NASDAQ:MYRG - MYR Group Stock Price, Price Target & More

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

MYR Group declared that its board has authorized a stock buyback plan on Thursday, August 3rd 2017, which authorizes the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

MYR Group Inc (NASDAQ:MYRG) released its quarterly earnings results on Wednesday, May, 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.17. The utilities provider had revenue of $345.60 million for the quarter, compared to the consensus estimate of $320.64 million. MYR Group had a net margin of 1.77% and a return on equity of 6.06%. MYR Group's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 EPS. View MYR Group's Earnings History.

MYR Group is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for MYR Group.

6 Wall Street analysts have issued 12-month price objectives for MYR Group's shares. Their predictions range from $28.00 to $42.00. On average, they anticipate MYR Group's share price to reach $34.60 in the next twelve months. View Analyst Ratings for MYR Group.

Some companies that are related to MYR Group include MasTec (MTZ), Dycom Industries (DY), Primoris Services (PRIM), Aegion (AEGN) and Preformed Line Products (PLPC).

Headlines about MYRG stock have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. MYR Group earned a daily sentiment score of 0.20 on Accern's scale. They also gave media stories about the utilities provider an impact score of 45.05 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.

MYR Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.28%), Dimensional Fund Advisors LP (8.40%), Victory Capital Management Inc. (7.27%), JPMorgan Chase & Co. (3.49%), Thomson Horstmann & Bryant Inc. (2.00%) and Corbyn Investment Management Inc. MD (1.66%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Henry W Fayne, Jack L Alexander, Jeffrey J Waneka, Kenneth Michael Hartwick, Richard S Jr Swartz, Tod M Cooper, 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 Thrivent Financial for Lutherans, RMB Capital Management LLC, JPMorgan Chase & Co., GSA Capital Partners LLP, Thomson Horstmann & Bryant Inc., Wells Fargo & Company MN, Fisher Asset Management LLC and O Shaughnessy Asset Management LLC. Company insiders that have sold MYR Group company stock in the last year include Gerald B Jr Engen, Jeffrey J Waneka and William A Koertner. View Insider Buying and Selling for MYR Group.

MYRG stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Schwab Charles Investment Management Inc., BlackRock Inc., Dynamic Technology Lab Private Ltd, Cambria Investment Management L.P., Trexquant Investment LP, Barclays PLC and Citadel Advisors 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 $36.49.

MYR Group has a market capitalization of $600.88 million and generates $1.40 billion in revenue each year. The utilities provider earns $21.15 million in net income (profit) each year or $0.81 on an earnings per share basis. MYR Group employs 5,275 workers across the globe.

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]