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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Laser breakthrough could send stock soaring 2,467% (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
66,000% upside on tiny biotech? (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Laser breakthrough could send stock soaring 2,467% (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
66,000% upside on tiny biotech? (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Laser breakthrough could send stock soaring 2,467% (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
66,000% upside on tiny biotech? (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
NASDAQ:MYRG

MYR Group (MYRG) Stock Forecast, Price & News

$134.29
+6.46 (+5.05%)
(As of 06/2/2023 ET)
Compare
Today's Range
$128.47
$134.31
50-Day Range
$117.93
$135.88
52-Week Range
$76.97
$138.70
Volume
93,706 shs
Average Volume
90,453 shs
Market Capitalization
$2.24 billion
P/E Ratio
26.44
Dividend Yield
N/A
Price Target
$118.67

MYR Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
11.6% Downside
$118.67 Price Target
Short Interest
Healthy
1.44% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.02mentions of MYR Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$4.28 M Sold Last Quarter
Proj. Earnings Growth
19.62%
From $5.81 to $6.95 Per Share

Overall MarketRank

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

2.18 out of 5 stars

Utilities Sector

48th out of 84 stocks

Water, Sewer, & Utility Lines Industry

3rd out of 5 stocks


MYRG stock logo

About MYR Group (NASDAQ:MYRG) Stock

MYR Group, Inc. is a holding company, which engages in the provision of electrical construction services. It operates through the Transmission and Distribution (T&D) and Commercial and Industrial (C&I) segments. The T&D segment offers a range of services on electric transmission and distribution networks and substation facilities. The C&I segment includes the design, installation, maintenance and repair of commercial and industrial wiring, installation of traffic networks and the installation of bridge, roadway, and tunnel lighting. The company was founded in 1995 and is headquartered in Thornton, CO.

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MYRG Stock News Headlines

We Called (ARWR) In Advance, Which Stocks Are Next?
Nearly 56% gains in 30 days! This bullish trend reversal was not only forecasted by A.I., but we called it 1 – 3 days in advance. If you have any money invested in the markets…even just your retirement, you’ll want to see this. Plus, it’s FREE - the training is only an hour & LIVE.
We Called (ARWR) In Advance, Which Stocks Are Next?
Nearly 56% gains in 30 days! This bullish trend reversal was not only forecasted by A.I., but we called it 1 – 3 days in advance. If you have any money invested in the markets…even just your retirement, you’ll want to see this. Plus, it’s FREE - the training is only an hour & LIVE.
MYR Group Inc. Announces First-Quarter 2023 Results
MYR Group earnings preview: what Wall Street is expecting
MYR Group (MYRG) to Release Earnings on Wednesday
See More Headlines

MYRG Price History

MYRG Company Calendar

Last Earnings
4/26/2023
Today
6/03/2023
Next Earnings (Estimated)
7/26/2023
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
$118.67
High Stock Price Forecast
$147.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
-11.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$83.38 million
Pretax Margin
3.67%

Debt

Sales & Book Value

Annual Sales
$3.01 billion
Cash Flow
$8.96 per share
Book Value
$34.57 per share

Miscellaneous

Free Float
16,207,000
Market Cap
$2.24 billion
Optionable
Optionable
Beta
0.99

Social Links


Key Executives

  • Richard S. SwartzRichard S. Swartz
    President, Chief Executive Officer & Director
  • Kelly M. Huntington
    Chief Financial & Accounting Officer & Senior VP
  • Jean A. Luber
    Vice President-Information Technology
  • Tod M. Cooper
    COO-Transmission & Distribution, Senior VP
  • Don A. Egan
    Senior VP, COO-Commercial & Industrial













MYRG Stock - Frequently Asked Questions

Should I buy or sell MYR Group stock right now?

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

What is MYR Group's stock price forecast for 2023?

2 analysts have issued 12-month price targets for MYR Group's shares. Their MYRG share price forecasts range from $99.00 to $147.00. On average, they anticipate the company's share price to reach $118.67 in the next twelve months. This suggests that the stock has a possible downside of 11.6%.
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 45.9% and is now trading at $134.29.
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, July 26th 2023.
View our MYRG earnings forecast
.

How were MYR Group's earnings last quarter?

MYR Group Inc. (NASDAQ:MYRG) announced its earnings results on Wednesday, April, 26th. The utilities provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.32. The utilities provider earned $811.70 million during the quarter, compared to analyst estimates of $721.13 million. MYR Group had a trailing twelve-month return on equity of 15.58% and a net margin of 2.70%. The company's revenue was up 27.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 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?
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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.93%), Dimensional Fund Advisors LP (6.34%), Macquarie Group Ltd. (4.89%), Principal Financial Group Inc. (4.03%), State Street Corp (3.53%) and Victory Capital Management Inc. (3.14%). 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 and William A Koertner.
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 $134.29.

How much money does MYR Group make?

MYR Group (NASDAQ:MYRG) has a market capitalization of $2.24 billion and generates $3.01 billion in revenue each year. The utilities provider earns $83.38 million in net income (profit) each year or $5.08 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 6/4/2023 by MarketBeat.com Staff

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