NASDAQ:MYRG

MYR Group Stock Forecast, Price & News

$95.63
-1.53 (-1.57 %)
(As of 07/30/2021 04:30 PM ET)
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Today's Range
$94.44
$97.59
50-Day Range
$81.49
$97.16
52-Week Range
$33.68
$98.37
Volume113,931 shs
Average Volume137,981 shs
Market Capitalization$1.61 billion
P/E Ratio23.55
Dividend YieldN/A
Beta1.08
30 days | 90 days | 365 days | Advanced Chart
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MYR Group logo

About MYR Group

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates through two segments, Transmission and Distribution, and Commercial and Industrial. The company's 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. Its 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, renewable energy projects, 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, governmental agencies, and developers. MYR Group Inc. was founded in 1891 and is headquartered in Henderson, Colorado.

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MarketRank

Overall MarketRank

1.63 out of 5 stars

Utilities Sector

95th out of 290 stocks

Water, Sewer, & Utility Lines Industry

5th out of 7 stocks

Analyst Opinion: 1.5Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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MYR Group (NASDAQ:MYRG) Frequently Asked Questions

Is MYR Group a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MYR Group stock.
View analyst ratings for MYR Group
or view top-rated stocks.

What stocks does MarketBeat like better than MYR Group?

Wall Street analysts have given MYR Group a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MYR Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting MYR Group?

MYR Group saw a drop in short interest in July. As of July 15th, there was short interest totaling 368,700 shares, a drop of 25.0% from the June 30th total of 491,900 shares. Based on an average daily volume of 133,900 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.3% of the company's stock are short sold.
View MYR Group's Short Interest
.

When is MYR Group's next earnings date?

MYR Group is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for MYR Group
.

How were MYR Group's earnings last quarter?

MYR Group Inc. (NASDAQ:MYRG) posted its quarterly earnings results on Wednesday, July, 28th. The utilities provider reported $1.24 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.03 by $0.21. MYR Group had a trailing twelve-month return on equity of 16.41% and a net margin of 2.96%.
View MYR Group's earnings history
.

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

MYR Group's stock was trading at $25.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MYRG shares have increased by 280.1% and is now trading at $95.63.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for MYRG?

1 analysts have issued 12-month price objectives for MYR Group's shares. Their forecasts range from $66.00 to $66.00. On average, they anticipate MYR Group's stock price to reach $66.00 in the next twelve months. This suggests that the stock has a possible downside of 31.0%.
View analysts' price targets for MYR Group
or view top-rated stocks among Wall Street analysts.

Who are MYR Group's key executives?

MYR Group's management team includes the following people:
  • Mr. Richard S. Swartz Jr., Pres, CEO & Director (Age 57, Pay $2M)
  • Ms. Betty R. Johnson, Sr. VP & CFO (Age 63, Pay $1.02M)
  • Mr. William F. Fry, VP, Chief Legal Officer & Corp. Sec. (Age 46, Pay $791.99k)
  • Mr. Tod M. Cooper, Sr. VP & COO of Transmission and Distribution (Age 56, Pay $1.03M)
  • Mr. Jeffrey J. Waneka, Sr. VP and COO of Commercial & Industrial (Age 59, Pay $939.75k)
  • Ms. Kristine Walczak, Sr. VP, Dresner Corp. Service
  • Doreen L. Keller, VP of HR

What is Richard Swartz's approval rating as MYR Group's CEO?

15 employees have rated MYR Group CEO Richard Swartz on Glassdoor.com. Richard Swartz has an approval rating of 92% among MYR Group's employees. This puts Richard Swartz in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of MYR Group's key competitors?

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 variety of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.07%) and Paragon Wealth Strategies LLC (0.00%). Company insiders that own MYR Group stock include Marc Prieur, Richard S Jr Swartz, Tod M Cooper, William A Koertner and William Patterson.
View institutional ownership trends 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 Paragon Wealth Strategies LLC, and State of Alaska Department of Revenue.
View insider buying and selling activity for MYR Group
or or view top insider-buying stocks.

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 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 $95.63.

How much money does MYR Group make?

MYR Group has a market capitalization of $1.61 billion and generates $2.25 billion in revenue each year. The utilities provider earns $58.76 million in net income (profit) each year or $3.48 on an earnings per share basis.

How many employees does MYR Group have?

MYR Group employs 7,200 workers across the globe.

Does MYR Group have any subsidiaries?

The following companies are subsidiares of MYR Group: E.S. Boulos Company, GSW Integrated Services LLC, Great Southwestern Construction Inc., Harlan Electric Company, High Country Line Construction 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., MYR Transmission Services Inc., Northern Transmission Services Ltd., Sturgeon Electric California LLC, Sturgeon Electric Company Inc., The L. E. Myers Co., and Western Pacific Enterprises Ltd..

When was MYR Group founded?

MYR Group was founded in 1891.

What is MYR Group's official website?

The official website for MYR Group is www.myrgroup.com.

Where are MYR Group's headquarters?

MYR Group is headquartered at 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL, 60008.

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 7/30/2021 by MarketBeat.com Staff
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