NASDAQ:MYRG - MYR Group Stock Price, Price Target & More

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

MYR Group declared that its board has initiated a share buyback program on Thursday, August 3rd 2017, which authorizes the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

MYR Group Inc (NASDAQ:MYRG) issued its earnings results on Wednesday, May, 2nd. The utilities provider reported $0.34 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.17 by $0.17. The utilities provider had revenue of $345.60 million for the quarter, compared to analyst estimates of $320.64 million. MYR Group had a net margin of 1.77% and a return on equity of 6.06%. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 earnings per share. View MYR Group's Earnings History.

MYR Group is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for MYR Group.

6 Wall Street analysts have issued 1-year price objectives for MYR Group's shares. Their forecasts range from $28.00 to $42.00. On average, they anticipate MYR Group's stock price to reach $37.00 in the next twelve months. This suggests that the stock has a possible downside of 2.7%. View Analyst Ratings for MYR Group.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

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

News headlines about MYRG stock have trended somewhat positive on Tuesday, according to Accern. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MYR Group earned a media sentiment score of 0.20 on Accern's scale. They also assigned media stories about the utilities provider an impact score of 46.60 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

MYR Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (0.51%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Henry W Fayne, Jack L Alexander, Jeffrey J Waneka, Kenneth Michael Hartwick, Richard S Jr Swartz, 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 Fisher Asset Management LLC. Company insiders that have sold MYR Group company stock in the last year include Gerald B Jr Engen, Jeffrey J Waneka and William A Koertner. 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 $38.02.

MYR Group has a market capitalization of $636.45 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.

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]