MYE vs. KRT, OFLX, IIIN, TWI, ASTE, ERII, KRNT, XMTR, PRLB, and CECO
Should you be buying Myers Industries stock or one of its competitors? The main competitors of Myers Industries include Karat Packaging (KRT), Omega Flex (OFLX), Insteel Industries (IIIN), Titan International (TWI), Astec Industries (ASTE), Energy Recovery (ERII), Kornit Digital (KRNT), Xometry (XMTR), Proto Labs (PRLB), and CECO Environmental (CECO). These companies are all part of the "industrial products" sector.
Karat Packaging (NASDAQ:KRT) and Myers Industries (NYSE:MYE) are both small-cap industrial products companies, but which is the better business? We will contrast the two businesses based on the strength of their community ranking, valuation, dividends, earnings, media sentiment, analyst recommendations, profitability, institutional ownership and risk.
Karat Packaging has a net margin of 7.31% compared to Karat Packaging's net margin of 4.90%. Myers Industries' return on equity of 21.94% beat Karat Packaging's return on equity.
Karat Packaging presently has a consensus target price of $30.33, indicating a potential upside of 6.32%. Myers Industries has a consensus target price of $30.00, indicating a potential upside of 82.70%. Given Karat Packaging's higher probable upside, analysts clearly believe Myers Industries is more favorable than Karat Packaging.
In the previous week, Karat Packaging had 2 more articles in the media than Myers Industries. MarketBeat recorded 6 mentions for Karat Packaging and 4 mentions for Myers Industries. Karat Packaging's average media sentiment score of 0.10 beat Myers Industries' score of -0.07 indicating that Myers Industries is being referred to more favorably in the news media.
Myers Industries has higher revenue and earnings than Karat Packaging. Myers Industries is trading at a lower price-to-earnings ratio than Karat Packaging, indicating that it is currently the more affordable of the two stocks.
Myers Industries received 210 more outperform votes than Karat Packaging when rated by MarketBeat users. However, 63.33% of users gave Karat Packaging an outperform vote while only 59.17% of users gave Myers Industries an outperform vote.
Karat Packaging has a beta of 1.06, indicating that its share price is 6% more volatile than the S&P 500. Comparatively, Myers Industries has a beta of 1.31, indicating that its share price is 31% more volatile than the S&P 500.
Karat Packaging pays an annual dividend of $1.40 per share and has a dividend yield of 4.9%. Myers Industries pays an annual dividend of $0.54 per share and has a dividend yield of 3.3%. Karat Packaging pays out 94.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Myers Industries pays out 50.9% of its earnings in the form of a dividend. Karat Packaging has increased its dividend for 1 consecutive years. Karat Packaging is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
25.2% of Karat Packaging shares are owned by institutional investors. Comparatively, 90.8% of Myers Industries shares are owned by institutional investors. 71.5% of Karat Packaging shares are owned by company insiders. Comparatively, 1.4% of Myers Industries shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Summary
Karat Packaging beats Myers Industries on 12 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding MYE and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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