NASDAQ:MYRG - MYR Group Stock Price, Price Target & More

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$36.28 +0.30 (+0.83 %)
(As of 06/24/2018 04:00 PM ET)
Previous Close$36.28
Today's Range$35.85 - $36.52
52-Week Range$23.00 - $40.81
Volume375,403 shs
Average Volume71,279 shs
Market Capitalization$592.50 million
P/E Ratio44.79
Dividend YieldN/A
Beta0.59
MYR Group logoMYR 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
SymbolNASDAQ:MYRG
CUSIP55405W10
Phone847-290-1891

Debt

Debt-to-Equity Ratio0.24
Current Ratio2.00
Quick Ratio2.00

Price-To-Earnings

Trailing P/E Ratio44.79
Forward P/E Ratio18.32
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.40 billion
Price / Sales0.43
Cash Flow$3.1797 per share
Price / Cash11.41
Book Value$17.44 per share
Price / Book2.08

Profitability

EPS (Most Recent Fiscal Year)$0.81
Net Income$21.15 million
Net Margins1.77%
Return on Equity6.06%
Return on Assets2.84%

Miscellaneous

Employees5,275
Outstanding Shares16,470,000

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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 announced that its Board of Directors has initiated a stock repurchase program on Thursday, August 3rd 2017, which allows the company to buyback $20,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

How were MYR Group's earnings last quarter?

MYR Group Inc (NASDAQ:MYRG) released its quarterly earnings data on Wednesday, May, 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.17 by $0.17. The utilities provider earned $345.60 million during the quarter, compared to analyst estimates of $320.64 million. MYR Group had a net margin of 1.77% and a return on equity of 6.06%. The firm's revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 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 Tuesday, July, 31st 2018. View Earnings Estimates for MYR Group.

What price target have analysts set for MYRG?

6 equities research analysts have issued 12-month price objectives for MYR Group's stock. Their forecasts range from $28.00 to $42.00. On average, they expect MYR Group's stock price to reach $34.60 in the next twelve months. View Analyst Ratings for MYR Group.

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).

Who are MYR Group's key executives?

MYR Group's management team includes the folowing people:
  • Mr. Richard S. Swartz Jr., Pres & CEO (Age 54)
  • Mr. William A. Koertner M.B.A., Director (Age 68)
  • Ms. Betty R. Johnson, Sr. VP, CFO & Treasurer (Age 60)
  • Mr. Gerald B. Engen Jr., Sr. VP, Chief Legal Officer & Sec. (Age 67)
  • Mr. Tod M. Cooper, Sr. VP & COO of Transmission and Distribution (Age 53)

Has MYR Group been receiving favorable news coverage?

Press coverage about MYRG stock has been trending somewhat negative on Sunday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MYR Group earned a media sentiment score of -0.04 on Accern's scale. They also gave media stories about the utilities provider an impact score of 48.87 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Who are MYR Group's major shareholders?

MYR Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.28%), Dimensional Fund Advisors LP (8.40%), Victory Capital Management Inc. (7.27%), JPMorgan Chase & Co. (3.49%), Thomson Horstmann & Bryant Inc. (2.00%) and Corbyn Investment Management Inc. MD (1.66%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Henry W Fayne, Jack L Alexander, Jeffrey J Waneka, Kenneth Michael Hartwick, Richard S Jr Swartz, Tod M Cooper, 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 Thrivent Financial for Lutherans, RMB Capital Management LLC, JPMorgan Chase & Co., GSA Capital Partners LLP, Thomson Horstmann & Bryant Inc., Wells Fargo & Company MN, Fisher Asset Management LLC and O Shaughnessy Asset Management LLC. Company insiders that have sold MYR Group company stock in the last year include Gerald B Jr Engen, Jeffrey J Waneka and William A Koertner. View Insider Buying and Selling 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 Victory Capital Management Inc., Schwab Charles Investment Management Inc., BlackRock Inc., Dynamic Technology Lab Private Ltd, Cambria Investment Management L.P., Trexquant Investment LP, Barclays PLC and Citadel Advisors 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 $36.28.

How big of a company is MYR Group?

MYR Group has a market capitalization of $592.50 million and generates $1.40 billion in revenue each year. The utilities provider earns $21.15 million in net income (profit) each year or $0.81 on an earnings per share basis. MYR Group employs 5,275 workers across the globe.

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 (MYRG)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  191 (Vote Outperform)
Underperform Votes:  231 (Vote Underperform)
Total Votes:  422
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 6/24/2018 by MarketBeat.com Staff

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