NASDAQ:MYRG - MYR Group Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$34.80 +0.62 (+1.81 %)
(As of 08/17/2018 04:00 PM ET)
Previous Close$34.80
Today's Range$33.79 - $34.91
52-Week Range$23.00 - $40.81
Volume81,330 shs
Average Volume91,959 shs
Market Capitalization$595.20 million
P/E Ratio42.96
Dividend YieldN/A
Beta0.52
MYR Group logoMYR 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 and the renewable energy industries. Its services include construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems; and 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 services, such as design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting. This segment offers its services for airports, hospitals, data centers, hotels, stadiums, convention centers, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. It serves general contractors, commercial and industrial facility owners, local governments, and developers. MYR Group Inc. was founded in 1891 and is headquartered in Rolling Meadows, Illinois.

Receive MYRG News and Ratings via Email

Sign-up to receive the latest news and ratings for MYRG and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Water, sewer, & utility lines
Sub-IndustryConstruction & Engineering
SectorUtilities
SymbolNASDAQ:MYRG
CUSIP55405W10
Phone847-290-1891

Debt

Debt-to-Equity Ratio0.20
Current Ratio1.86
Quick Ratio1.86

Price-To-Earnings

Trailing P/E Ratio42.96
Forward P/E Ratio18.61
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.40 billion
Price / Sales0.41
Cash Flow$3.0553 per share
Price / Cash11.39
Book Value$17.44 per share
Price / Book2.00

Profitability

EPS (Most Recent Fiscal Year)$0.81
Net Income$21.15 million
Net Margins2.18%
Return on Equity7.81%
Return on Assets3.71%

Miscellaneous

Employees5,275
Outstanding Shares16,570,000
Market Cap$595.20 million

MYR Group (NASDAQ:MYRG) Frequently Asked Questions

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 announced that its board has authorized a share repurchase program on Thursday, August 3rd 2017, which authorizes the company to buyback $20,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

How were MYR Group's earnings last quarter?

MYR Group Inc (NASDAQ:MYRG) posted its earnings results on Wednesday, August, 1st. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. The utilities provider earned $339.68 million during the quarter, compared to the consensus estimate of $364.65 million. MYR Group had a net margin of 2.18% and a return on equity of 7.81%. MYR Group's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. View MYR Group's Earnings History.

When is MYR Group's next earnings date?

MYR Group is scheduled to release their next quarterly earnings announcement on Wednesday, November, 7th 2018. View Earnings Estimates for MYR Group.

What price target have analysts set for MYRG?

6 analysts have issued 1-year price objectives for MYR Group's shares. Their forecasts range from $28.00 to $42.00. On average, they anticipate MYR Group's stock price to reach $37.80 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price. View Analyst Price Targets for MYR Group.

What is the consensus analysts' recommendation for MYR Group?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MYR Group.

Who are some of MYR Group's key competitors?

Some companies that are related to MYR Group include MasTec (MTZ), Dycom Industries (DY), Primoris Services (PRIM), Aegion (AEGN) and Preformed Line Products (PLPC).

Who are MYR Group's key executives?

MYR Group's management team includes the folowing people:
  • Mr. Richard S. Swartz Jr., Pres & CEO (Age 54)
  • Ms. Betty R. Johnson, Sr. VP, CFO & Treasurer (Age 60)
  • Mr. Gerald B. Engen Jr., Sr. VP, Chief Legal Officer & Sec. (Age 67)
  • Mr. William A. Koertner M.B.A., Director (Age 68)
  • Mr. Tod M. Cooper, Sr. VP & COO of Transmission and Distribution (Age 53)

Has MYR Group been receiving favorable news coverage?

Media coverage about MYRG stock has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MYR Group earned a news and rumor sentiment score of 0.06 on Accern's scale. They also gave media coverage about the utilities provider an impact score of 47.51 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for MYR Group.

Who are MYR Group's major shareholders?

MYR Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.41%), Dimensional Fund Advisors LP (8.33%), Victory Capital Management Inc. (7.82%), Macquarie Group Ltd. (6.76%), Third Avenue Management LLC (1.72%) and Waddell & Reed Financial Inc. (1.45%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Henry W Fayne, Jack L Alexander, Jeffrey J Waneka, Kenneth Michael Hartwick, Richard S Jr Swartz, Tod M Cooper, William A Koertner and William Patterson. 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 Corbyn Investment Management Inc. MD, Waddell & Reed Financial Inc., First Trust Advisors LP, Fisher Asset Management LLC, California Public Employees Retirement System, Rice Hall James & Associates LLC, US Bancorp DE and Bank of New York Mellon Corp. Company insiders that have sold MYR Group company stock in the last year include Jeffrey J Waneka and William A Koertner. View Insider Buying and Selling for MYR Group.

Which institutional investors are buying MYR Group stock?

MYRG stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Macquarie Group Ltd., Victory Capital Management Inc., Renaissance Technologies LLC, Third Avenue Management LLC, Millennium Management LLC, Acadian Asset Management LLC and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for MYR Group.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is MYR Group's stock price today?

One share of MYRG stock can currently be purchased for approximately $34.80.

How big of a company is MYR Group?

MYR Group has a market capitalization of $595.20 million and generates $1.40 billion in revenue each year. The utilities provider earns $21.15 million in net income (profit) each year or $0.81 on an earnings per share basis. MYR Group employs 5,275 workers across the globe.

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 847-290-1891 or via email at [email protected]


MarketBeat Community Rating for MYR Group (NASDAQ MYRG)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  217 (Vote Outperform)
Underperform Votes:  249 (Vote Underperform)
Total Votes:  466
MarketBeat's community ratings are surveys of what our community members think about MYR Group and other stocks. Vote "Outperform" if you believe MYRG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MYRG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/18/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.