NASDAQ:MYRG

MYR Group - MYRG Stock Forecast, Price & News

$84.73

-0.69 (-0.81%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $84.65
▼
$87.51
50-Day Range: $84.73
▼
$99.93
52-Week Range: $74.77
▼
$121.22

Volume: 148,895 shs
Average Volume: 75,122 shs
Market Capitalization: $1.41 billion

P/E Ratio: 17.26
Dividend Yield: N/A
Price Target: $110.00

MYR Group MarketRank™ Forecast

Analyst Rating: N/A
0.00 Rating Score
Upside/Downside: 29.8% Upside
$110.00 Price Target
Short Interest: Healthy
1.64% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.75
Based on 4 Articles This Week
Insider Trading: Selling Shares
$1.59 M Sold Last Quarter
Proj. Earnings Growth: 13.67%
From $4.90 to $5.57 Per Share

Overall MarketRank^™

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

2.41 out of 5 stars

Utilities Sector

42nd out of 88 stocks

Water, Sewer, & Utility Lines Industry

5th out of 6 stocks

2.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $110.00, MYR Group has a forecasted upside of 29.8% from its current price of $84.73.
Amount of Analyst Coverage
MYR Group has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.64% of the float of MYR Group has been sold short.
Short Interest Ratio / Days to Cover
MYR Group has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in MYR Group has recently decreased by 6.22%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
MYR Group does not currently pay a dividend.
Dividend Growth
MYR Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MYRG.

3.2

News and Social Media Coverage

News Sentiment
MYR Group has a news sentiment score of 1.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.37 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for MYR Group this week, compared to 1 article on an average week.
MarketBeat Follows
Only 2 people have added MYR Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MYR Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,588,678.00 in company stock.
Percentage Held by Insiders
Only 2.80% of the stock of MYR Group is held by insiders.
Percentage Held by Institutions
87.57% of the stock of MYR Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for MYR Group are expected to grow by 13.67% in the coming year, from $4.90 to $5.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MYR Group is 17.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.20.
Price to Earnings Ratio vs. Sector
The P/E ratio of MYR Group is 17.26, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 101.69.
Price to Book Value per Share Ratio
MYR Group has a P/B Ratio of 2.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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, renewable power facilities, and limited gas construction services, as well as emergency restoration services in response to hurricane, ice, or other storm 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 traffic networks, bridge, roadway, and tunnel lighting for airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, 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 Henderson, Colorado.

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MYRG Stock News Headlines

September 28, 2022 | seekingalpha.com

MYR Group: Best Near-Term Electrical Infrastructure Cap-Gain Wealth-Builder

August 26, 2022 | finance.yahoo.com

MYR Group (NASDAQ:MYRG) Might Have The Makings Of A Multi-Bagger

August 24, 2022 | finance.yahoo.com

MYR Group Inc. to Attend D.A. Davidson Investor Conference in September

August 23, 2022 | finance.yahoo.com

MYR Group Inc. to Attend Sidoti & Company Small-Cap Virtual Investor Conference

July 29, 2022 | seekingalpha.com

MYR Group Inc. (MYRG) CEO Rich Swartz on Q2 2022 Results - Earnings Call Transcript

July 29, 2022 | msn.com

Looking Into MYR Group's Return On Invested Capital

July 27, 2022 | msn.com

MYR Group: Q2 Earnings Insights

July 27, 2022 | finance.yahoo.com

MYR Group (MYRG) Q2 Earnings and Revenues Beat Estimates

July 18, 2022 | finance.yahoo.com

Is Now The Time To Put MYR Group (NASDAQ:MYRG) On Your Watchlist?

July 13, 2022 | finance.yahoo.com

MYR Group Inc. Announces Second-Quarter 2022 Earnings Release and Conference Call Schedule

June 22, 2022 | finance.yahoo.com

MYR Group Inc.'s (NASDAQ:MYRG) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

May 30, 2022 | finance.yahoo.com

MYR Group Inc. (NASDAQ:MYRG) Shares Could Be 33% Below Their Intrinsic Value Estimate

May 17, 2022 | seekingalpha.com

MYR Group: Best Infrastructure Contractor Seen By Market-Makers

May 16, 2022 | finance.yahoo.com

MYR Group Inc. to Participate in Sidoti Summer Small Cap Virtual Conference

May 16, 2022 | finance.yahoo.com

MYR Group Inc. to Participate in Sidoti Summer Small Cap Virtual Conference

May 12, 2022 | finance.yahoo.com

MYR Group (NASDAQ:MYRG) stock performs better than its underlying earnings growth over last five years

May 5, 2022 | finance.yahoo.com

MYR Group Inc. to Attend Stifel Cross Sector Insight Conference

May 4, 2022 | finance.yahoo.com

MYR Group Inc. Announces New $75 Million Share Repurchase Program

May 4, 2022 | finance.yahoo.com

Down 14.4% in 4 Weeks, Here's Why You Should You Buy the Dip in MYR (MYRG)

May 3, 2022 | finance.yahoo.com

MYR Group Inc. to Participate in KeyBanc Capital Markets Industrials & Basic Materials Conference

May 3, 2022 | finance.yahoo.com

MYR Group Inc. to Participate in KeyBanc Capital Markets Industrials & Basic Materials Conference

April 29, 2022 | benzinga.com

MYR Group's Return On Capital Employed Insights

April 29, 2022 | finance.yahoo.com

After Plunging 12.6% in 4 Weeks, Here's Why the Trend Might Reverse for MYR (MYRG)

April 28, 2022 | seekingalpha.com

MYR stock slips despite Q1 earnings beat

April 28, 2022 | seekingalpha.com

MYR Group Inc. (MYRG) CEO Rich Swartz on Q1 2022 Results - Earnings Call Transcript

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MYRG Company Calendar

Last Earnings: 7/27/2022
Today: 10/02/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Water, sewer, & utility lines
Sub-Industry: Construction & Engineering
Sector: Utilities
Current Symbol: NASDAQ:MYRG
CUSIP: 55405W10
CIK: 700923
Web: www.myrgroup.com
Phone: (303) 286-8000
Fax: 847-290-1892
Employees: 7,600
Year Founded: 1891

Price Target and Rating

Average Stock Price Forecast: $110.00
High Stock Price Forecast: $110.00
Low Stock Price Forecast: $110.00
Forecasted Upside/Downside: +29.8%
Consensus Rating: N/A
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.91
Trailing P/E Ratio: 17.26
Forward P/E Ratio: 17.29
P/E Growth: N/A
Net Income: $85.01 million
Net Margins: 3.24%
Pretax Margin: 4.33%
Return on Equity: 16.18%
Return on Assets: 7.24%

Debt

Debt-to-Equity Ratio: 0.11
Current Ratio: 1.39
Quick Ratio: 1.39

Sales & Book Value

Annual Sales: $2.50 billion
Price / Sales: 0.57
Cash Flow: $7.72 per share
Price / Cash Flow: 10.98
Book Value: $30.77 per share
Price / Book: 2.75

Miscellaneous

Outstanding Shares: 16,660,000
Free Float: 16,191,000
Market Cap: $1.41 billion
Optionable: Optionable
Beta: 1.09

Social Links

Key Executives

Mr. Richard S. Swartz Jr. (Age 58)
Pres, CEO & Director
Comp: $2.24M

Ms. Betty R. Johnson (Age 64)
Sr. VP & CFO
Comp: $1.13M

Mr. William F. Fry (Age 47)
VP, Chief Legal Officer & Sec.
Comp: $947.24k

Mr. Tod M. Cooper (Age 57)
Sr. VP & COO of Transmission and Distribution
Comp: $1.18M

Mr. Jeffrey J. Waneka (Age 60)
Sr. VP and COO of Commercial & Industrial
Comp: $1.01M

Mr. A. James Barrett
VP of HR

Ms. Jennifer L. Harper
VP & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MYRG Stock - Frequently Asked Questions

What is MYR Group's stock price forecast for 2022?: 0 analysts have issued 12-month price objectives for MYR Group's shares. Their MYRG share price forecasts range from $110.00 to $110.00. On average, they expect the company's share price to reach $110.00 in the next year. This suggests a possible upside of 29.8% 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 2022?: MYR Group's stock was trading at $110.55 on January 1st, 2022. Since then, MYRG shares have decreased by 23.4% and is now trading at $84.73.
View the best growth stocks for 2022 here.
When is MYR Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our MYRG earnings forecast.
How were MYR Group's earnings last quarter?: MYR Group Inc. (NASDAQ:MYRG) issued its quarterly earnings results on Wednesday, July, 27th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.10 by $0.05. The utilities provider earned $708.11 million during the quarter, compared to analyst estimates of $681.15 million. MYR Group had a trailing twelve-month return on equity of 16.18% and a net margin of 3.24%. MYR Group's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS.
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?: 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).

What is MYR Group's stock symbol?: MYR Group trades on the NASDAQ under the ticker symbol "MYRG."
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 $84.73.
How much money does MYR Group make?: MYR Group (NASDAQ:MYRG) has a market capitalization of $1.41 billion and generates $2.50 billion in revenue each year. The utilities provider earns $85.01 million in net income (profit) each year or $4.91 on an earnings per share basis.
How many employees does MYR Group have?: The company employs 7,600 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 10/2/2022 by MarketBeat.com Staff

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MYR Group - MYRG Stock Forecast, Price & News

MYR Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month