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DOW   33,963.84
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3 Reasons This Sleeping Giant Is About To Wake Up
Laser breakthrough could send stock soaring 2,467% (Ad)
MarketBeat Week in Review – 9/18 - 9/22
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
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New Breakthrough "Living Software" Has Been… (Ad)
Auto workers still have room to expand their strike against car makers. But they also face risks
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
Laser breakthrough could send stock soaring 2,467% (Ad)
MarketBeat Week in Review – 9/18 - 9/22
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
New Breakthrough "Living Software" Has Been… (Ad)
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
New Breakthrough "Living Software" Has Been… (Ad)
Auto workers still have room to expand their strike against car makers. But they also face risks
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
Laser breakthrough could send stock soaring 2,467% (Ad)
MarketBeat Week in Review – 9/18 - 9/22
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
New Breakthrough "Living Software" Has Been… (Ad)
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
New Breakthrough "Living Software" Has Been… (Ad)
Auto workers still have room to expand their strike against car makers. But they also face risks
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
Laser breakthrough could send stock soaring 2,467% (Ad)
MarketBeat Week in Review – 9/18 - 9/22
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
New Breakthrough "Living Software" Has Been… (Ad)
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
New Breakthrough "Living Software" Has Been… (Ad)
Auto workers still have room to expand their strike against car makers. But they also face risks
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
NASDAQ:MYRG

MYR Group (MYRG) Stock Forecast, Price & News

$135.47
-1.02 (-0.75%)
(As of 09/22/2023 ET)
Compare
Today's Range
$135.40
$137.46
50-Day Range
$135.47
$151.61
52-Week Range
$76.97
$156.63
Volume
90,310 shs
Average Volume
95,489 shs
Market Capitalization
$2.26 billion
P/E Ratio
25.75
Dividend Yield
N/A
Price Target
$144.00

MYR Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
6.3% Upside
$144.00 Price Target
Short Interest
Healthy
1.28% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.59mentions of MYR Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$3.09 M Sold Last Quarter
Proj. Earnings Growth
19.80%
From $5.86 to $7.02 Per Share

Overall MarketRank

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

2.03 out of 5 stars

Utilities Sector

65th out of 85 stocks

Water, Sewer, & Utility Lines Industry

3rd out of 5 stocks


MYRG stock logo

About MYR Group (NASDAQ:MYRG) Stock

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 limited gas construction services, as well as emergency restoration services in response to 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 and transportation control, and management systems.. 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 Price History

MYRG Stock News Headlines

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MYR Group: Driving The Energy Transition
MYR Group Inc. Announces First-Quarter 2023 Results
MYR Group earnings preview: what Wall Street is expecting
See More Headlines
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MYRG Company Calendar

Last Earnings
7/26/2023
Today
9/23/2023
Next Earnings (Estimated)
10/25/2023
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
$144.00
High Stock Price Forecast
$170.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
+6.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$83.38 million
Pretax Margin
3.58%

Debt

Sales & Book Value

Annual Sales
$3.01 billion
Cash Flow
$8.46 per share
Book Value
$33.74 per share

Miscellaneous

Free Float
16,209,000
Market Cap
$2.26 billion
Optionable
Optionable
Beta
1.01

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Key Executives

  • Mr. Richard S. Swartz Jr.Mr. Richard S. Swartz Jr. (Age 59)
    Pres, CEO & Director
    Comp: $1.98M
  • Mr. William F. Fry (Age 48)
    VP, Chief Legal Officer & Sec.
    Comp: $852.18k
  • Mr. Tod M. Cooper (Age 58)
    Sr. VP and COO of Transmission & Distribution
    Comp: $1.14M
  • Ms. Kelly Michelle Huntington C.F.A. (Age 48)
    CFA, Sr. VP, CFO, Principal Financial Officer & Principal Accounting Officer
  • Mr. A. James Barrett
    VP of HR
  • Mr. Don A. Egan
    Sr. VP & COO of Commercial and Industrial
  • Ms. Jennifer L. Harper
    VP & Treasurer













MYRG Stock - Frequently Asked Questions

Should I buy or sell MYR Group stock right now?

3 Wall Street 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 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 forecast for 2023?

3 equities research analysts have issued 12 month price objectives for MYR Group's shares. Their MYRG share price forecasts range from $99.00 to $170.00. On average, they anticipate the company's stock price to reach $144.00 in the next twelve months. This suggests a possible upside of 6.3% 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 2023?

MYR Group's stock was trading at $92.07 at the beginning of the year. Since then, MYRG shares have increased by 47.1% and is now trading at $135.47.
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, October 25th 2023.
View our MYRG earnings forecast
.

How were MYR Group's earnings last quarter?

MYR Group Inc. (NASDAQ:MYRG) released its quarterly earnings data on Wednesday, July, 26th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.05. The utilities provider had revenue of $888.60 million for the quarter, compared to analysts' expectations of $781.66 million. MYR Group had a trailing twelve-month return on equity of 15.53% and a net margin of 2.63%. MYR Group's revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 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?
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 a number of 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.
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 $135.47.

How much money does MYR Group make?

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.

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 9/23/2023 by MarketBeat.com Staff

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