NASDAQ:MYRG

MYR Group (MYRG) Stock Price, News & Analysis

$159.84
+1.13 (+0.71%)
(As of 04/22/2024 ET)
Today's Range
$159.35
$161.84
50-Day Range
$149.95
$178.21
52-Week Range
$110.87
$181.02
Volume
83,026 shs
Average Volume
110,076 shs
Market Capitalization
$2.68 billion
P/E Ratio
29.49
Dividend Yield
N/A
Price Target
$170.75

MYR Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
6.8% Upside
$170.75 Price Target
Short Interest
Healthy
2.68% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.04mentions of MYR Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
21.54%
From $6.64 to $8.07 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.

1.92 out of 5 stars

Utilities Sector

70th out of 88 stocks

Water, Sewer, & Utility Lines Industry

5th out of 5 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

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The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.
MYR Group: Demand Tailwinds And EPS Growth
Healthcare Takes A Big Step Forward With The Help Of AI
The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.
Is MYR Group (MYRG) a High-Quality Business?
MYRG Mar 2024 150.000 put
MYRG Oct 2024 160.000 call
MYRG Mar 2024 80.000 put
Q4 2023 MYR Group Inc Earnings Call
Recap: MYR Group Q4 Earnings
MYR Group Inc.
Sidoti & Co. Downgrades MYR Group (MYRG)
4 Clean Energy Stocks That Have Defied the Odds
4 Clean Energy Stocks That Have Defied the Odds
Sidoti gets more bearish on MYR Group, downgrades shares
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/01/2024
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
$170.75
High Stock Price Target
$184.00
Low Stock Price Target
$164.00
Potential Upside/Downside
+6.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$90.99 million
Pretax Margin
3.43%

Debt

Sales & Book Value

Annual Sales
$3.64 billion
Cash Flow
$9.05 per share
Book Value
$38.97 per share

Miscellaneous

Free Float
16,438,000
Market Cap
$2.68 billion
Optionable
Optionable
Beta
1.08

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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

Should I buy or sell MYR Group stock right now?

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

What is MYR Group's stock price target for 2024?

4 Wall Street analysts have issued twelve-month price objectives for MYR Group's shares. Their MYRG share price targets range from $164.00 to $184.00. On average, they predict the company's stock price to reach $170.75 in the next year. This suggests a possible upside of 6.8% from the stock's current price.
View analysts price targets for MYRG
or view top-rated stocks among Wall Street analysts.

How have MYRG shares performed in 2024?

MYR Group's stock was trading at $144.63 at the beginning of 2024. Since then, MYRG shares have increased by 10.5% and is now trading at $159.84.
View the best growth stocks for 2024 here
.

When is MYR Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our MYRG earnings forecast
.

How can I listen to MYR Group's earnings call?

MYR Group will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were MYR Group's earnings last quarter?

MYR Group Inc. (NASDAQ:MYRG) announced its quarterly earnings results on Wednesday, February, 28th. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. The utilities provider had revenue of $1 billion for the quarter, compared to analyst estimates of $904.76 million. MYR Group had a net margin of 2.50% and a trailing twelve-month return on equity of 14.80%. The firm's quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 earnings per share.

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?
Who are MYR Group's major shareholders?

MYR Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.28%), State of Alaska Department of Revenue (0.06%), Los Angeles Capital Management LLC (0.03%), Bridge City Capital LLC (0.03%), First Bank & Trust (0.01%) and Contravisory Investment Management Inc. (0.01%). 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, William A Koertner and William Fry.
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.

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..
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This page (NASDAQ:MYRG) was last updated on 4/23/2024 by MarketBeat.com Staff

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