Market Experts Bullish on Myers Industries Shares

Myers Industries US6284641098

Shares of Myers Industries have been trading at elevated levels, achieving new 52-week highs this week. This upward momentum is supported by recent analyst upgrades and coincides with the company's latest ex-dividend date. The stock closed at $18.45 on Friday.

The current optimism follows several strategic initiatives undertaken by the company. Quarterly results for Q3 2025, released in late October, presented a mixed performance. Adjusted earnings per share came in at $0.26, slightly below the $0.28 expectation, while net sales of $205.4 million narrowly missed forecasts.

Nevertheless, the firm demonstrated several operational improvements, including an expanding gross margin and a doubling of its free cash flow. A central strategic project is the sale of the Myers Tire Supply division. This formal sales process was initiated at the end of October and is intended to streamline the portfolio. Concurrently, Myers Industries is working to achieve annual cost savings of $20 million by the end of 2025.

Analysts Reinforce the Upward Trend

The recent price action is receiving support from Wall Street. Two research firms have revised their assessments upward in recent days:
* On December 2, Wall Street Zen upgraded the stock from "Buy" to "Strong Buy."
* StockInvest.us followed on December 3, also elevating its rating to a "Strong Buy" candidate.

The equity responded promptly, trading at new annual highs following these positive signals. Furthermore, the stock went ex-dividend as of Wednesday, December 3. Shareholders of record on that date will receive a quarterly dividend of $0.135 per share on January 5, 2026. At the current share price, this translates to an approximate annual dividend yield of 2.9%.

Outlook for the Coming Year

Analysts remain broadly confident. The average price target for the next twelve months stands at $21.00, suggesting further potential upside from current levels. Investor focus now shifts to progress on the Tire Supply business sale and the continued execution of the transformation program. The next significant milestone will be the publication of the full-year 2025 results, anticipated for early March 2026.