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MU   74.48 (+5.69%)
T   20.57 (+1.43%)
GE   76.40 (+2.37%)
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DIS   108.64 (+3.29%)
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NASDAQ:MYRG

MYR Group (MYRG) Stock Forecast, Price & News

$85.37
+0.32 (+0.38%)
(As of 05/17/2022 04:00 PM ET)
Add
Compare
Today's Range
$84.97
$86.82
50-Day Range
$77.10
$101.70
52-Week Range
$74.77
$121.22
Volume
75,838 shs
Average Volume
100,623 shs
Market Capitalization
$1.45 billion
P/E Ratio
17.07
Dividend Yield
N/A
Beta
1.16
30 days | 90 days | 365 days | Advanced Chart
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MYR Group logo

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, renewable power facilities, and limited gas construction services, as well as emergency restoration services in response to hurricane, ice, or other storm related damages. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting for airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Henderson, Colorado.

Headlines

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Industry, Sector and Symbol

Industry
Water, sewer, & utility lines
Sub-Industry
Construction & Engineering
Sector
Utilities
Current Symbol
NASDAQ:MYRG
CUSIP
55405W10
Employees
7,600
Year Founded
1891

Sales & Book Value

Annual Sales
$2.50 billion
Cash Flow
$7.86 per share
Book Value
$30.77 per share

Profitability

Net Income
$85.01 million
Pretax Margin
4.47%

Debt

Price-To-Earnings

Miscellaneous

Free Float
16,528,000
Market Cap
$1.45 billion
Optionable
Optionable

Company Calendar

Last Earnings
4/27/2022
Today
5/17/2022
Next Earnings (Estimated)
7/27/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

1.61 out of 5 stars

Utilities Sector

89th out of 122 stocks

Water, Sewer, & Utility Lines Industry

7th out of 8 stocks

Analyst Opinion: 1.0Community Rank: 4.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -













MYR Group (NASDAQ:MYRG) Frequently Asked Questions

Are investors shorting MYR Group?

MYR Group saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 304,000 shares, an increase of 25.8% from the April 15th total of 241,700 shares. Based on an average daily trading volume, of 97,600 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.8% of the shares of the company are short sold.
View MYR Group's Short Interest
.

When is MYR Group's next earnings date?

MYR Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
View our earnings forecast for MYR Group
.

How were MYR Group's earnings last quarter?

MYR Group Inc. (NASDAQ:MYRG) released its earnings results on Wednesday, April, 27th. The utilities provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.18. The utilities provider earned $636.62 million during the quarter, compared to analysts' expectations of $605.10 million. MYR Group had a trailing twelve-month return on equity of 16.96% and a net margin of 3.37%. During the same period in the previous year, the company posted $1.17 EPS.
View MYR Group's earnings history
.

What price target have analysts set for MYRG?

0 equities research analysts have issued 1-year target prices for MYR Group's stock. Their forecasts range from $101.00 to $101.00. On average, they anticipate MYR Group's stock price to reach $101.00 in the next year. This suggests a possible upside of 18.3% from the stock's current price.
View analysts' price targets for MYR Group
or view top-rated stocks among Wall Street analysts.

Who are MYR Group's key executives?
MYR Group's management team includes the following people:
  • Mr. Richard S. Swartz Jr., Pres, CEO & Director (Age 58, Pay $2.24M) (LinkedIn Profile)
  • Ms. Betty R. Johnson, Sr. VP & CFO (Age 64, Pay $1.13M)
  • Mr. William F. Fry, VP, Chief Legal Officer & Sec. (Age 47, Pay $947.24k)
  • Mr. Tod M. Cooper, Sr. VP & COO of Transmission and Distribution (Age 57, Pay $1.18M)
  • Mr. Jeffrey J. Waneka, Sr. VP and COO of Commercial & Industrial (Age 60, Pay $1.01M)
  • Mr. A. James Barrett, VP of HR
  • Ms. Jennifer L. Harper, VP & Treasurer
What is Richard Swartz's approval rating as MYR Group's CEO?

15 employees have rated MYR Group CEO Richard Swartz on Glassdoor.com. Richard Swartz has an approval rating of 92% among MYR Group's employees. This puts Richard Swartz in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of MYR Group own?
What is MYR Group's stock symbol?

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

Who are MYR Group's major shareholders?

MYR Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.19%), Vanguard Group Inc. (6.98%), Dimensional Fund Advisors LP (6.88%), Neumeier Poma Investment Counsel LLC (3.75%), Principal Financial Group Inc. (3.31%) and State Street Corp (3.15%). Company insiders that own MYR Group stock include Marc Prieur, Richard S Jr Swartz, Tod M Cooper and William A Koertner.
View institutional ownership trends for MYR Group
.

Which institutional investors are selling MYR Group stock?

MYRG stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Mirae Asset Global Investments Co. Ltd., Dimensional Fund Advisors LP, Rothschild & Co. Asset Management US Inc., First Trust Advisors LP, Rice Hall James & Associates LLC, New York State Common Retirement Fund, and Teton Advisors Inc.. Company insiders that have sold MYR Group company stock in the last year include Richard S Jr Swartz, and William A Koertner.
View insider buying and selling activity for MYR Group
or view top insider-selling stocks.

Which institutional investors are buying MYR Group stock?

MYRG stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., RK Capital Management LLC, Verition Fund Management LLC, Principal Financial Group Inc., Vanguard Group Inc., Walleye Capital LLC, American Century Companies Inc., and State Street Corp.
View insider buying and selling activity for MYR Group
or or view top insider-buying stocks.

How do I buy shares of MYR Group?

Shares of MYRG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MYR Group's stock price today?

One share of MYRG stock can currently be purchased for approximately $85.37.

How much money does MYR Group make?

MYR Group has a market capitalization of $1.45 billion and generates $2.50 billion in revenue each year. The utilities provider earns $85.01 million in net income (profit) each year or $5.00 on an earnings per share basis.

How many employees does MYR Group have?

MYR Group employs 7,600 workers across the globe.

Does MYR Group have any subsidiaries?

The following companies are subsidiares of MYR Group: CSI Electrical Contractors Inc., E.S. Boulos Company, GSW Integrated Services LLC, Great Southwestern Construction Inc., Harlan Electric Company, High Country Line Construction Inc., Huen Electric Inc., MYR Energy Services Inc., MYR Equipment LLC, MYR Group Construction Canada Ltd., MYR Real Estate Holdings Alaska LLC, MYR Real Estate Holdings LLC, MYR Transmission Services Canada Ltd., Northern Transmission Services Ltd., Powerline Plus Ltd., Sturgeon Electric California LLC, Sturgeon Electric Company Inc., The L. E. Myers Co., and Western Pacific Enterprises Ltd..

When was MYR Group founded?

MYR Group was founded in 1891.

What is MYR Group's official website?

The official website for MYR Group is www.myrgroup.com.

How can I contact MYR Group?

MYR Group's mailing address is 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL, 60008. The utilities provider can be reached via phone at (303) 286-8000, via email at [email protected], or via fax at 847-290-1892.

This page was last updated on 5/17/2022 by MarketBeat.com Staff

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