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NASDAQ:MYRG

MYR Group Stock Forecast, Price & News

$37.64
-0.16 (-0.42 %)
(As of 09/29/2020 12:00 AM ET)
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Today's Range
$37.13
Now: $37.64▼
$38.40
50-Day Range
$34.22
MA: $37.05▼
$39.36
52-Week Range
$16.33
Now: $37.64▼
$39.97
Volume174,412 shs
Average Volume87,905 shs
Market Capitalization$628.93 million
P/E Ratio13.59
Dividend YieldN/A
Beta0.84
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. Its services include construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, and 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 services, such as design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting. This segment offers its services for airports, hospitals, data centers, hotels, stadiums, convention centers, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. It serves general contractors, commercial and industrial facility owners, local governments, and developers. MYR Group Inc. was founded in 1891 and is headquartered in Rolling Meadows, Illinois.
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MYR Group logo

Beat the Market (BTM) Rank™

Analyst Opinion: 1.2Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.25 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Water, sewer, & utility lines
Sub-IndustryConstruction & Engineering
SectorUtilities
Current SymbolNASDAQ:MYRG
Previous Symbol
CUSIP55405W10
CIK700923
Webwww.myrgroup.com
Phone847-290-1891

Debt

Debt-to-Equity Ratio0.19
Current Ratio1.47
Quick Ratio1.47

Price-To-Earnings

Trailing P/E Ratio13.59
Forward P/E Ratio13.40
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.07 billion
Price / Sales0.30
Cash Flow$5.24 per share
Price / Cash Flow7.18
Book Value$21.89 per share
Price / Book1.72

Profitability

EPS (Most Recent Fiscal Year)$2.26
Net Income$37.69 million
Net Margins2.12%
Return on Equity12.56%
Return on Assets4.72%

Miscellaneous

Employees7,100
Outstanding Shares16,709,000
Market Cap$628.93 million
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$37.64
-0.16 (-0.42 %)
(As of 09/29/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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MYR Group (NASDAQ:MYRG) Frequently Asked Questions

How has MYR Group's stock been impacted by COVID-19 (Coronavirus)?

MYR Group's stock was trading at $25.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MYRG shares have increased by 49.6% and is now trading at $37.64.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of MYR Group?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for MYR Group.

When is MYR Group's next earnings date?

MYR Group is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for MYR Group.

How were MYR Group's earnings last quarter?

MYR Group Inc (NASDAQ:MYRG) announced its quarterly earnings data on Wednesday, July, 29th. The utilities provider reported $0.80 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.46 by $0.34. The utilities provider earned $513.05 million during the quarter, compared to analyst estimates of $503.07 million. MYR Group had a return on equity of 12.56% and a net margin of 2.12%.
View MYR Group's earnings history.

What price target have analysts set for MYRG?

3 Wall Street analysts have issued 1-year price objectives for MYR Group's shares. Their forecasts range from $27.00 to $40.00. On average, they expect MYR Group's share price to reach $32.33 in the next twelve months. This suggests that the stock has a possible downside of 14.1%.
View analysts' price targets for MYR Group.

Who are some of MYR Group's key competitors?

Some companies that are related to MYR Group include Jacobs Engineering Group (JEC), Quanta Services (PWR), Aecom (ACM), Emcor Group (EME), KBR (KBR), MasTec (MTZ), Comfort Systems USA (FIX), Dycom Industries (DY), Ameresco (AMRC), Fluor Co. (NEW) (FLR), Primoris Services (PRIM), Granite Construction (GVA), Argan (AGX), Great Lakes Dredge & Dock (GLDD) and Tutor Perini (TPC).
View all competitors.

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).

Who are MYR Group's key executives?

MYR Group's management team includes the following people:
  • Mr. Richard S. Swartz Jr., Pres & CEO (Age 55)
  • Ms. Betty R. Johnson, Sr. VP, CFO & Treasurer (Age 61)
  • Mr. Gerald B. Engen Jr., Sr. VP (Age 68)
  • Mr. Tod M. Cooper, Sr. VP & COO of Transmission and Distribution (Age 54)
  • Mr. Jeffrey J. Waneka, Sr. VP and COO of Commercial & Industrial (Age 57)

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 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, Robinhood, Fidelity, and Charles Schwab.

What is MYR Group's stock price today?

One share of MYRG stock can currently be purchased for approximately $37.64.

How big of a company is MYR Group?

MYR Group has a market capitalization of $628.93 million and generates $2.07 billion in revenue each year. The utilities provider earns $37.69 million in net income (profit) each year or $2.26 on an earnings per share basis. MYR Group employs 7,100 workers across the globe.

What is MYR Group's official website?

The official website for MYR Group is www.myrgroup.com.

How can I contact MYR Group?

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]

This page was last updated on 9/30/2020 by MarketBeat.com Staff
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