S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
'War of the states': EV, chip makers lavished with subsidies
Sell every Stock except ONE (Ad)
Gas prices increase in NJ, around nation amid higher demand
Shipbuilder Austal executives accused of inflating earnings
Sell every Stock except ONE (Ad)
Lanterns and crescents: more retailers court Ramadan buyers
No more room for vroom? Paris votes on banishing e-scooters
Sell every Stock except ONE (Ad)
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
'War of the states': EV, chip makers lavished with subsidies
Sell every Stock except ONE (Ad)
Gas prices increase in NJ, around nation amid higher demand
Shipbuilder Austal executives accused of inflating earnings
Sell every Stock except ONE (Ad)
Lanterns and crescents: more retailers court Ramadan buyers
No more room for vroom? Paris votes on banishing e-scooters
Sell every Stock except ONE (Ad)
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
'War of the states': EV, chip makers lavished with subsidies
Sell every Stock except ONE (Ad)
Gas prices increase in NJ, around nation amid higher demand
Shipbuilder Austal executives accused of inflating earnings
Sell every Stock except ONE (Ad)
Lanterns and crescents: more retailers court Ramadan buyers
No more room for vroom? Paris votes on banishing e-scooters
Sell every Stock except ONE (Ad)
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
'War of the states': EV, chip makers lavished with subsidies
Sell every Stock except ONE (Ad)
Gas prices increase in NJ, around nation amid higher demand
Shipbuilder Austal executives accused of inflating earnings
Sell every Stock except ONE (Ad)
Lanterns and crescents: more retailers court Ramadan buyers
No more room for vroom? Paris votes on banishing e-scooters
Sell every Stock except ONE (Ad)
NASDAQ:MYRG

MYR Group - MYRG Stock Forecast, Price & News

$126.01
+4.61 (+3.80%)
(As of 03/31/2023 12:00 AM ET)
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Compare
Today's Range
$122.26
$127.00
50-Day Range
$95.69
$126.01
52-Week Range
$74.77
$127.00
Volume
187,687 shs
Average Volume
149,453 shs
Market Capitalization
$2.10 billion
P/E Ratio
25.66
Dividend Yield
N/A
Price Target
$109.67

MYR Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.0% Downside
$109.67 Price Target
Short Interest
Healthy
1.03% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.07mentions of MYR Group in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$4.28 M Sold Last Quarter
Proj. Earnings Growth
21.65%
From $5.68 to $6.91 Per Share

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 stars

Utilities Sector

54th out of 87 stocks

Water, Sewer, & Utility Lines Industry

5th out of 6 stocks


MYRG stock logo

About MYR Group (NASDAQ:MYRG) Stock

MYR 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.

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MYRG Stock News Headlines

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MYR Group (NASDAQ:MYRG) Stock Rating Upgraded by StockNews.com
MYRG MYR Group Inc.
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Why MYR Group (MYRG) Stock Is Plummeting Today
Best Momentum Stock to Buy for February 28th
Q4 2022 MYR Group Inc Earnings Call
Here's what Wall Street expects from MYR Group's earnings report
Is MYR Group Inc. (NASDAQ:MYRG) Potentially Undervalued?
What Makes MYR (MYRG) a Good Fit for 'Trend Investing'
See More Headlines
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MYRG Company Calendar

Last Earnings
2/22/2023
Today
4/01/2023
Next Earnings (Estimated)
4/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water, sewer, & utility lines
Sub-Industry
Construction & Engineering
Sector
Utilities
Current Symbol
NASDAQ:MYRG
CUSIP
55405W10
Employees
8,500
Year Founded
1891

Price Target and Rating

Average Stock Price Forecast
$109.67
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
-13.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$83.38 million
Pretax Margin
3.80%

Debt

Sales & Book Value

Annual Sales
$3.01 billion
Cash Flow
$8.81 per share
Book Value
$33.74 per share

Miscellaneous

Free Float
16,165,000
Market Cap
$2.10 billion
Optionable
Optionable
Beta
1.03

Social Links


Key Executives

  • Richard S. SwartzRichard S. Swartz
    President, Chief Executive Officer & Director
  • Kelly M. Huntington
    Chief Financial & Accounting Officer & Senior VP
  • Jean A. Luber
    Vice President-Information Technology
  • Tod M. Cooper
    COO-Transmission & Distribution, Senior VP
  • Jeffrey J. Waneka
    COO-Commercial & Industrial, Senior VP













MYRG Stock - Frequently Asked Questions

Should I buy or sell MYR Group stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research 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 stock. Their MYRG share price forecasts range from $99.00 to $120.00. On average, they expect the company's stock price to reach $109.67 in the next year. This suggests that the stock has a possible downside of 13.0%.
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 2023. Since then, MYRG stock has increased by 36.9% and is now trading at $126.01.
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, April 26th 2023.
View our MYRG earnings forecast
.

How were MYR Group's earnings last quarter?

MYR Group Inc. (NASDAQ:MYRG) announced its quarterly earnings data on Wednesday, February, 22nd. The utilities provider reported $1.46 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.41. The utilities provider earned $863.96 million during the quarter, compared to analysts' expectations of $736.59 million. MYR Group had a net margin of 2.77% and a trailing twelve-month return on equity of 15.42%. The firm's revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.20 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?
What is MYR Group's stock symbol?

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

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 $126.01.

How much money does MYR Group make?

MYR Group (NASDAQ:MYRG) has a market capitalization of $2.10 billion and generates $3.01 billion in revenue each year. The utilities provider earns $83.38 million in net income (profit) each year or $4.91 on an earnings per share basis.

How many employees does MYR Group have?

The company employs 8,500 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..
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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 4/2/2023 by MarketBeat.com Staff