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NASDAQ:MYRG

MYR Group (MYRG) Stock Price, News & Analysis

$94.04
+4.11 (+4.57%)
(As of 09/11/2024 ET)
Today's Range
$88.41
$94.28
50-Day Range
$88.59
$150.09
52-Week Range
$86.60
$181.02
Volume
208,055 shs
Average Volume
166,953 shs
Market Capitalization
$1.58 billion
P/E Ratio
18.22
Dividend Yield
N/A
Price Target
$147.75

MYR Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
57.1% Upside
$147.75 Price Target
Short Interest
Healthy
3.39% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.28mentions of MYR Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
86.50%
From $3.11 to $5.80 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.87 out of 5 stars

Utilities Sector

27th out of 91 stocks

Water, Sewer, & Utility Lines Industry

1st out of 4 stocks

MYRG stock logo

About MYR Group Stock (NASDAQ:MYRG)

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. 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 intelligent transportation systems, roadway lighting, and signalization for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, and electric vehicle charging infrastructure. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Thornton, Colorado.

MYRG Stock Price History

MYRG Stock News Headlines

MYR Group (NASDAQ:MYRG) Upgraded at StockNews.com
“Why I don’t care if the Fed cuts rates” - SYKES
In on Friday out by Monday Over the past decade I’ve made millions of dollars with a strategy I call Weekend Trading. It’s the best strategy I know of - because it revolves around making a quick trade right before the market closes on Friday afternoon… And closing the trade when the market opens the following Monday.
MYR GROUP INC. (DEL.) (MYP.BE)
MYR Group (NASDAQ:MYRG) Downgraded by StockNews.com
“Why I don’t care if the Fed cuts rates” - SYKES
In on Friday out by Monday Over the past decade I’ve made millions of dollars with a strategy I call Weekend Trading. It’s the best strategy I know of - because it revolves around making a quick trade right before the market closes on Friday afternoon… And closing the trade when the market opens the following Monday.
MYRG Sep 2024 90.000 put (MYRG240920P00090000)
MYRG Jan 2025 115.000 put (MYRG250117P00115000)
MYRG Aug 2024 190.000 call
MYRG Aug 2024 110.000 put
MYRG Oct 2024 115.000 call
See More Headlines
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Company Calendar

Last Earnings
7/31/2024
Today
9/11/2024
Next Earnings (Estimated)
10/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Water, sewer, & utility lines
Sub-Industry
Construction & Engineering
Current Symbol
NASDAQ:MYRG
CUSIP
55405W10
Employees
9,000
Year Founded
1891

Price Target and Rating

Average Stock Price Target
$147.75
High Stock Price Target
$165.00
Low Stock Price Target
$119.00
Potential Upside/Downside
+57.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$90.99 million
Pretax Margin
1.88%

Debt

Sales & Book Value

Annual Sales
$3.59 billion
Cash Flow
$9.54 per share
Book Value
$38.97 per share

Miscellaneous

Free Float
16,463,000
Market Cap
$1.58 billion
Optionable
Optionable
Beta
0.93

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Key Executives

  • Mr. Richard S. Swartz Jr.Mr. Richard S. Swartz Jr. (Age 60)
    President, CEO & Director
    Comp: $1.97M
  • Ms. Kelly Michelle Huntington C.F.A. (Age 49)
    Senior VP & CFO
    Comp: $1.02M
  • Mr. William F. Fry (Age 49)
    Senior VP, Chief Legal Officer & Secretary
    Comp: $799.85k
  • Mr. Don A. Egan (Age 53)
    Senior VP & COO of Commercial and Industrial
    Comp: $904.37k
  • Mr. A. James Barrett
    Vice President of Human Resources
  • Mr. Brian K. Stern
    Senior VP & COO of Transmission & Distribution
  • Ms. Jennifer L. Harper
    VP & Treasurer
  • D. Scott Lamont
    President of Harlan Electric Co, E.S. Boulos Co & The L.E. Myers Co
  • R. Clay Thomson
    President of High Country Line Construction, Inc
  • Steven M. Watts
    Chief Executive Officer of CSI Electrical Contractors, Inc.

MYRG Stock Analysis - Frequently Asked Questions

How have MYRG shares performed this year?

MYR Group's stock was trading at $144.63 at the start of the year. Since then, MYRG shares have decreased by 35.0% and is now trading at $94.04.
View the best growth stocks for 2024 here
.

How were MYR Group's earnings last quarter?

MYR Group Inc. (NASDAQ:MYRG) announced its quarterly earnings results on Wednesday, July, 31st. The utilities provider reported ($0.91) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by $1.98. The business's revenue was down 6.7% on a year-over-year basis.

What is Richard Swartz's approval rating as MYR Group's CEO?

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

Does MYR Group have any subsidiaries?

The following companies are subsidiaries of MYR Group: CSI Electrical Contractors Inc., Huen Electric Inc., Western Pacific Enterprises Ltd., High Country Line Construction Inc., E.S. Boulos Company, Great Southwestern Construction Inc., GSW Integrated Services LLC, and more.

Who are MYR Group's major shareholders?

Top institutional shareholders of MYR Group include Dimensional Fund Advisors LP (3.40%), Victory Capital Management Inc. (2.61%), Principal Financial Group Inc. (2.48%) and Swedbank AB (1.50%). Insiders that own company stock include Richard S Jr Swartz, Betty R Johnson, Betty R Wynn, Tod M Cooper, Jeffrey J Waneka, Maurice E Moore, Jennifer Elaine Lowry, William Fry and William A Koertner.
View institutional ownership trends
.

How do I buy shares of MYR Group?

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

What other stocks do shareholders of MYR Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MYR Group investors own include Alibaba Group (BABA), The Ensign Group (ENSG), Innovative Industrial Properties (IIPR), Walt Disney (DIS), Alphabet (GOOG), Gilead Sciences (GILD) and JPMorgan Chase & Co. (JPM).

This page (NASDAQ:MYRG) was last updated on 9/12/2024 by MarketBeat.com Staff

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