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S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
BREAKING: Tiny biotech successfully treats blindness (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Sprinklr Gets Targets Raised By Analysts, Here's Why
Time To Buy Uranium? Cameco Is The Top Pick
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
BREAKING: Tiny biotech successfully treats blindness (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Sprinklr Gets Targets Raised By Analysts, Here's Why
Time To Buy Uranium? Cameco Is The Top Pick
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
BREAKING: Tiny biotech successfully treats blindness (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Sprinklr Gets Targets Raised By Analysts, Here's Why
Time To Buy Uranium? Cameco Is The Top Pick
NASDAQ:MYRG

MYR Group (MYRG) Stock Forecast, Price & News

$139.81
+3.26 (+2.39%)
(As of 06/7/2023 ET)
Compare
Today's Range
$137.32
$140.14
50-Day Range
$117.93
$139.81
52-Week Range
$76.97
$140.14
Volume
123,063 shs
Average Volume
116,397 shs
Market Capitalization
$2.34 billion
P/E Ratio
27.52
Dividend Yield
N/A
Price Target
$118.67

MYR Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
15.1% Downside
$118.67 Price Target
Short Interest
Healthy
1.44% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.76mentions of MYR Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$2.58 M Sold Last Quarter
Proj. Earnings Growth
19.62%
From $5.81 to $6.95 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.16 out of 5 stars

Utilities Sector

53rd out of 87 stocks

Water, Sewer, & Utility Lines Industry

2nd out of 5 stocks


MYRG stock logo

About MYR Group (NASDAQ:MYRG) Stock

MYR Group, Inc. is a holding company, which engages in the provision of electrical construction services. It operates through the Transmission and Distribution (T&D) and Commercial and Industrial (C&I) segments. The T&D segment offers a range of services on electric transmission and distribution networks and substation facilities. The C&I segment includes the design, installation, maintenance and repair of commercial and industrial wiring, installation of traffic networks and the installation of bridge, roadway, and tunnel lighting. The company was founded in 1995 and is headquartered in Thornton, CO.

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MYRG Stock News Headlines

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MYR Group Inc. Announces First-Quarter 2023 Results
MYR Group earnings preview: what Wall Street is expecting
MYR Group (MYRG) to Release Earnings on Wednesday
See More Headlines

MYRG Price History

MYRG Company Calendar

Last Earnings
4/26/2023
Today
6/07/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water, sewer, & utility lines
Sub-Industry
Construction & Engineering
Sector
Utilities
Current Symbol
NASDAQ:MYRG
CUSIP
55405W10
Employees
8,500
Year Founded
1891

Price Target and Rating

Average Stock Price Forecast
$118.67
High Stock Price Forecast
$147.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
-15.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$83.38 million
Pretax Margin
3.67%

Debt

Sales & Book Value

Annual Sales
$3.01 billion
Cash Flow
$8.99 per share
Book Value
$33.74 per share

Miscellaneous

Free Float
16,207,000
Market Cap
$2.34 billion
Optionable
Optionable
Beta
0.99

Social Links


Key Executives

  • Richard S. SwartzRichard S. Swartz
    President, Chief Executive Officer & Director
  • Kelly M. Huntington
    Chief Financial & Accounting Officer & Senior VP
  • Jean A. Luber
    Vice President-Information Technology
  • Tod M. Cooper
    COO-Transmission & Distribution, Senior VP
  • Don A. Egan
    Senior VP, COO-Commercial & Industrial













MYRG Stock - Frequently Asked Questions

Should I buy or sell MYR Group stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MYRG shares.
View MYRG analyst ratings
or view top-rated stocks.

What is MYR Group's stock price forecast for 2023?

2 brokerages have issued 12 month price targets for MYR Group's stock. Their MYRG share price forecasts range from $99.00 to $147.00. On average, they anticipate the company's share price to reach $118.67 in the next twelve months. This suggests that the stock has a possible downside of 15.1%.
View analysts price targets for MYRG
or view top-rated stocks among Wall Street analysts.

How have MYRG shares performed in 2023?

MYR Group's stock was trading at $92.07 at the beginning of 2023. Since then, MYRG stock has increased by 51.9% and is now trading at $139.81.
View the best growth stocks for 2023 here
.

When is MYR Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our MYRG earnings forecast
.

How were MYR Group's earnings last quarter?

MYR Group Inc. (NASDAQ:MYRG) issued its earnings results on Wednesday, April, 26th. The utilities provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.06 by $0.32. The utilities provider had revenue of $811.70 million for the quarter, compared to analysts' expectations of $721.13 million. MYR Group had a trailing twelve-month return on equity of 15.58% and a net margin of 2.70%. The business's revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 EPS.

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.

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (17.93%), Dimensional Fund Advisors LP (6.34%), Macquarie Group Ltd. (4.89%), Principal Financial Group Inc. (4.03%), State Street Corp (3.53%) and Victory Capital Management Inc. (3.14%). Insiders that own company stock include Betty R Johnson, Betty R Wynn, Jeffrey J Waneka, Jennifer Elaine Lowry, Marc Prieur, Maurice E Moore, Richard S Jr Swartz, Tod M Cooper 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 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 $139.81.

How much money does MYR Group make?

MYR Group (NASDAQ:MYRG) has a market capitalization of $2.34 billion and generates $3.01 billion in revenue each year. The utilities provider earns $83.38 million in net income (profit) each year or $5.08 on an earnings per share basis.

How many employees does MYR Group have?

The company employs 8,500 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..
Read More
How can I contact MYR Group?

MYR Group's mailing address is 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL, 60008. The official website for the company is www.myrgroup.com. The utilities provider can be reached via phone at (303) 286-8000, via email at investorinfo@myrgroup.com, or via fax at 847-290-1892.

This page (NASDAQ:MYRG) was last updated on 6/8/2023 by MarketBeat.com Staff

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