MYR Group Company Profile (NASDAQ:MYRG)


MYR Group logoMYR Group Inc. is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services. The Company performs construction services in two segments: Transmission and Distribution (T&D), and Commercial and Industrial (C&I). The Company provides C&I electrical contracting services to general contractors, commercial and industrial facility owners, local governments and developers in the western and northeastern United States and western Canada. The Company's T&D segment serves the T&D sector of the electric utility industry. The Company provides a range of services on electric transmission and distribution networks and substation facilities, such as design, engineering, procurement, construction and upgrade. The Company's C&I segment provides services, such as the design, installation, maintenance and repair of commercial and industrial wiring, installation of traffic networks and the installation of bridge, roadway and tunnel lighting.

Industry, Sector and Symbol:
  • Sector: Utilities
  • Industry: Smart Grid & Power Distribution Construction
  • Sub-Industry: Construction & Engineering
  • Symbol: NASDAQ:MYRG
  • CUSIP: 55405W10
  • Web:
  • Market Cap: $504.15 million
  • Outstanding Shares: 16,492,000
Average Prices:
  • 50 Day Moving Avg: $27.59
  • 200 Day Moving Avg: $31.05
  • 52 Week Range: $23.00 - $43.77
  • Trailing P/E Ratio: 30.32
  • Foreward P/E Ratio: 19.70
  • P/E Growth: 4.91
Sales & Book Value:
  • Annual Revenue: $1.28 billion
  • Price / Sales: 0.39
  • Book Value: $16.20 per share
  • Price / Book: 1.88
  • EBITDA: $73.32 million
  • Net Margins: 1.28%
  • Return on Equity: 6.28%
  • Return on Assets: 2.99%
  • Debt-to-Equity Ratio: 0.18%
  • Current Ratio: 1.67%
  • Quick Ratio: 1.67%
  • Average Volume: 105,989 shs.
  • Beta: 0.37
  • Short Ratio: 2.69

Frequently Asked Questions for MYR Group (NASDAQ:MYRG)

What is MYR Group's stock symbol?

MYR Group trades on the NASDAQ under the ticker symbol "MYRG."

How will MYR Group's stock buyback program work?

MYR Group declared that its Board of Directors has initiated a share repurchase program on Thursday, August 3rd 2017, which permits the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

How were MYR Group's earnings last quarter?

MYR Group, Inc. (NASDAQ:MYRG) issued its earnings results on Wednesday, August, 2nd. The company reported $0.07 EPS for the quarter, missing the Zacks' consensus estimate of $0.34 by $0.27. The firm had revenue of $356.20 million for the quarter, compared to the consensus estimate of $310.57 million. MYR Group had a return on equity of 6.28% and a net margin of 1.28%. The business's revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 EPS. View MYR Group's Earnings History.

When will MYR Group make its next earnings announcement?

MYR Group is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for MYR Group.

Where is MYR Group's stock going? Where will MYR Group's stock price be in 2017?

6 brokers have issued twelve-month price targets for MYR Group's stock. Their forecasts range from $28.00 to $35.00. On average, they anticipate MYR Group's stock price to reach $31.50 in the next twelve months. View Analyst Ratings for MYR Group.

Who are some of MYR Group's key competitors?

Who are MYR Group's key executives?

MYR Group's management team includes the folowing people:

  • William A. Koertner, Chairman of the Board
  • Richard S. Swartz Jr., President, Chief Executive Officer, Chief Operating Officer
  • Betty R. Johnson, Chief Financial Officer, Senior Vice President, Treasurer
  • Gerald B. Engen Jr., Senior Vice President, Chief Legal Officer, Secretary
  • Tod M. Cooper, Senior Vice President, Chief Operating Officer - T&D
  • William H. Green, Senior Vice President
  • Jeffrey J. Waneka, Senior Vice President, Chief Operating Officer - C&I
  • Gary R Johnson, Lead Independent Director
  • Bradley Thede Favreau, Director
  • Kenneth Michael Hartwick, Director

How do I buy MYR Group stock?

Shares of MYR Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is MYR Group's stock price today?

One share of MYR Group stock can currently be purchased for approximately $30.53.

MarketBeat Community Rating for MYR Group (NASDAQ MYRG)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  151 (Vote Outperform)
Underperform Votes:  158 (Vote Underperform)
Total Votes:  309
MarketBeat's community ratings are surveys of what our community members think about MYR Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for MYR Group (NASDAQ:MYRG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $31.50 (3.18% upside)
Consensus Price Target History for MYR Group (NASDAQ:MYRG)
Price Target History for MYR Group (NASDAQ:MYRG)
Analysts' Ratings History for MYR Group (NASDAQ:MYRG)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/8/2017KeyCorpReiterated RatingHoldHighView Rating Details
9/6/2017Stifel NicolausReiterated RatingHold -> Hold$36.00 -> $29.00LowView Rating Details
9/5/2017Robert W. BairdReiterated RatingBuy$34.00LowView Rating Details
8/18/2017FBR & CoLower Price TargetMarket Perform$37.00 -> $28.00LowView Rating Details
8/4/2017Canaccord GenuityLower Price TargetBuy$47.00 -> $35.00LowView Rating Details
11/18/2016Avondale PartnersDowngradeOutperform -> Market PerformN/AView Rating Details
8/5/2016Maxim GroupBoost Price TargetBuy$28.00 -> $30.00N/AView Rating Details
11/9/2015DA DavidsonReiterated RatingNeutral$23.00N/AView Rating Details
(Data available from 10/18/2015 forward)


Earnings History for MYR Group (NASDAQ:MYRG)
Earnings by Quarter for MYR Group (NASDAQ:MYRG)
Earnings History by Quarter for MYR Group (NASDAQ MYRG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$0.48N/AView Earnings Details
8/2/2017Q2 2017$0.34$0.07$310.57 million$356.20 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.29$0.07$300.97 million$300.13 millionViewListenView Earnings Details
3/9/2017Q4 2016$0.40$0.48$291.69 million$343.70 millionViewListenView Earnings Details
11/2/2016Q316$0.38$0.38$275.13 million$283.30 millionViewN/AView Earnings Details
8/3/2016Q2$0.33$0.31$279.96 million$261.90 millionViewN/AView Earnings Details
5/4/2016Q116$0.28$0.10$262.48 million$253.63 millionViewN/AView Earnings Details
3/3/2016Q415$0.31$0.29$273.65 million$271.20 millionViewN/AView Earnings Details
11/4/2015Q3$0.42$0.29$279.90 million$269.90 millionViewN/AView Earnings Details
8/5/2015Q215$0.40$0.38$261.04 million$276.50 millionViewN/AView Earnings Details
5/6/2015Q115$0.30$0.34$221.50 million$244.10 millionViewN/AView Earnings Details
3/11/2015Q414$0.37$0.66$246.62 million$251.00 millionViewN/AView Earnings Details
11/5/2014Q314$0.38$0.39$235.30 million$248.50 millionViewN/AView Earnings Details
8/6/2014Q214$0.41$0.36$228.90 million$228.90 millionViewListenView Earnings Details
5/7/2014Q114$0.33$0.29$207.49 million$215.64 millionViewListenView Earnings Details
3/5/2014Q413$0.40$0.46$227.46 million$254.60 millionViewListenView Earnings Details
11/6/2013Q313$0.45$0.45$229.02 million$232.89 millionViewN/AView Earnings Details
8/7/2013Q2 2013$0.44$0.44$233.24 million$214.00 millionViewN/AView Earnings Details
5/8/2013Q1 2013$0.35$0.32$245.51 million$201.34 millionViewN/AView Earnings Details
3/6/2013Q4 2012$0.42$0.46$259.01 million$247.80 millionViewN/AView Earnings Details
11/7/2012Q312$0.44$0.41$259.45 million$250.60 millionViewN/AView Earnings Details
8/7/2012$0.33$0.45ViewN/AView Earnings Details
5/9/2012$0.22$0.29ViewN/AView Earnings Details
3/7/2012$0.26$0.28ViewN/AView Earnings Details
8/9/2011$0.19$0.18ViewN/AView Earnings Details
5/9/2011$0.16$0.21ViewN/AView Earnings Details
3/8/2011$0.18$0.29ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for MYR Group (NASDAQ:MYRG)
2017 EPS Consensus Estimate: $1.46
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.24$0.29$0.27
Q2 20173$0.30$0.42$0.34
Q3 20173$0.39$0.52$0.47
Q4 20173$0.26$0.45$0.38
(Data provided by Zacks Investment Research)


Dividend History for MYR Group (NASDAQ:MYRG)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading and Institutional Ownership History for MYR Group (NASDAQ:MYRG)
Insider Ownership Percentage: 5.00%
Institutional Ownership Percentage: 87.81%
Insider Trades by Quarter for MYR Group (NASDAQ:MYRG)
Institutional Ownership by Quarter for MYR Group (NASDAQ:MYRG)
Insider Trades by Quarter for MYR Group (NASDAQ:MYRG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/28/2017Gerald B Jr. EngenVPSell10,000$32.00$320,000.00View SEC Filing  
7/19/2017Gerald B Jr. EngenVPSell8,790$31.23$274,511.70View SEC Filing  
7/17/2017Gerald B Jr. EngenVPSell1,210$31.01$37,522.10View SEC Filing  
6/7/2017William PattersonDirectorSell3,482$30.10$104,808.20View SEC Filing  
6/2/2017Gerald B Jr. EngenVPSell10,000$30.00$300,000.00View SEC Filing  
6/2/2017Kenneth Michael HartwickDirectorBuy1,000$29.78$29,780.00View SEC Filing  
3/14/2017Gary Ronald JohnsonDirectorSell8,000$40.12$320,960.00View SEC Filing  
3/14/2017Gerald B Jr. EngenVPSell19,853$40.41$802,259.73View SEC Filing  
3/14/2017Tod M CooperCOOSell8,412$38.95$327,647.40View SEC Filing  
12/6/2016Gerald B Jr. EngenVPSell15,812$38.00$600,856.00View SEC Filing  
12/6/2016William A KoertnerChairmanSell8,679$38.01$329,888.79View SEC Filing  
12/5/2016Richard S Jr. SwartzCOOSell21,437$38.01$814,820.37View SEC Filing  
12/5/2016William A KoertnerChairmanSell10,000$38.15$381,500.00View SEC Filing  
12/1/2016William A KoertnerChairmanSell10,000$38.02$380,200.00View SEC Filing  
11/29/2016Henry W FayneDirectorSell2,760$38.17$105,349.20View SEC Filing  
11/14/2016Jack L AlexanderDirectorSell8,000$36.06$288,480.00View SEC Filing  
11/10/2016Richard S Jr. SwartzCOOSell32,000$33.70$1,078,400.00View SEC Filing  
11/10/2016William A KoertnerChairmanSell50,000$33.10$1,655,000.00View SEC Filing  
11/9/2016Gerald B Jr. EngenVPSell32,000$32.53$1,040,960.00View SEC Filing  
11/3/2016William A KoertnerChairmanSell10,000$31.00$310,000.00View SEC Filing  
9/28/2016William A KoertnerChairmanSell10,000$30.00$300,000.00View SEC Filing  
9/22/2016William A KoertnerChairmanSell10,000$29.50$295,000.00View SEC Filing  
9/20/2016William A KoertnerChairmanSell30,000$28.58$857,400.00View SEC Filing  
8/18/2016Tod M CooperInsiderSell9,212$28.75$264,845.00View SEC Filing  
5/10/2016Larry F AltenbaumerDirectorSell8,000$23.97$191,760.00View SEC Filing  
9/11/2015William H GreenVPSell32,000$27.02$864,640.00View SEC Filing  
8/13/2015William H GreenVPSell11,000$29.25$321,750.00View SEC Filing  
3/26/2015William A KoertnerCEOSell19,732$32.00$631,424.00View SEC Filing  
3/25/2015William A KoertnerCEOSell15,000$31.00$465,000.00View SEC Filing  
3/23/2015William A KoertnerCEOSell15,000$30.00$450,000.00View SEC Filing  
12/11/2014John A FlussVPSell2,698$26.03$70,228.94View SEC Filing  
11/10/2014Richard S Jr. SwartzCOOSell11,265$27.50$309,787.50View SEC Filing  
8/14/2014Paul J EvansCFOBuy1,000$23.15$23,150.00View SEC Filing  
8/11/2014Maurice E MooreDirectorBuy2,000$23.37$46,740.00View SEC Filing  
7/3/2014William A KoertnerCEOSell10,000$27.00$270,000.00View SEC Filing  
5/13/2014William KoertnerCEOSell20,000$25.78$515,600.00View SEC Filing  
4/11/2014William KoertnerCEOSell10,000$24.02$240,200.00View SEC Filing  
11/29/2013Gregory WolfCAOSell5,000$25.61$128,050.00View SEC Filing  
10/18/2013William A KoertnerCEOSell10,000$26.00$260,000.00View SEC Filing  
10/11/2013William KoertnerCEOSell10,000$25.00$250,000.00View SEC Filing  
9/11/2013William KoertnerCEOSell10,000$24.50$245,000.00View SEC Filing  
9/9/2013William A KoertnerCEOSell20,000$23.25$465,000.00View SEC Filing  
8/26/2013Tod CooperSVPSell1,810$22.38$40,507.80View SEC Filing  
8/26/2013William GreenVPSell22,301$22.44$500,434.44View SEC Filing  
8/8/2013William KoertnerCEOSell10,000$22.50$225,000.00View SEC Filing  
7/22/2013William A KoertnerCEOSell30,000$21.50$645,000.00View SEC Filing  
7/11/2013William A KoertnerCEOSell9,900$20.09$198,891.00View SEC Filing  
12/4/2012William H GreenVPSell5,000$22.00$110,000.00View SEC Filing  
10/5/2012William A KoertnerCEOSell20,000$21.49$429,800.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for MYR Group (NASDAQ:MYRG)
Latest Headlines for MYR Group (NASDAQ:MYRG)
DateHeadline logoMYR Group, Inc. breached its 50 day moving average in a Bullish Manner : MYRG-US : September 25, 2017 - September 25 at 8:13 AM logoMYR Group, Inc. (MYRG) Given Average Rating of "Hold" by Brokerages - September 24 at 4:40 PM logo$341.60 Million in Sales Expected for MYR Group, Inc. (MYRG) This Quarter - September 24 at 3:32 PM logoMYR Group's (MYRG) Hold Rating Reaffirmed at KeyCorp - September 8 at 8:40 PM logoMYR Group Inc. Subsidiary Sturgeon Electric Company, Inc. Teams with Kiewit Meridiam Partners for Electrical Construction of $1.2 Billion Central 70 Project in Denver - September 8 at 6:08 AM logoMYR Group, Inc. (MYRG) Price Target Cut to $29.00 by Analysts at Stifel Nicolaus - September 6 at 7:40 AM logoMYR Group's (MYRG) Buy Rating Reaffirmed at Robert W. Baird - September 5 at 9:46 PM logo Analysts Expect MYR Group, Inc. (MYRG) Will Announce Quarterly Sales of $339.00 Million - September 5 at 12:58 PM logo Analysts Anticipate MYR Group, Inc. (MYRG) Will Announce Earnings of $0.40 Per Share - September 3 at 12:30 PM logoMYR Group, Inc. (MYRG) Given Consensus Rating of "Hold" by Analysts - August 30 at 4:44 PM logoMYR Group's (MYRG) "Hold" Rating Reiterated at Stifel Nicolaus - August 29 at 4:06 PM logoMYR Group, Inc. (MYRG) Price Target Cut to $28.00 - August 18 at 5:08 PM logoMYR Group, Inc. – Value Analysis (NASDAQ:MYRG) : August 17, 2017 - August 17 at 5:39 AM logo Brokerages Anticipate MYR Group, Inc. (MYRG) Will Post Quarterly Sales of $339.00 Million - August 17 at 2:32 AM logoQ4 2017 EPS Estimates for MYR Group, Inc. Decreased by KeyCorp (NASDAQ:MYRG) - August 7 at 7:28 AM logoMYR Group, Inc. (MYRG) Price Target Lowered to $35.00 at Canaccord Genuity - August 6 at 2:32 PM logoMYR Group, Inc. (NASDAQ:MYRG) Receives Consensus Rating of "Buy" from Analysts - August 5 at 4:40 PM logoMYR Group, Inc. breached its 50 day moving average in a Bearish Manner : MYRG-US : August 4, 2017 - August 4 at 3:36 PM logoEdited Transcript of MYRG earnings conference call or presentation 3-Aug-17 2:00pm GMT - August 4 at 6:10 AM logoShare Repurchase Program Approved by MYR Group (NASDAQ:MYRG) - August 3 at 11:16 AM logoMYR Group Inc. Announces Second-Quarter and First-Half 2017 Results - August 3 at 6:06 AM logoMYR misses 2Q profit forecasts - August 3 at 6:06 AM logoInsider Selling: MYR Group, Inc. (MYRG) VP Sells 10,000 Shares of Stock - July 31 at 7:44 PM logoMYR Group Inc. Announces Second-Quarter 2017 Earnings Release and Conference Call Schedule - July 27 at 4:36 AM logoInsider Selling: MYR Group, Inc. (MYRG) VP Sells 8,790 Shares of Stock - July 21 at 7:31 PM logoGerald B. Jr. Engen Sells 1,210 Shares of MYR Group, Inc. (NASDAQ:MYRG) Stock - July 18 at 7:53 PM logoMYR Group (MYRG) & MasTec (MTZ) Head to Head Review - July 16 at 12:25 PM logoMYR Group, Inc. breached its 50 day moving average in a Bearish Manner : MYRG-US : July 11, 2017 - July 12 at 5:57 AM logoFinancial Survey: MYR Group (MYRG) & MasTec (MTZ) - July 12 at 12:06 AM logoMYR Group, Inc. (NASDAQ:MYRG) Receives Consensus Rating of "Buy" from Brokerages - July 11 at 5:34 PM logoComparing MYR Group (MYRG) & MasTec (MTZ) - July 10 at 2:20 PM logoMasTec (MTZ) vs. MYR Group (MYRG) Head-To-Head Survey - July 6 at 7:40 AM logoFinancial Contrast: MasTec (MTZ) versus MYR Group (MYRG) - July 3 at 8:19 AM logoMYR Group Shares Offer A Good Business At A Good Price - May 5 at 12:20 PM logoBloomberg Markets: Dave Wilson’s Stock of the Day for May 4 - May 4 at 11:50 PM logoWhy MYR Group Inc.'s Shares Plunged 20% Today - May 4 at 3:45 PM logoMYR Group, Inc. :MYRG-US: Earnings Analysis: Q4, 2016 By the Numbers : March 17, 2017 - March 17 at 6:53 PM logoMYR Group, Inc. :MYRG-US: Earnings Analysis: 2016 By the Numbers : March 15, 2017 - March 15 at 6:54 PM logoMYR GROUP INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits - March 9 at 11:34 PM logoMYR Group Inc. Announces Fourth-Quarter and Full-Year 2016 Results - March 9 at 11:34 PM logoQ4 2016 MYR Group Inc Earnings Release - After Market Close - March 9 at 8:31 AM logoMYR GROUP INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Definitive A - February 8 at 7:36 PM logoMYR Group Inc. Announces Resignation of John P. Schauerman from Board of Directors - November 30 at 11:31 AM logoMYR GROUP INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits - November 30 at 11:31 AM logo4:05 pm MYR Group announces that effective November 23 John P. Schauerman has resigned from the co's Board of Directors to pursue other business opportunities - November 30 at 11:31 AM logoQ3 2016 MYR Group Inc Earnings Release - After Market Close - November 2 at 9:52 AM logoMYR GROUP INC. Files SEC form 8-K, Other Events - October 31 at 6:23 PM logoMYR GROUP INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits - August 16 at 6:31 PM logoQ2 2016 MYR Group Inc Earnings Release - After Market Close - August 3 at 9:39 AM logoMYR GROUP INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligat - July 7 at 4:39 PM



MYR Group (MYRG) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by Staff

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