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

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$28.18 -0.05 (-0.18 %)
(As of 12/19/2018 08:15 AM ET)
Previous Close$28.23
Today's Range$28.16 - $29.20
52-Week Range$27.18 - $40.81
Volume60,165 shs
Average Volume58,235 shs
Market Capitalization$467.62 million
P/E Ratio34.79
Dividend YieldN/A
Beta0.36
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 and the renewable energy industries. Its services include construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems; and 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.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.28
Current Ratio1.69
Quick Ratio1.69

Price-To-Earnings

Trailing P/E Ratio34.79
Forward P/E Ratio16.20
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.40 billion
Price / Sales0.33
Cash Flow$3.1486 per share
Price / Cash Flow8.95
Book Value$17.44 per share
Price / Book1.62

Profitability

EPS (Most Recent Fiscal Year)$0.81
Net Income$21.15 million
Net Margins2.33%
Return on Equity8.49%
Return on Assets4.04%

Miscellaneous

Employees5,275
Outstanding Shares16,570,000
Market Cap$467.62 million
OptionableOptionable

MYR Group (NASDAQ:MYRG) Frequently Asked Questions

What is MYR Group's stock symbol?

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

How will MYR Group's stock buyback program work?

MYR Group announced that its Board of Directors has approved a share repurchase program 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 buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

How were MYR Group's earnings last quarter?

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

When is MYR Group's next earnings date?

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

What price target have analysts set for MYRG?

7 brokers have issued 12 month price objectives for MYR Group's stock. Their forecasts range from $36.00 to $42.00. On average, they expect MYR Group's stock price to reach $39.50 in the next year. This suggests a possible upside of 40.2% from the stock's current price. View Analyst Price Targets for MYR Group.

What is the consensus analysts' recommendation 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.

Has MYR Group been receiving favorable news coverage?

News articles about MYRG stock have been trending negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MYR Group earned a coverage optimism score of -2.9 on InfoTrie's scale. They also assigned news articles about the utilities provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.

Who are some of MYR Group's key competitors?

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

Who are MYR Group's key executives?

MYR Group's management team includes the folowing people:
  • Mr. Richard S. Swartz Jr., Pres & CEO (Age 54)
  • Ms. Betty R. Johnson, Sr. VP, CFO & Treasurer (Age 60)
  • Mr. Gerald B. Engen Jr., Sr. VP, Chief Legal Officer & Sec. (Age 67)
  • Mr. William A. Koertner M.B.A., Director (Age 68)
  • Mr. Tod M. Cooper, Sr. VP & COO of Transmission and Distribution (Age 53)

Who are MYR Group's major shareholders?

MYR Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.23%), Victory Capital Management Inc. (8.65%), Dimensional Fund Advisors LP (8.40%), Macquarie Group Ltd. (7.70%), Vanguard Group Inc. (5.81%) and Vanguard Group Inc (5.81%). 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.

Which major investors are selling MYR Group stock?

MYRG stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., State Board of Administration of Florida Retirement System, JPMorgan Chase & Co., JPMorgan Chase & Co., Fisher Asset Management LLC, Los Angeles Capital Management & Equity Research Inc., First Trust Advisors LP and Prudential Financial Inc.. 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.

Which major investors are buying MYR Group stock?

MYRG stock was acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Victory Capital Management Inc., BlackRock Inc., Putnam Investments LLC, Wells Fargo & Company MN, Citadel Advisors LLC, Renaissance Technologies LLC and ClariVest Asset Management LLC. View Insider Buying and Selling for MYR Group.

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, Scottrade, Fidelity and Charles Schwab.

What is MYR Group's stock price today?

One share of MYRG stock can currently be purchased for approximately $28.18.

How big of a company is MYR Group?

MYR Group has a market capitalization of $467.62 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.

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:  2.4 out of 5 (star star)
Outperform Votes:  241 (Vote Outperform)
Underperform Votes:  271 (Vote Underperform)
Total Votes:  512
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 12/19/2018 by MarketBeat.com Staff

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