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

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

MYR Group declared that its Board of Directors has initiated a share buyback 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 generally a sign that the company's management believes its stock is undervalued.

MYR Group Inc (NASDAQ:MYRG) posted its quarterly earnings results on Wednesday, October, 31st. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.54 by $0.06. The utilities provider earned $399.50 million during the quarter, compared to analysts' expectations of $404.01 million. MYR Group had a return on equity of 8.49% and a net margin of 2.33%. The firm's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. View MYR Group's Earnings History.

MYR Group is scheduled to release their next quarterly earnings announcement on Wednesday, March 6th 2019. View Earnings Estimates for MYR Group.

7 brokers have issued 1-year price objectives for MYR Group's shares. Their forecasts range from $36.00 to $42.00. On average, they expect MYR Group's share price to reach $39.50 in the next year. This suggests a possible upside of 29.4% from the stock's current price. View Analyst Price Targets for MYR Group.

7 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MYR Group.

Media headlines about MYRG stock have trended positive on Wednesday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. MYR Group earned a news sentiment score of 2.8 on InfoTrie's scale. They also assigned news stories about the utilities provider a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the company's share price in the near term.

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

MYR Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Sheets Smith Wealth Management (0.08%) and Strs Ohio (0.07%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Jeffrey J Waneka, Kenneth Michael Hartwick, 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 Sheets Smith Wealth Management. Company insiders that have sold MYR Group company stock in the last year include Jeffrey J Waneka and William A Koertner. View Insider Buying and Selling for MYR Group.

MYRG stock was purchased by a variety of institutional investors in the last quarter, including Strs Ohio. 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 $30.53.

MYR Group has a market capitalization of $505.73 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.

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]