MYR Group (MYRG) Projected to Post Quarterly Earnings on Wednesday

MYR Group (NASDAQ:MYRG - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $1.18 per share and revenue of $788.98 million for the quarter.

MYR Group (NASDAQ:MYRG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.27. MYR Group had a return on equity of 6.05% and a net margin of 1.08%. During the same period in the prior year, the company earned $1.12 earnings per share. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts expect MYR Group to post $1 EPS for the current fiscal year and $6 EPS for the next fiscal year.

MYR Group Trading Down 2.6 %

NASDAQ:MYRG traded down $3.31 during mid-day trading on Wednesday, reaching $122.32. The company's stock had a trading volume of 240,828 shares, compared to its average volume of 211,681. MYR Group has a twelve month low of $86.60 and a twelve month high of $168.88. The company's fifty day simple moving average is $117.06 and its two-hundred day simple moving average is $134.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market cap of $1.97 billion, a P/E ratio of 53.42 and a beta of 1.07.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. KeyCorp upgraded shares of MYR Group from a "sector weight" rating to an "overweight" rating and set a $136.00 target price for the company in a report on Friday, March 14th. Stifel Nicolaus lowered their price objective on shares of MYR Group from $157.00 to $131.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group cut their target price on MYR Group from $164.00 to $145.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Robert W. Baird lowered their price target on MYR Group from $201.00 to $159.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, Piper Sandler initiated coverage on MYR Group in a research note on Tuesday, April 8th. They issued a "neutral" rating and a $124.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $139.00.

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.