NASDAQ:MYRG - MYR Group Stock Price, News, & Analysis

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

MYR Group announced that its board has initiated a share repurchase 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

MYR Group Inc (NASDAQ:MYRG) posted its earnings results on Wednesday, March, 6th. The utilities provider reported $0.64 EPS for the quarter, beating the Zacks' consensus estimate of $0.51 by $0.13. The utilities provider earned $446.30 million during the quarter, compared to the consensus estimate of $394.98 million. MYR Group had a return on equity of 9.81% and a net margin of 2.03%. MYR Group's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. View MYR Group's Earnings History.

MYR Group is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for MYR Group.

6 Wall Street analysts have issued 12-month target prices for MYR Group's shares. Their forecasts range from $34.00 to $41.00. On average, they anticipate MYR Group's stock price to reach $38.00 in the next year. This suggests a possible upside of 12.9% from the stock's current price. View Analyst Price Targets for MYR Group.

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

Media coverage about MYRG stock has been trending positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MYR Group earned a daily sentiment score of 2.1 on InfoTrie's scale. They also gave media stories about the utilities provider a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the next few days.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other MYR Group investors own include Micron Technology (MU), Pfizer (PFE), Visa (V), Baxter International (BAX), Gilead Sciences (GILD), Mcdonald's (MCD), Keysight Technologies (KEYS), UnitedHealth Group (UNH), Vereit (VER) and Paypal (PYPL).

MYR Group's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.93%), Victory Capital Management Inc. (9.39%), Macquarie Group Ltd. (8.27%), Investment Counselors of Maryland LLC (4.05%), Thomson Horstmann & Bryant Inc. (1.76%) and Bank of New York Mellon Corp (1.16%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Jeffrey J Waneka, Kenneth Michael Hartwick, 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 BlackRock Inc., First Trust Advisors LP, D. E. Shaw & Co. Inc., Thomson Horstmann & Bryant Inc., Los Angeles Capital Management & Equity Research Inc., Prudential Financial Inc., Two Sigma Advisers LP and ClariVest Asset Management LLC. Company insiders that have sold MYR Group company stock in the last year include Gary Ronald Johnson, Gerald B Jr Engen, Jeffrey J Waneka and William A Koertner. View Insider Buying and Selling for MYR Group.

MYRG stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Macquarie Group Ltd., Municipal Employees Retirement System of Michigan, Bank of America Corp DE, Squarepoint Ops LLC, Investment Counselors of Maryland LLC, Geode Capital Management LLC and Geode Capital Management 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 $33.67.

MYR Group has a market capitalization of $558.92 million and generates $1.53 billion in revenue each year. The utilities provider earns $31.09 million in net income (profit) each year or $1.87 on an earnings per share basis. MYR Group employs 5,500 workers across the globe.

The official website for MYR Group is http://www.myrgroup.com.

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]