NASDAQ:MYRG MYR Group - MYRG Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding MYR Group Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $96.25 -1.03 (-1.06%) (As of 01/30/2023 04:21 PM ET) Add Compare Share Share Today's Range$96.23▼$98.0650-Day Range$86.40▼$100.8952-Week Range$74.77▼$102.03Volume51,603 shsAverage Volume67,995 shsMarket Capitalization$1.60 billionP/E Ratio20.70Dividend YieldN/APrice Target$101.33 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media MYR Group MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside4.1% Upside$101.33 Price TargetShort InterestHealthy1.26% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.19Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth14.86%From $4.51 to $5.18 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.12 out of 5 starsUtilities Sector57th out of 85 stocksWater, Sewer, & Utility Lines Industry4th out of 5 stocks 1.5 Analyst's Opinion Consensus RatingMYR Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $101.33, MYR Group has a forecasted upside of 4.1% from its current price of $97.36.Amount of Analyst CoverageMYR Group has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.26% of the float of MYR Group has been sold short.Short Interest Ratio / Days to CoverMYR Group has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in MYR Group has recently decreased by 6.91%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldMYR Group does not currently pay a dividend.Dividend GrowthMYR Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MYRG. Previous Next 2.9 News and Social Media Coverage News SentimentMYR Group has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 6 news articles for MYR Group this week, compared to 1 article on an average week. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MYR Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.80% of the stock of MYR Group is held by insiders.Percentage Held by Institutions85.19% of the stock of MYR Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for MYR Group are expected to grow by 14.86% in the coming year, from $4.51 to $5.18 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MYR Group is 20.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.26.Price to Earnings Ratio vs. SectorThe P/E ratio of MYR Group is 20.94, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 88.15.Price to Book Value per Share RatioMYR Group has a P/B Ratio of 3.16. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MYR Group (NASDAQ:MYRG) StockMYR Group, Inc. is a holding company, which engages in the provision of electrical construction services. It operates through the Transmission and Distribution (T&D) and Commercial and Industrial (C&I) segments. The T&D segment offers a range of services on electric transmission and distribution networks and substation facilities. The C&I segment includes the design, installation, maintenance and repair of commercial and industrial wiring, installation of traffic networks and the installation of bridge, roadway, and tunnel lighting. The company was founded in 1995 and is headquartered in Thornton, CO.Read More Receive MYRG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MYR Group and its competitors with MarketBeat's FREE daily newsletter. Email Address MYRG Stock News HeadlinesJanuary 25, 2023 | nasdaq.comBlackRock Inc. Ups Stake in MYR Group Inc (MYRG)January 21, 2023 | americanbankingnews.comMYR Group (NASDAQ:MYRG) Sees Unusually-High Trading VolumeJanuary 30, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. January 13, 2023 | finance.yahoo.comReasons to Add MYR Group (MYRG) to Your Portfolio Right NowJanuary 13, 2023 | finance.yahoo.comIs MYR Group Inc. (NASDAQ:MYRG) Potentially Undervalued?January 11, 2023 | finance.yahoo.comWhat Makes MYR (MYRG) a Good Fit for 'Trend Investing'January 9, 2023 | msn.comMYR Group CFO Betty Johnson to retire, to be succeeded by Kelly HuntingtonDecember 4, 2022 | finance.yahoo.comMYR Group Inc.'s (NASDAQ:MYRG) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?January 30, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. November 17, 2022 | finance.yahoo.comPositive week for MYR Group Inc. (NASDAQ:MYRG) institutional investors who lost 17% over the past yearNovember 1, 2022 | finance.yahoo.comMYR Group Inc. to Attend Credit Suisse Global Industrials Investor ConferenceOctober 28, 2022 | msn.comMYR Group Earnings Perspective: Return On Capital EmployedOctober 28, 2022 | seekingalpha.comMYR Group upgraded at KeyBanc, Baird on improved valuationOctober 28, 2022 | investing.comBaird Upgrades MYR Group to OutperformOctober 26, 2022 | msn.comMYR Group: Q3 Earnings InsightsOctober 19, 2022 | finance.yahoo.comMYR Group's (NASDAQ:MYRG) five-year earnings growth trails the 24% YoY shareholder returnsOctober 12, 2022 | nz.finance.yahoo.comMYR Group Inc. Announces Third-Quarter 2022 Earnings Release and Conference Call ScheduleOctober 12, 2022 | finance.yahoo.comMYR Group Inc. Announces Third-Quarter 2022 Earnings Release and Conference Call ScheduleOctober 6, 2022 | finance.yahoo.comMYR Group Inc. to Participate in Baird’s 2022 Global Industrial ConferenceOctober 3, 2022 | nasdaq.comHere's Why We Think MYR Group (NASDAQ:MYRG) Is Well Worth WatchingSeptember 28, 2022 | seekingalpha.comMYR Group: Best Near-Term Electrical Infrastructure Cap-Gain Wealth-BuilderAugust 26, 2022 | finance.yahoo.comMYR Group (NASDAQ:MYRG) Might Have The Makings Of A Multi-BaggerAugust 24, 2022 | finance.yahoo.comMYR Group Inc. to Attend D.A. Davidson Investor Conference in SeptemberAugust 23, 2022 | finance.yahoo.comMYR Group Inc. to Attend Sidoti & Company Small-Cap Virtual Investor ConferenceJuly 29, 2022 | seekingalpha.comMYR Group Inc. (MYRG) CEO Rich Swartz on Q2 2022 Results - Earnings Call TranscriptJuly 29, 2022 | msn.comLooking Into MYR Group's Return On Invested CapitalJuly 27, 2022 | msn.comMYR Group: Q2 Earnings InsightsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MYRG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MYR Group and its competitors with MarketBeat's FREE daily newsletter. Email Address MYRG Company Calendar Last Earnings10/27/2021Today1/30/2023Next Earnings (Estimated)2/22/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Water, sewer, & utility lines Sub-IndustryConstruction & Engineering SectorUtilities Current SymbolNASDAQ:MYRG CUSIP55405W10 CIK700923 Webwww.myrgroup.com Phone(303) 286-8000Fax847-290-1892Employees7,600Year Founded1891Price Target and Rating Average Stock Price Forecast$101.33 High Stock Price Forecast$110.00 Low Stock Price Forecast$95.00 Forecasted Upside/Downside+5.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$4.65 Trailing P/E Ratio20.70 Forward P/E Ratio21.34 P/E GrowthN/ANet Income$85.01 million Net Margins2.85% Pretax Margin3.87% Return on Equity14.98% Return on Assets6.46% Debt Debt-to-Equity Ratio0.16 Current Ratio1.43 Quick Ratio1.43 Sales & Book Value Annual Sales$2.50 billion Price / Sales0.64 Cash Flow$7.69 per share Price / Cash Flow12.51 Book Value$30.77 per share Price / Book3.13Miscellaneous Outstanding Shares16,600,000Free Float16,136,000Market Cap$1.60 billion OptionableOptionable Beta1.04 Social Links Key ExecutivesRichard S. SwartzPresident, Chief Executive Officer & DirectorTod M. CooperCOO-Transmission & Distribution, Senior VPJeffrey J. WanekaCOO-Commercial & Industrial, Senior VPBetty R. JohnsonChief Financial Officer & Senior Vice PresidentKelly M. HuntingtonSenior Vice PresidentKey CompetitorsMiddlesex WaterNASDAQ:MSEXNorthwest NaturalNYSE:NWNKenonNYSE:KENTelephone and Data SystemsNYSE:TDSClean Energy FuelsNASDAQ:CLNEView All CompetitorsInsiders & InstitutionsRice Hall James & Associates LLCSold 1,330 shares on 1/27/2023Ownership: 0.195%New York State Teachers Retirement SystemSold 200 shares on 1/27/2023Ownership: 0.052%Comerica BankSold 2,910 shares on 1/26/2023Ownership: 0.059%Strs OhioSold 900 shares on 1/26/2023Ownership: 0.054%Oregon Public Employees Retirement FundSold 111 shares on 1/26/2023Ownership: 0.033%View All Insider TransactionsView All Institutional Transactions MYRG Stock - Frequently Asked Questions Should I buy or sell MYR Group stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MYRG shares. View MYRG analyst ratings or view top-rated stocks. What is MYR Group's stock price forecast for 2023? 2 brokerages have issued 1-year price objectives for MYR Group's shares. Their MYRG share price forecasts range from $95.00 to $110.00. On average, they anticipate the company's stock price to reach $101.33 in the next twelve months. This suggests a possible upside of 3.5% from the stock's current price. View analysts price targets for MYRG or view top-rated stocks among Wall Street analysts. How have MYRG shares performed in 2023? MYR Group's stock was trading at $92.07 at the beginning of the year. Since then, MYRG stock has increased by 6.4% and is now trading at $97.94. View the best growth stocks for 2023 here. When is MYR Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023. View our MYRG earnings forecast. How were MYR Group's earnings last quarter? MYR Group Inc. (NASDAQ:MYRG) issued its quarterly earnings data on Wednesday, October, 27th. The utilities provider reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.16. The utilities provider had revenue of $610.18 million for the quarter, compared to the consensus estimate of $645.95 million. MYR Group had a trailing twelve-month return on equity of 14.98% and a net margin of 2.85%. The business's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 earnings per share. What is Richard Swartz's approval rating as MYR Group's CEO? 15 employees have rated MYR Group Chief Executive Officer Richard Swartz on Glassdoor.com. Richard Swartz has an approval rating of 92% among the company's employees. This puts Richard Swartz in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 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 Alibaba Group (BABA), The Ensign Group (ENSG), Innovative Industrial Properties (IIPR), Walt Disney (DIS), Alphabet (GOOG), Gilead Sciences (GILD), JPMorgan Chase & Co. (JPM), Avid Technology (AVID), Bank of America (BAC) and Applied Materials (AMAT). What is MYR Group's stock symbol? MYR Group trades on the NASDAQ under the ticker symbol "MYRG." Who are MYR Group's major shareholders? MYR Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.67%), Ziegler Capital Management LLC (0.47%), Assenagon Asset Management S.A. (0.23%), Rice Hall James & Associates LLC (0.19%), Yousif Capital Management LLC (0.06%) and Comerica Bank (0.06%). Insiders that own company stock include Betty R Johnson, Marc Prieur, Richard S Jr Swartz, Tod M Cooper and William A Koertner. View institutional ownership trends. How do I buy shares of MYR Group? Shares of MYRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is MYR Group's stock price today? One share of MYRG stock can currently be purchased for approximately $97.94. How much money does MYR Group make? MYR Group (NASDAQ:MYRG) has a market capitalization of $1.63 billion and generates $2.50 billion in revenue each year. The utilities provider earns $85.01 million in net income (profit) each year or $4.65 on an earnings per share basis. How many employees does MYR Group have? The company employs 7,600 workers across the globe. Does MYR Group have any subsidiaries? The following companies are subsidiares of MYR Group: CSI Electrical Contractors Inc., E.S. Boulos Company, GSW Integrated Services LLC, Great Southwestern Construction Inc., Harlan Electric Company, High Country Line Construction Inc., Huen Electric Inc., MYR Energy Services Inc., MYR Equipment LLC, MYR Group Construction Canada Ltd., MYR Real Estate Holdings Alaska LLC, MYR Real Estate Holdings LLC, MYR Transmission Services Canada Ltd., Northern Transmission Services Ltd., Powerline Plus Ltd., Sturgeon Electric California LLC, Sturgeon Electric Company Inc., The L. E. Myers Co., and Western Pacific Enterprises Ltd..Read More How can I contact MYR Group? MYR Group's mailing address is 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL, 60008. The official website for the company is www.myrgroup.com. The utilities provider can be reached via phone at (303) 286-8000, via email at investorinfo@myrgroup.com, or via fax at 847-290-1892. This page (NASDAQ:MYRG) was last updated on 1/30/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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