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NASDAQ:MYRG

MYR Group - MYRG Stock Forecast, Price & News

$91.77
+0.04 (+0.04%)
(As of 12/7/2022 11:57 AM ET)
Add
Compare
Today's Range
$91.17
$92.74
50-Day Range
$80.28
$97.47
52-Week Range
$74.77
$113.67
Volume
1,104 shs
Average Volume
75,658 shs
Market Capitalization
$1.52 billion
P/E Ratio
19.74
Dividend Yield
N/A
Price Target
$101.33

MYR Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
10.3% Upside
$101.33 Price Target
Short Interest
Healthy
1.44% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.05mentions of MYR Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.03%
From $4.45 to $5.03 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Utilities Sector

56th out of 87 stocks

Water, Sewer, & Utility Lines Industry

4th out of 5 stocks

MYRG stock logo

About MYR Group (NASDAQ:MYRG) Stock

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; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, 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 a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting for airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Henderson, Colorado.

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MYRG Stock News Headlines

MYR Group (NASDAQ:MYRG) Rating Increased to Buy at StockNews.com
Baird Upgrades MYR Group to Outperform
MYR Group: Q3 Earnings Insights
MYR Group: Q2 Earnings Insights
See More Headlines
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MYRG Company Calendar

Last Earnings
10/26/2022
Today
12/07/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/22/2023

Industry, Sector and Symbol

Industry
Water, sewer, & utility lines
Sub-Industry
Construction & Engineering
Sector
Utilities
Current Symbol
NASDAQ:MYRG
CUSIP
55405W10
Employees
7,600
Year Founded
1891

Price Target and Rating

Average Stock Price Forecast
$101.33
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
+10.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$85.01 million
Pretax Margin
3.87%

Debt

Sales & Book Value

Annual Sales
$2.50 billion
Cash Flow
$7.73 per share
Book Value
$30.77 per share

Miscellaneous

Free Float
16,136,000
Market Cap
$1.52 billion
Optionable
Optionable
Beta
1.05

Social Links


Key Executives

  • Mr. Richard S. Swartz Jr.Mr. Richard S. Swartz Jr. (Age 58)
    Pres, CEO & Director
    Comp: $2.24M
  • Ms. Betty R. Johnson (Age 64)
    Sr. VP & CFO
    Comp: $1.13M
  • Mr. William F. Fry (Age 47)
    VP, Chief Legal Officer & Sec.
    Comp: $947.24k
  • Mr. Tod M. Cooper (Age 57)
    Sr. VP & COO of Transmission and Distribution
    Comp: $1.18M
  • Mr. Jeffrey J. Waneka (Age 60)
    Sr. VP and COO of Commercial & Industrial
    Comp: $1.01M
  • Mr. A. James Barrett
    VP of HR
  • Ms. Jennifer L. Harper
    VP & Treasurer













MYRG Stock - Frequently Asked Questions

Should I buy or sell MYR Group stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued 1-year price targets for MYR Group's shares. Their MYRG share price forecasts range from $95.00 to $110.00. On average, they predict the company's stock price to reach $101.33 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for MYRG
or view top-rated stocks among Wall Street analysts.

How have MYRG shares performed in 2022?

MYR Group's stock was trading at $110.55 at the start of the year. Since then, MYRG stock has decreased by 17.0% and is now trading at $91.73.
View the best growth stocks for 2022 here
.

Are investors shorting MYR Group?

MYR Group saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 232,900 shares, a decrease of 19.9% from the October 31st total of 290,700 shares. Based on an average daily volume of 92,800 shares, the short-interest ratio is currently 2.5 days. Approximately 1.4% of the shares of the company are short sold.
View MYR Group's Short Interest
.

When is MYR Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our MYRG earnings forecast
.

How were MYR Group's earnings last quarter?

MYR Group Inc. (NASDAQ:MYRG) released its quarterly earnings results on Wednesday, October, 26th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by $0.10. The utilities provider had revenue of $799.85 million for the quarter, compared to analyst estimates of $724.60 million. MYR Group had a net margin of 2.85% and a trailing twelve-month return on equity of 14.98%.

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."

Who are MYR Group's major shareholders?

MYR Group's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.42%), Vanguard Group Inc. (7.40%), Dimensional Fund Advisors LP (6.81%), Macquarie Group Ltd. (6.13%), State Street Corp (3.29%) and Victory Capital Management Inc. (3.05%). Insiders that own company stock include Betty R Johnson, Marc Prieur, Richard S Jr Swartz, Tod M Cooper and William A Koertner.
View institutional ownership trends
.

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 $91.73.

How much money does MYR Group make?

MYR Group (NASDAQ:MYRG) has a market capitalization of $1.52 billion and generates $2.50 billion in revenue each year. The utilities provider earns $85.01 million in net income (profit) each year or $4.65 on an earnings per share basis.

How many employees does MYR Group have?

The company employs 7,600 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 12/7/2022 by MarketBeat.com Staff