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

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

MYR Group announced that its Board of Directors has approved a stock buyback plan on Thursday, August 3rd 2017, which authorizes the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

MYR Group Inc (NASDAQ:MYRG) announced its quarterly earnings data on Wednesday, May, 2nd. The utilities provider reported $0.34 EPS for the quarter, topping the Zacks' consensus estimate of $0.17 by $0.17. The utilities provider earned $345.60 million during 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%. The firm's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. 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 equities research analysts have issued twelve-month price targets for MYR Group's shares. Their forecasts range from $28.00 to $42.00. On average, they anticipate MYR Group's stock price to reach $37.00 in the next year. This suggests that the stock has a possible downside of 3.5%. View Analyst Ratings for MYR Group.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

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

News stories about MYRG stock have been trending somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MYR Group earned a news impact score of 0.06 on Accern's scale. They also assigned media headlines about the utilities provider an impact score of 46.51 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

MYR Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (0.51%). 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 Fisher 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.

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 $38.34.

MYR Group has a market capitalization of $636.45 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]