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 has authorized a share buyback program on Thursday, August 3rd 2017, which authorizes the company to buyback $20,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

MYR Group Inc (NASDAQ:MYRG) released its quarterly earnings data on Wednesday, March, 6th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.51 by $0.13. The utilities provider had revenue of $446.30 million for the quarter, compared to analyst estimates of $394.98 million. MYR Group had a net margin of 2.03% and a return on equity of 9.81%. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. View MYR Group's Earnings History.

MYR Group is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for MYR Group.

6 analysts have issued 1-year target prices for MYR Group's shares. Their forecasts range from $34.00 to $41.00. On average, they anticipate MYR Group's stock price to reach $38.00 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price. View Analyst Price Targets for MYR Group.

6 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MYR Group.

Headlines about MYRG stock have trended somewhat positive recently, InfoTrie reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MYR Group earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned news coverage about the utilities provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Some companies that are related to MYR Group include El Paso Electric (EE), TransAlta (TA), Shenandoah Telecommunications (SHEN), MGE Energy (MGEE), Pampa Energia (PAM), Infratil (IFT), Pattern Energy Group (PEGI), Otter Tail (OTTR), Atlantica Yield (AY), Innergex Renewable Energy (INE), COMPANHIA ENERG/S (CESDY), Northwest Natural (NWN), TransAlta (TAC), SJW Group (SJW) and Boralex (BLX).

Based on aggregate information from My MarketBeat watchlists, some companies that other MYR Group investors own include Baxter International (BAX), Gilead Sciences (GILD), Visa (V), Celgene (CELG), Pfizer (PFE), Churchill Downs (CHDN), QUALCOMM (QCOM), Micron Technology (MU), Omnicell (OMCL) and MONDI/PAR VTG FPD 0.2 (MNDI).

MYR Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.93%), Victory Capital Management Inc. (9.39%), Macquarie Group Ltd. (8.27%), Investment Counselors of Maryland LLC (4.05%), Thomson Horstmann & Bryant Inc. (1.76%) and Bank of New York Mellon Corp (1.16%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Jeffrey J Waneka, Kenneth Michael Hartwick, 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 BlackRock Inc., First Trust Advisors LP, D. E. Shaw & Co. Inc., Thomson Horstmann & Bryant Inc., Los Angeles Capital Management & Equity Research Inc., Prudential Financial Inc., Two Sigma Advisers LP and ClariVest Asset Management LLC. Company insiders that have sold MYR Group company stock in the last year include Gary Ronald Johnson, 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., Macquarie Group Ltd., Municipal Employees Retirement System of Michigan, Bank of America Corp DE, Squarepoint Ops LLC, Investment Counselors of Maryland LLC, Geode Capital Management LLC and Geode Capital Management 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 $36.27.

MYR Group has a market capitalization of $602.08 million and generates $1.53 billion in revenue each year. The utilities provider earns $31.09 million in net income (profit) each year or $1.87 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]