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

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

MYR Group announced that its Board of Directors has authorized a share buyback program on Thursday, August 3rd 2017, which allows the company to buyback $20,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

MYR Group Inc (NASDAQ:MYRG) announced its earnings results on Wednesday, March, 6th. The utilities provider reported $0.64 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.51 by $0.13. The utilities provider had revenue of $446.30 million for the quarter, compared to analysts' expectations of $394.98 million. MYR Group had a net margin of 2.03% and a return on equity of 9.81%. The business's revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. View MYR Group's Earnings History.

MYR Group is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for MYR Group.

6 brokers have issued 12-month price targets for MYR Group's stock. Their forecasts range from $34.00 to $41.00. On average, they anticipate MYR Group's stock price to reach $38.00 in the next year. This suggests a possible upside of 4.1% from the stock's current price. View Analyst Price Targets for MYR Group.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MYR Group.

Media stories about MYRG stock have trended somewhat positive on Monday, according to InfoTrie. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. MYR Group earned a news impact score of 1.1 on InfoTrie's scale. They also gave news stories about the utilities provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next several days.

Some companies that are related to MYR Group include El Paso Electric (EE), TransAlta (TA), Shenandoah Telecommunications (SHEN), MGE Energy (MGEE), Pampa Energia (PAM), Infratil (IFT), Pattern Energy Group (PEGI), Otter Tail (OTTR), Atlantica Yield (AY), Innergex Renewable Energy (INE), Northwest Natural (NWN), COMPANHIA ENERG/S (CESDY), TransAlta (TAC), SJW Group (SJW) and Boralex (BLX).

Based on aggregate information from My MarketBeat watchlists, some companies that other MYR Group investors own include Baxter International (BAX), Gilead Sciences (GILD), Visa (V), Celgene (CELG), Pfizer (PFE), Churchill Downs (CHDN), QUALCOMM (QCOM), Micron Technology (MU), Omnicell (OMCL) and MONDI/PAR VTG FPD 0.2 (MNDI).

MYR Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.93%), Victory Capital Management Inc. (9.39%), Macquarie Group Ltd. (8.27%), Investment Counselors of Maryland LLC (4.05%), Thomson Horstmann & Bryant Inc. (1.76%) and Bank of New York Mellon Corp (1.16%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Jeffrey J Waneka, Kenneth Michael Hartwick, William A Koertner and William Patterson. View Institutional Ownership Trends for MYR Group.

MYRG stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., First Trust Advisors LP, D. E. Shaw & Co. Inc., Thomson Horstmann & Bryant Inc., Los Angeles Capital Management & Equity Research Inc., Prudential Financial Inc., Two Sigma Advisers LP and ClariVest Asset Management LLC. Company insiders that have sold MYR Group company stock in the last year include Gary Ronald Johnson, Gerald B Jr Engen, Jeffrey J Waneka and William A Koertner. View Insider Buying and Selling for MYR Group.

MYRG stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Macquarie Group Ltd., Municipal Employees Retirement System of Michigan, Bank of America Corp DE, Squarepoint Ops LLC, Investment Counselors of Maryland LLC, Geode Capital Management LLC and Geode Capital Management LLC. View Insider Buying and Selling for 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.

One share of MYRG stock can currently be purchased for approximately $36.50.

MYR Group has a market capitalization of $605.90 million and generates $1.53 billion in revenue each year. The utilities provider earns $31.09 million in net income (profit) each year or $1.87 on an earnings per share basis. MYR Group employs 5,275 workers across the globe.

The official website for MYR Group is http://www.myrgroup.com.

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]