MYR Group (MYRG) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MYRG shares.
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3 Wall Street research analysts have issued 12-month price targets for MYR Group's stock. Their MYRG share price forecasts range from $99.00 to $170.00. On average, they expect the company's stock price to reach $144.00 in the next year. This suggests a possible upside of 6.3% from the stock's current price.
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MYR Group's stock was trading at $92.07 at the start of the year. Since then, MYRG shares have increased by 47.1% and is now trading at $135.47.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
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MYR Group Inc. (NASDAQ:MYRG) released its quarterly earnings data on Wednesday, July, 26th. The utilities provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.28 by $0.05. The utilities provider had revenue of $888.60 million for the quarter, compared to analyst estimates of $781.66 million. MYR Group had a net margin of 2.63% and a trailing twelve-month return on equity of 15.53%. The firm's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.15 earnings per share.

ETFs with the largest weight of MYR Group (NASDAQ:MYRG) stock in their portfolio include SoFi Smart Energy ETF (SHFT), SoFi Smart Energy ETF (ENRG), Invesco Dorsey Wright Industrials Momentum ETF (PRN), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco WilderHill Clean Energy ETF (PBW), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Inspire Fidelis Multi Factor ETF (FDLS) and Janus Henderson Small Cap Growth Alpha ETF (JSML).

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.

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

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

MYR Group's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (18.25%), Dimensional Fund Advisors LP (5.86%), Principal Financial Group Inc. (4.02%), State Street Corp (3.56%), Bank Julius Baer & Co. Ltd Zurich (2.90%) and Geode Capital Management LLC (2.01%). 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.
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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.
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One share of MYRG stock can currently be purchased for approximately $135.47.

MYR Group (NASDAQ:MYRG) has a market capitalization of $2.26 billion and generates $3.01 billion in revenue each year. The utilities provider earns $83.38 million in net income (profit) each year or $5.26 on an earnings per share basis.

The company employs 8,500 workers across the globe.

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.