NASDAQ:MYRGMYR Group Stock Price, Forecast & News

$30.54

+0.97 (+3.28 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

$29.75

Now: $30.54▼

$31.10

50-Day Range

$23.12

MA: $26.56▼

$29.57

52-Week Range

$16.33

Now: $30.54▼

$38.14

Volume70,500 shs

Average Volume91,306 shs

Market Capitalization$509.59 million

P/E Ratio12.73

Dividend YieldN/A

Beta0.77

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 industry. Its services include construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, and renewable power facilities; and limited gas construction services, as well as 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.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
MYR Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $28.50, MYR Group has a potential downside of 6.7% from its current price of $30.54.
Amount of Analyst Coverage
MYR Group has only been the subject of 2 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
MYR Group has received 309 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
MYR Group has received 375 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
MYR Group has received 54.82% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
MYR Group does not currently pay a dividend.
Dividend Growth
MYR Group does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MYR Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.00% of the stock of MYR Group is held by insiders.
Percentage Held by Institutions
90.14% of the stock of MYR Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for MYR Group are expected to grow by 12.20% in the coming year, from $2.54 to $2.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MYR Group is 12.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.21.
Price to Earnings Ratio vs. Sector
The P/E ratio of MYR Group is 12.73, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 30.02.
Price to Book Value per Share Ratio
MYR Group has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.24 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Water, sewer, & utility lines

Sub-IndustryConstruction & Engineering

SectorUtilities

Current SymbolNASDAQ:MYRG

Previous Symbol

CUSIP55405W10

CIK700923

Webwww.myrgroup.com

Phone847-290-1891

Debt

Debt-to-Equity Ratio0.46

Current Ratio1.66

Quick Ratio1.66

Price-To-Earnings

Trailing P/E Ratio12.73

Forward P/E Ratio12.02

P/E GrowthN/A

Sales & Book Value

Annual Sales$2.07 billion

Price / Sales0.25

Cash Flow$5.10 per share

Price / Cash Flow5.99

Book Value$21.89 per share

Price / Book1.40

Profitability

EPS (Most Recent Fiscal Year)$2.26

Net Income$37.69 million

Net Margins1.90%

Return on Equity11.27%

Return on Assets4.24%

Miscellaneous

Employees7,100

Outstanding Shares16,686,000

Market Cap$509.59 million

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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MYR Group (NASDAQ:MYRG) Frequently Asked Questions

How has MYR Group's stock been impacted by COVID-19 (Coronavirus)?

MYR Group's stock was trading at $25.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MYRG stock has increased by 21.4% and is now trading at $30.54. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of MYR Group?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for MYR Group.

When is MYR Group's next earnings date?

MYR Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for MYR Group.

How were MYR Group's earnings last quarter?

MYR Group Inc (NASDAQ:MYRG) released its quarterly earnings data on Wednesday, April, 29th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.07. The utilities provider earned $518.47 million during the quarter, compared to analysts' expectations of $545.66 million. MYR Group had a net margin of 1.90% and a return on equity of 11.27%. View MYR Group's earnings history.

What price target have analysts set for MYRG?

2 equities research analysts have issued 1 year price targets for MYR Group's stock. Their forecasts range from $27.00 to $30.00. On average, they expect MYR Group's stock price to reach $28.50 in the next year. This suggests that the stock has a possible downside of 6.7%. View analysts' price targets for MYR Group.

Has MYR Group been receiving favorable news coverage?

Media coverage about MYRG stock has been trending very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. MYR Group earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned media stories about the utilities provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View the latest news aboutMYR Group.

Are investors shorting MYR Group?

MYR Group saw a increase in short interest in May. As of May 15th, there was short interest totaling 298,900 shares, an increase of 8.1% from the April 30th total of 276,600 shares. Based on an average daily trading volume, of 106,200 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.9% of the company's stock are sold short. View MYR Group's Current Options Chain.

Who are some of MYR Group's key competitors?

Some companies that are related to MYR Group include Jacobs Engineering Group (JEC), Aecom (ACM), Quanta Services (PWR), Emcor Group (EME), KBR (KBR), MasTec (MTZ), Fluor Co. (NEW) (FLR), Comfort Systems USA (FIX), Dycom Industries (DY), Ameresco (AMRC), Granite Construction (GVA), Primoris Services (PRIM), Great Lakes Dredge & Dock (GLDD), Argan (AGX) and Tutor Perini (TPC). View all competitors.

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 Alibaba Group (BABA), The Ensign Group (ENSG), Innovative Industrial Properties (IIPR), Avid Technology (AVID), Alphabet (GOOG), Gilead Sciences (GILD), Bank of America (BAC), Walt Disney (DIS), JPMorgan Chase & Co. (JPM) and Aphria (APHA).

Who are MYR Group's key executives?

MYR Group's management team includes the following people:

Mr. Richard S. Swartz Jr., Pres & CEO (Age 55)
Ms. Betty R. Johnson, Sr. VP, CFO & Treasurer (Age 61)
Mr. Gerald B. Engen Jr., Sr. VP (Age 68)
Mr. Tod M. Cooper, Sr. VP & COO of Transmission and Distribution (Age 54)
Mr. Jeffrey J. Waneka, Sr. VP and COO of Commercial & Industrial (Age 57)

What is MYR Group's stock symbol?

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

Who are MYR Group's major shareholders?

MYR Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.43%), Investment Counselors of Maryland LLC (4.56%), Victory Capital Management Inc. (4.15%), Victory Capital Management Inc. (4.15%), State Street Corp (3.18%) and Invesco Ltd. (2.23%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, 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 Victory Capital Management Inc., Victory Capital Management Inc., BlackRock Inc., Mackay Shields LLC, JPMorgan Chase & Co., Morgan Stanley, THB Asset Management, and Squarepoint Ops LLC. Company insiders that have sold MYR Group company stock in the last year include William A Koertner, and William Patterson. View insider buying and selling activity 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 Invesco Ltd., Investment Counselors of Maryland LLC, Rice Hall James & Associates LLC, Rice Hall James & Associates LLC, State Street Corp, Deutsche Bank AG, Dean Capital Management, and Grantham Mayo Van Otterloo & Co. LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is MYR Group's stock price today?

One share of MYRG stock can currently be purchased for approximately $30.54.

How big of a company is MYR Group?

MYR Group has a market capitalization of $509.59 million and generates $2.07 billion in revenue each year. The utilities provider earns $37.69 million in net income (profit) each year or $2.26 on an earnings per share basis. MYR Group employs 7,100 workers across the globe.

What is MYR Group's official website?

The official website for MYR Group is 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]

This page was last updated on 6/4/2020 by MarketBeat.com Staff