$12.30
2.93%
NYSE, Dec 13, 10:00 pm CET
ISIN
US6284641098
Symbol
MYE

Myers Industries, Inc. Target price 2024 - Analyst rating & recommendation

Myers Industries, Inc. Classifications & Recommendation:

Buy
100%

Myers Industries, Inc. Price Target

Target Price $22.00
Price $12.30
Potential
Number of Estimates 1
1 Analyst has issued a Myers Industries, Inc. price target 2025. The average Myers Industries, Inc. target price is $22.00. This is higher than the current stock price.
A rating was issued by 1 analysts: 1 Analysts recommend Myers Industries, Inc. to buy, 0 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Myers Industries, Inc. stock has an average upside potential 2025 of . Most analysts recommend the Myers Industries, Inc. stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 813.07 835.60
9.61% 2.77%
EBITDA Margin 11.68% 14.25%
0.65% 21.96%
Net Margin 6.04% 0.80%
10.95% 86.76%

1 Analyst has issued a sales forecast Myers Industries, Inc. 2024 . The average Myers Industries, Inc. sales estimate is

$836m
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. This is
1.47% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$836m 1.47%
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, the lowest is
$836m 1.47%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $813m 9.61%
2024
$836m 2.77%
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2025
$863m 3.27%
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2026
$894m 3.55%
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1 Analyst has issued an EBITDA forecast Myers Industries, Inc. 2024 . The average Myers Industries, Inc. EBITDA estimate is

$119m
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. This is
9.30% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$119m 9.30%
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, the lowest is
$119m 9.30%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $95.0m 10.20%
2024
$119m 25.37%
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2025
$130m 8.90%
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2026
$147m 13.26%
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EBITDA Margin

2023 11.68% 0.65%
2024
14.25% 21.96%
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2025
15.03% 5.47%
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2026
16.44% 9.38%
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1 Analyst has issued a net profit forecast Myers Industries, Inc. 2024 . The average Myers Industries, Inc. net profit estimate is

$6.7m
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. This is
57.15% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$6.7m 57.15%
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, the lowest is
$6.7m 57.15%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $49.1m 19.51%
2024
$6.7m 86.37%
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2025
$43.6m 550.15%
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2026
$58.8m 35.03%
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Net Margin

2023 6.04% 10.95%
2024
0.80% 86.76%
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2025
5.05% 531.25%
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2026
6.58% 30.30%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 1.32 0.18
19.51% 86.36%
P/E 68.33
EV/Sales 1.02

1 Analysts have issued a Myers Industries, Inc. forecast for earnings per share. The average Myers Industries, Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$0.18
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. This is
57.14% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$0.18 57.14%
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, the lowest is
$0.18 57.14%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $1.32 19.51%
2024
$0.18 86.36%
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2025
$1.17 550.00%
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2026
$1.58 35.04%
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P/E ratio

Current 29.62 121.38%
2024
68.33 130.69%
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2025
10.51 84.62%
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2026
7.78 25.98%
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Based on analysts' sales estimates for 2024, the Myers Industries, Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.04 18.18%
2024
1.02 1.62%
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2025
0.99 3.17%
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2026
0.96 3.42%
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P/S ratio

Current 0.56 30.13%
2024
0.55 1.44%
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2025
0.53 3.17%
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2026
0.51 3.43%
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