MYR Group - MYRG Stock Forecast, Price & News

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

2 brokerages have issued 1-year price objectives for MYR Group's shares. Their MYRG share price forecasts range from $95.00 to $110.00. On average, they anticipate the company's stock price to reach $101.33 in the next twelve months. This suggests a possible upside of 3.5% from the stock's current price.
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MYR Group's stock was trading at $92.07 at the beginning of the year. Since then, MYRG stock has increased by 6.4% and is now trading at $97.94.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our MYRG earnings forecast.

MYR Group Inc. (NASDAQ:MYRG) issued its quarterly earnings data on Wednesday, October, 27th. The utilities provider reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.16. The utilities provider had revenue of $610.18 million for the quarter, compared to the consensus estimate of $645.95 million. MYR Group had a trailing twelve-month return on equity of 14.98% and a net margin of 2.85%. The business's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 earnings per share.

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 a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.67%), Ziegler Capital Management LLC (0.47%), Assenagon Asset Management S.A. (0.23%), Rice Hall James & Associates LLC (0.19%), Yousif Capital Management LLC (0.06%) and Comerica Bank (0.06%). Insiders that own company stock include Betty R Johnson, Marc Prieur, Richard S Jr Swartz, Tod M Cooper and William A Koertner.
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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 $97.94.

MYR Group (NASDAQ:MYRG) has a market capitalization of $1.63 billion and generates $2.50 billion in revenue each year. The utilities provider earns $85.01 million in net income (profit) each year or $4.65 on an earnings per share basis.

The company employs 7,600 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.