MYR Group (MYRG) Stock Forecast, Price & News

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.
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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%.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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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.

ETFs with the largest weight of MYR Group (NASDAQ:MYRG) stock in their portfolio include Profound Medical (PRN), Invesco WilderHill Clean Energy ETF (PBW), Invesco S&P SmallCap Industrials ETF (PSCI), Nuveen Small Cap Select ETF (NSCS), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Inspire Fidelis Multi Factor ETF (FDLS), Invesco S&P SmallCap Quality ETF (XSHQ) and iShares U.S. Infrastructure ETF (IFRA).

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.

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).

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

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.
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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.
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One share of MYRG stock can currently be purchased for approximately $134.29.

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.

The company employs 8,500 workers across the globe.

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.