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

MYR Group Inc (NASDAQ:MYRG) released its quarterly earnings data on Wednesday, May, 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.17 by $0.17. The utilities provider earned $345.60 million during the quarter, compared to analyst estimates of $320.64 million. MYR Group had a net margin of 1.77% and a return on equity of 6.06%. The firm's revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 EPS. 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 equities research analysts have issued 12-month price objectives for MYR Group's stock. Their forecasts range from $28.00 to $42.00. On average, they expect MYR Group's stock price to reach $34.60 in the next twelve months. 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).

Press coverage about MYRG stock has been trending somewhat negative on Sunday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MYR Group earned a media sentiment score of -0.04 on Accern's scale. They also gave media stories about the utilities provider an impact score of 48.87 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

MYR Group's stock is owned by a number of of retail and institutional investors. Top institutional investors 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 acquired 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 $36.28.

MYR Group has a market capitalization of $592.50 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]