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

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

MYR Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 3rd 2017, which authorizes the company to buyback $20,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

MYR Group Inc (NASDAQ:MYRG) announced its quarterly earnings results on Wednesday, May, 2nd. The utilities provider reported $0.34 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.17. The utilities provider earned $345.60 million during the quarter, compared to analysts' expectations of $320.64 million. MYR Group had a return on equity of 6.06% and a net margin of 1.77%. MYR Group's revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $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 analysts have issued twelve-month price targets 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 $34.60 in the next year. View Analyst Ratings for MYR Group.

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 positive on Friday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MYR Group earned a media sentiment score of 0.26 on Accern's scale. They also gave news stories about the utilities provider an impact score of 46.39 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

MYR Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.28%), Dimensional Fund Advisors LP (8.40%), Victory Capital Management Inc. (7.27%), JPMorgan Chase & Co. (3.49%), Thomson Horstmann & Bryant Inc. (2.00%) and Corbyn Investment Management Inc. MD (1.66%). 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 Thrivent Financial for Lutherans, RMB Capital Management LLC, JPMorgan Chase & Co., GSA Capital Partners LLP, Thomson Horstmann & Bryant Inc., Wells Fargo & Company MN, Fisher Asset Management LLC and O Shaughnessy 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.

MYRG stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Schwab Charles Investment Management Inc., BlackRock Inc., Dynamic Technology Lab Private Ltd, Cambria Investment Management L.P., Trexquant Investment LP, Barclays PLC and Citadel Advisors 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 $35.98.

MYR Group has a market capitalization of $616.05 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]