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

$25.28
-0.91 (-3.47 %)
(As of 04/1/2020 10:22 AM ET)
Today's Range
$24.89
Now: $25.28
$26.11
50-Day Range
$16.64
MA: $26.06
$31.00
52-Week Range
$16.33
Now: $25.28
$38.14
Volume383 shs
Average Volume114,767 shs
Market Capitalization$421.16 million
P/E Ratio11.24
Dividend YieldN/A
Beta0.89
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.
Read More
MYR Group logo

Industry, Sector and Symbol

Industry Water, sewer, & utility lines
Sub-IndustryConstruction & Engineering
SectorUtilities
Current SymbolNASDAQ:MYRG
CUSIP55405W10
Phone847-290-1891

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.07 billion
Cash Flow$4.83 per share
Book Value$21.89 per share

Profitability

Net Income$37.69 million

Miscellaneous

Employees7,100
Market Cap$421.16 million
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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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 Coronavirus reached pandemic status according to the World Health Organization. Since then, MYRG stock has decreased by 0.2% and is now trading at $25.12. View which stocks have been mosted impacted by Coronavirus.

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 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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, May 6th 2020. View our earnings forecast for MYR Group.

How were MYR Group's earnings last quarter?

MYR Group Inc (NASDAQ:MYRG) posted its quarterly earnings data on Wednesday, March, 4th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.16. The utilities provider earned $571.08 million during the quarter, compared to the consensus estimate of $538.83 million. MYR Group had a return on equity of 10.88% and a net margin of 1.82%. View MYR Group's earnings history.

What price target have analysts set for MYRG?

3 analysts have issued 12 month price objectives for MYR Group's stock. Their forecasts range from $21.00 to $39.00. On average, they expect MYR Group's share price to reach $32.00 in the next year. This suggests a possible upside of 27.4% from the stock's current price. View analysts' price targets for MYR Group.

Has MYR Group been receiving favorable news coverage?

Press coverage about MYRG stock has trended very negative recently, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MYR Group earned a coverage optimism score of -3.0 on InfoTrie's scale. They also assigned media headlines about the utilities provider a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutMYR Group.

Are investors shorting MYR Group?

MYR Group saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 350,400 shares, an increase of 6.8% from the February 13th total of 328,200 shares. Based on an average daily volume of 72,600 shares, the days-to-cover ratio is currently 4.8 days. Currently, 2.2% of the shares of the stock are sold short. View MYR Group's Current Options Chain.

Who are some of MYR Group's key 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 Gilead Sciences (GILD), Deutsche Bank (DB), CarGurus (CARG), Iridium Communications (IRDM), NeoGenomics (NEO), Primo Water (PRMW), Stitch Fix (SFIX), Titan Machinery (TITN), Chewy (CHWY) and Dominion Energy (D).

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 $25.12.

How big of a company is MYR Group?

MYR Group has a market capitalization of $418.50 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. View additional information about MYR Group.

What is MYR Group's official website?

The official website for MYR Group is http://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]


MarketBeat Community Rating for MYR Group (NASDAQ MYRG)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  309 (Vote Outperform)
Underperform Votes:  366 (Vote Underperform)
Total Votes:  675
MarketBeat's community ratings are surveys of what our community members think about MYR Group and other stocks. Vote "Outperform" if you believe MYRG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MYRG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/1/2020 by MarketBeat.com Staff

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