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

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$34.50 +0.83 (+2.47 %)
(As of 03/26/2019 08:31 AM ET)
Previous Close$33.67
Today's Range$33.23 - $34.77
52-Week Range$26.24 - $40.81
Volume73,959 shs
Average Volume107,946 shs
Market Capitalization$572.70 million
P/E Ratio18.45
Dividend YieldN/A
Beta0.63
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

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.53 billion
Cash Flow$4.3893 per share
Book Value$19.59 per share

Profitability

Net Income$31.09 million

Miscellaneous

Employees5,500
Market Cap$572.70 million
Next Earnings Date5/1/2019 (Estimated)
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 declared that its board has authorized a share buyback plan on Thursday, August 3rd 2017, which authorizes the company to buyback $20,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares buyback plans are often 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, March, 6th. The utilities provider reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.13. The utilities provider earned $446.30 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.35 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, May 1st 2019. View Earnings Estimates for MYR Group.

What price target have analysts set for MYRG?

6 brokerages have issued 12-month target prices for MYR Group's stock. Their predictions range from $34.00 to $41.00. On average, they expect MYR Group's stock price to reach $38.00 in the next twelve months. This suggests a possible upside of 10.1% from the stock's current price. View Analyst Price Targets for MYR Group.

What is the consensus analysts' recommendation 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.

Has MYR Group been receiving favorable news coverage?

News articles about MYRG stock have been trending somewhat negative on Tuesday, InfoTrie reports. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. MYR Group earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave press coverage about the utilities provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next several days.

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).

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 Micron Technology (MU), Pfizer (PFE), Visa (V), Baxter International (BAX), Gilead Sciences (GILD), Mcdonald's (MCD), Keysight Technologies (KEYS), UnitedHealth Group (UNH), Vereit (VER) and Paypal (PYPL).

Who are MYR Group's key executives?

MYR Group's management team includes the folowing people:
  • Mr. Richard S. Swartz Jr., Pres & CEO (Age 55)
  • Ms. Betty R. Johnson, Sr. VP, CFO & Treasurer (Age 61)
  • Mr. William A. Koertner M.B.A., Director (Age 69)
  • Mr. Gerald B. Engen Jr., Sr. VP (Age 68)
  • Mr. Tod M. Cooper, Sr. VP & COO of Transmission and Distribution (Age 54)

Who are MYR Group's major shareholders?

MYR Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders 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.

Which institutional investors are selling MYR Group stock?

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.

Which institutional investors are buying MYR Group stock?

MYRG stock was bought 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.

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 $34.50.

How big of a company is MYR Group?

MYR Group has a market capitalization of $572.70 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 5,500 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:  2.3 out of 5 (star star)
Outperform Votes:  250 (Vote Outperform)
Underperform Votes:  284 (Vote Underperform)
Total Votes:  534
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 3/26/2019 by MarketBeat.com Staff

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