KeyCorp Comments on MYR Group's Q3 Earnings (NASDAQ:MYRG)

Key Points

• KeyCorp has revised its Q3 2025 earnings per share estimate for MYR Group from $2.20 to $1.93, maintaining a "Sector Weight" rating on the stock.
• Multiple research firms, including Goldman Sachs, have issued price objectives for MYR Group, with the consensus average price target at $191.83.
• MYR Group reported quarterly earnings of $1.70 EPS, surpassing analyst expectations, with revenue increasing by 8.6% year-over-year to $900.33 million.

MYR Group, Inc. (NASDAQ:MYRG - Free Report) - KeyCorp dropped their Q3 2025 earnings per share estimates for shares of MYR Group in a research report issued to clients and investors on Tuesday, September 30th. KeyCorp analyst S. Jain now forecasts that the utilities provider will post earnings of $1.93 per share for the quarter, down from their prior estimate of $2.20. KeyCorp currently has a "Sector Weight" rating on the stock. The consensus estimate for MYR Group's current full-year earnings is $1.16 per share. KeyCorp also issued estimates for MYR Group's Q4 2025 earnings at $1.94 EPS.

A number of other research firms also recently commented on MYRG. Stifel Nicolaus set a $210.00 price objective on MYR Group in a research note on Monday, August 4th. The Goldman Sachs Group boosted their price objective on MYR Group from $168.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Finally, Jefferies Financial Group began coverage on MYR Group in a research report on Friday, August 15th. They set a "hold" rating and a $202.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $191.83.

MYR Group Stock Up 0.6%

MYRG opened at $203.27 on Friday. MYR Group has a one year low of $97.72 and a one year high of $220.01. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.33 and a current ratio of 1.33. The stock's fifty day moving average is $187.11 and its 200-day moving average is $163.58. The company has a market capitalization of $3.16 billion, a PE ratio of 42.44 and a beta of 1.19.

MYR Group (NASDAQ:MYRG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.14. MYR Group had a return on equity of 13.16% and a net margin of 2.21%.The company had revenue of $900.33 million for the quarter, compared to the consensus estimate of $828.20 million. During the same quarter in the previous year, the business earned ($0.91) EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year.

Institutional Investors Weigh In On MYR Group

A number of institutional investors and hedge funds have recently modified their holdings of MYRG. GAMMA Investing LLC grew its holdings in shares of MYR Group by 14.2% during the third quarter. GAMMA Investing LLC now owns 916 shares of the utilities provider's stock valued at $191,000 after buying an additional 114 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of MYR Group by 34.3% during the second quarter. Texas Permanent School Fund Corp now owns 17,546 shares of the utilities provider's stock valued at $3,184,000 after buying an additional 4,486 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of MYR Group by 200.5% during the second quarter. Osaic Holdings Inc. now owns 1,755 shares of the utilities provider's stock valued at $316,000 after buying an additional 1,171 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of MYR Group by 81.9% during the second quarter. Squarepoint Ops LLC now owns 32,390 shares of the utilities provider's stock valued at $5,877,000 after buying an additional 14,588 shares in the last quarter. Finally, Neuberger Berman Group LLC purchased a new position in shares of MYR Group during the second quarter valued at $257,000. 88.90% of the stock is owned by institutional investors and hedge funds.

About MYR Group

MYR Group Inc, through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice, or other related damages.

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