Why Is MYERS INDS INC (MYE) Stock Down Today?

Myers Industries shares fell 12.78% to $28.09 on Wednesday. The primary driver was a third-quarter earnings report where non-GAAP earnings per share missed analyst expectations, despite a revenue beat.

What Happened

Myers Industries reported third-quarter adjusted earnings of $0.32 per share, missing the consensus estimate of $0.45 by $0.13. Revenue came in at $171.34 million, exceeding the estimate of $163.80 million by $7.54 million. The company filed a Form 8-K with the SEC on October 29, 2026, disclosing the results of operations and financial condition. While the top line outperformed forecasts, the bottom-line miss weighed on the stock. The company maintained its quarterly dividend of $0.135 per share.

What The Data Shows

The stock opened at $31.40, a 2.5% gap down from the prior close of $32.20. Intraday trading saw the session high reach $32.16 at 7:20 AM ET before dropping to a session low of $27.39 at 9:40 AM ET. Volume stood at 0.1 million shares, which is 0.2 times the three-month daily average. The stock printed two fresh 52-week lows on October 29, 2026, within a 52-week range of $16.46 to $37.45. Fundamentals show a market cap of $1.2 billion, a P/E ratio of 24.0, and a trailing twelve-month revenue growth of 15.1%. The net margin is 4.3%, with a beta of 0.84 and a dividend yield of 1.67%. Keybanc maintains an Overweight rating with a price target of $37.

What To Watch

Investors will monitor how the market digests the divergence between the revenue beat and the earnings miss. The coverage breadth includes five stories from four sources in the last 36 hours, with attention on whether the stock stabilizes near its new 52-week low levels.