Myers Industries Net Worth

Myers Industries Net Worth Analysis

Myers Industries Target Price Consensus

Myers Industries Target Price Projection

Myers Industries' current and average target prices are 22.30 and 24.50, respectively. The current price of Myers Industries is the price at which Myers Industries is currently trading. On the other hand, Myers Industries' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Myers Industries and the information provided on this page.

Know Myers Industries' Top Institutional Investors

Note, although Myers Industries' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Follow Myers Industries' market capitalization trends

The company currently falls under 'Small-Cap' category with a total capitalization of 823.74 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Myers Industries's market, we take the total number of its shares issued and multiply it by Myers Industries's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Project Myers Industries' profitablity

The company has Net Profit Margin of 0.06 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.05 %, which entails that for every 100 dollars of revenue, it generated $0.05 of operating income.

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Fundamentals View

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Evaluate Myers Industries' management efficiency

Myers Industries has Return on Asset of 0.0717 % which means that on every $100 spent on assets, it made $0.0717 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.178 %, implying that it generated $0.178 on every 100 dollars invested. Myers Industries' management efficiency ratios could be used to measure how well Myers Industries manages its routine affairs as well as how well it operates its assets and liabilities. As of May 2, 2024, Return On Tangible Assets is expected to decline to 0.06. In addition to that, Return On Capital Employed is expected to decline to 0.14. At present, Myers Industries' Intangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Net Tangible Assets is expected to grow to about 309.6 M, whereas Non Current Assets Total are forecasted to decline to about 244.1 M.

Myers Industries Corporate Filings

Myers Industries time-series forecasting models is one of many Myers Industries' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Myers Industries' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Myers Industries Earnings Estimation Breakdown

The calculation of Myers Industries' earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Myers Industries is estimated to be 0.32 with the future projection ranging from a low of 0.32 to a high of 0.32. Please be aware that this consensus of annual earnings estimates for Myers Industries is based on EPS before non-recurring items and includes expenses related to employee stock options.

Myers Industries Earnings Projection Consensus

Myers Industries Earnings History

Earnings estimate consensus by Myers Industries analysts from Wall Street is used by the market to judge Myers Industries' stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Myers Industries' upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods. The current year's Price Earnings Ratio is expected to grow to 15.44, whereas Retained Earnings are projected to grow to (33.7 M). The current year's Net Income Applicable To Common Shares is expected to grow to about 72.8 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 36.7 M.

Hype Prediction Low Estimated High 20.55 22.39 24.23 Details

Intrinsic Valuation Low Real High 20.07 24.74 26.58 Details

1 Analysts Consensus Low Target High 22.30 24.50 27.20 Details

Earnings Estimates (0) Low Projected EPS High 0.32 0.32 0.32 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Myers Industries. Your research has to be compared to or analyzed against Myers Industries' peers to derive any actionable benefits. When done correctly, Myers Industries' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Myers Industries. Note that many institutional investors and large investment bankers can move markets due to the volume of Myers assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Myers Industries. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Myers Industries' stock price in the short term.

Myers Industries Earnings per Share Projection vs Actual

Actual Earning per Share of Myers Industries refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Myers Industries predict the company's earnings will be in the future. The higher the earnings per share of Myers Industries, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Myers Industries Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Myers Industries, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Myers Industries should always be considered in relation to other companies to make a more educated investment decision.

Myers Quarterly Analyst Estimates and Surprise Metrics

Be your own money manager

Our tools can tell you how much better you can do entering a position in Myers Industries without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Myers Industries Corporate Directors

Myers Industries corporate directors refer to members of a Myers Industries board of directors. The board of directors generally takes responsibility for the Myers Industries' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Myers Industries' board members must vote for the resolution. The Myers Industries board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Myers Stock?

The net worth of Myers Industries is the difference between its total assets and liabilities. Myers Industries' net worth represents the value of the company's equity or ownership interest. In other words, it is the amount of money that would be left over if all of Myers Industries' assets were sold and all of its debts were paid off. Net worth is sometimes referred to as shareholder's equity or book value. Myers Industries' net worth can be used as a measure of its financial health and stability which can help investors to decide if Myers Industries is a good investment. It is also essential in determining the company's creditworthiness and ability to secure financing before investing in Myers Industries stock.

Already Invested in Myers Industries?

When determining whether Myers Industries is a strong investment it is important to analyze Myers Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Myers Industries' future performance. For an informed investment choice regarding Myers Stock, refer to the following important reports:

How To Invest In Myers Details

Is Myers Stock a good investment? Details

What is Myers Industries' Net Worth? Details

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