MYR Group Stock Price, News & Analysis (NASDAQ:MYRG)

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

MYR Group Inc (NASDAQ:MYRG) posted its quarterly earnings data on Wednesday, July, 31st. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by $0.17. The utilities provider had revenue of $448.80 million for the quarter, compared to analysts' expectations of $445.20 million. MYR Group had a return on equity of 10.15% and a net margin of 1.88%. The business's quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. View MYR Group's Earnings History.

MYR Group is scheduled to release their next quarterly earnings announcement on Wednesday, October 30th 2019. View Earnings Estimates for MYR Group.

6 equities research analysts have issued 12-month price targets for MYR Group's shares. Their forecasts range from $34.00 to $39.00. On average, they expect MYR Group's stock price to reach $36.33 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.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MYR Group.

Media headlines about MYRG stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press 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 2.0 on InfoTrie's scale. They also assigned news headlines about the utilities provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for MYR Group.

MYR Group saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 318,900 shares, an increase of 24.4% from the August 30th total of 256,400 shares. Based on an average daily volume of 65,800 shares, the days-to-cover ratio is presently 4.8 days. Currently, 2.0% of the company's stock are sold short. View MYR Group's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other MYR Group investors own include Mondi (MNDI), Gilead Sciences (GILD), Iridium Communications (IRDM), Visa (V), CarGurus (CARG), Celgene (CELG), Lincoln Electric (LECO), NeoGenomics (NEO), PRA Health Sciences (PRAH) and Paypal (PYPL).

MYR Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.08%) and Meeder Asset Management Inc. (0.01%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Jeffrey J Waneka and William A Koertner. View Institutional Ownership Trends for MYR Group.

MYRG stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue and Meeder Asset Management Inc.. 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, Robinhood, Fidelity and Charles Schwab.

One share of MYRG stock can currently be purchased for approximately $32.99.

MYR Group has a market capitalization of $547.63 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.View Additional Information About MYR Group.

The official website for MYR Group is http://www.myrgroup.com/.

MYR Group's mailing address is 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL, 60008-4210. The utilities provider can be reached via phone at 847-290-1891 or via email at [email protected]