NASDAQ:MYRG MYR Group - MYRG Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MYR Group Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $126.01 +4.61 (+3.80%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$122.26▼$127.0050-Day Range$95.69▼$126.0152-Week Range$74.77▼$127.00Volume187,687 shsAverage Volume149,453 shsMarket Capitalization$2.10 billionP/E Ratio25.66Dividend YieldN/APrice Target$109.67 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media MYR Group MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside13.0% Downside$109.67 Price TargetShort InterestHealthy1.03% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.07Based on 11 Articles This WeekInsider TradingSelling Shares$4.28 M Sold Last QuarterProj. Earnings Growth21.65%From $5.68 to $6.91 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.12 out of 5 starsUtilities Sector54th out of 87 stocksWater, Sewer, & Utility Lines Industry5th out of 6 stocks 1.5 Analyst's Opinion Consensus RatingMYR Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $109.67, MYR Group has a forecasted downside of 13.0% from its current price of $126.01.Amount of Analyst CoverageMYR Group has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.03% of the float of MYR Group has been sold short.Short Interest Ratio / Days to CoverMYR Group has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in MYR Group has recently increased by 8.98%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldMYR Group does not currently pay a dividend.Dividend GrowthMYR Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MYRG. Previous Next 2.8 News and Social Media Coverage News SentimentMYR Group has a news sentiment score of 0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.43 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 11 news articles for MYR Group this week, compared to 2 articles on an average week.Search Interest15 people have searched for MYRG on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat Follows4 people have added MYR Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MYR Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,278,651.00 in company stock.Percentage Held by InsidersOnly 3.00% of the stock of MYR Group is held by insiders.Percentage Held by Institutions85.19% of the stock of MYR Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for MYR Group are expected to grow by 21.65% in the coming year, from $5.68 to $6.91 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MYR Group is 25.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.24.Price to Earnings Ratio vs. SectorThe P/E ratio of MYR Group is 25.66, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 106.68.Price to Book Value per Share RatioMYR Group has a P/B Ratio of 3.73. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MYR Group (NASDAQ:MYRG) StockMYR Group, Inc. is a holding company, which engages in the provision of electrical construction services. It operates through the Transmission and Distribution (T&D) and Commercial and Industrial (C&I) segments. The T&D segment offers a range of services on electric transmission and distribution networks and substation facilities. The C&I segment includes the design, installation, maintenance and repair of commercial and industrial wiring, installation of traffic networks and the installation of bridge, roadway, and tunnel lighting. The company was founded in 1995 and is headquartered in Thornton, CO.Read More Receive MYRG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MYR Group and its competitors with MarketBeat's FREE daily newsletter. Email Address MYRG Stock News HeadlinesApril 1, 2023 | americanbankingnews.comBetty R. Wynn Sells 2,787 Shares of MYR Group Inc. (NASDAQ:MYRG) StockApril 1, 2023 | americanbankingnews.comMYR Group Inc. (NASDAQ:MYRG) Director Maurice E. Moore Sells 9,004 SharesApril 2, 2023 | Vantage Point (Ad)The Market Crash Shield is A.I.Are you using the best technology to dominate April markets? This A.I. has traders doubting their methods. Attend This Live (FREE) A.I. Market Training. March 30, 2023 | americanbankingnews.comMYR Group Inc. (NASDAQ:MYRG) CEO Richard S. Jr. Swartz Sells 9,890 SharesMarch 29, 2023 | americanbankingnews.comMYR Group (NASDAQ:MYRG) Stock Rating Upgraded by StockNews.comMarch 28, 2023 | finance.yahoo.comMYR Group (NASDAQ:MYRG) shareholders have earned a 67% CAGR over the last three yearsMarch 27, 2023 | finance.yahoo.comMYR Group Inc. Announces Senior Leadership Succession PlanMarch 24, 2023 | seekingalpha.comMYRG MYR Group Inc.April 2, 2023 | Vantage Point (Ad)The Market Crash Shield is A.I.Are you using the best technology to dominate April markets? This A.I. has traders doubting their methods. Attend This Live (FREE) A.I. Market Training. March 21, 2023 | thestreet.comWhy MYR Group (MYRG) Stock Is Plummeting TodayMarch 21, 2023 | americanbankingnews.comMYR Group Inc. (NASDAQ:MYRG) to Post Q4 2023 Earnings of $1.68 Per Share, KeyCorp ForecastsMarch 16, 2023 | finance.yahoo.com5 Stocks With Recent Price Strength Amid Extreme VolatilityMarch 1, 2023 | finance.yahoo.comHere's Why MYR Group (MYRG) is a Great Momentum Stock to BuyMarch 1, 2023 | finance.yahoo.comMYR Group Inc. to Attend UBS Investor Conference in MarchFebruary 28, 2023 | finance.yahoo.comBest Momentum Stock to Buy for February 28thFebruary 27, 2023 | finance.yahoo.comMYR Group Inc. to Attend Sidoti Investor Conference in MarchFebruary 24, 2023 | finance.yahoo.comQ4 2022 MYR Group Inc Earnings CallFebruary 23, 2023 | finanznachrichten.deMYR Group, Inc.: MYR Group Inc. Announces Fourth-Quarter and Full Year 2022 ResultsFebruary 22, 2023 | finance.yahoo.comMYR Group Inc. Announces Fourth-Quarter and Full Year 2022 ResultsFebruary 21, 2023 | markets.businessinsider.comHere's what Wall Street expects from MYR Group's earnings reportFebruary 8, 2023 | finance.yahoo.comMYR Group Inc. Announces Fourth-Quarter and Full Year 2022 Earnings Release and Conference Call ScheduleFebruary 2, 2023 | finance.yahoo.comInvestors Will Want MYR Group's (NASDAQ:MYRG) Growth In ROCE To PersistJanuary 25, 2023 | nasdaq.comBlackRock Inc. Ups Stake in MYR Group Inc (MYRG)January 13, 2023 | finance.yahoo.comReasons to Add MYR Group (MYRG) to Your Portfolio Right NowJanuary 13, 2023 | finance.yahoo.comIs MYR Group Inc. (NASDAQ:MYRG) Potentially Undervalued?January 11, 2023 | finance.yahoo.comWhat Makes MYR (MYRG) a Good Fit for 'Trend Investing'January 9, 2023 | msn.comMYR Group CFO Betty Johnson to retire, to be succeeded by Kelly HuntingtonSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MYRG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MYR Group and its competitors with MarketBeat's FREE daily newsletter. Email Address MYRG Company Calendar Last Earnings2/22/2023Today4/01/2023Next Earnings (Estimated)4/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Water, sewer, & utility lines Sub-IndustryConstruction & Engineering SectorUtilities Current SymbolNASDAQ:MYRG CUSIP55405W10 CIK700923 Webwww.myrgroup.com Phone(303) 286-8000Fax847-290-1892Employees8,500Year Founded1891Price Target and Rating Average Stock Price Forecast$109.67 High Stock Price Forecast$120.00 Low Stock Price Forecast$99.00 Forecasted Upside/Downside-13.0%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$4.91 Trailing P/E Ratio25.66 Forward P/E Ratio22.18 P/E GrowthN/ANet Income$83.38 million Net Margins2.77% Pretax Margin3.80% Return on Equity15.42% Return on Assets6.42% Debt Debt-to-Equity Ratio0.07 Current Ratio1.33 Quick Ratio1.33 Sales & Book Value Annual Sales$3.01 billion Price / Sales0.70 Cash Flow$8.81 per share Price / Cash Flow14.30 Book Value$33.74 per share Price / Book3.73Miscellaneous Outstanding Shares16,670,000Free Float16,165,000Market Cap$2.10 billion OptionableOptionable Beta1.03 Social Links Key ExecutivesRichard S. SwartzPresident, Chief Executive Officer & DirectorKelly M. HuntingtonChief Financial & Accounting Officer & Senior VPJean A. LuberVice President-Information TechnologyTod M. CooperCOO-Transmission & Distribution, Senior VPJeffrey J. WanekaCOO-Commercial & Industrial, Senior VPKey CompetitorsPampa EnergíaNYSE:PAMTransAltaNYSE:TACChesapeake UtilitiesNYSE:CPKSJW GroupNYSE:SJWPrimo WaterNASDAQ:PRMWView All CompetitorsInsiders & InstitutionsRichard S Jr. SwartzSold 9,890 sharesTotal: $1.18 M ($119.09/share)Betty R WynnSold 2,787 sharesTotal: $331,903.83 ($119.09/share)Maurice E MooreSold 9,004 sharesTotal: $1.07 M ($119.21/share)Victory Capital Management Inc.Bought 128,881 shares on 3/10/2023Ownership: 3.812%Sheets Smith Wealth ManagementSold 1,595 shares on 3/8/2023Ownership: 0.073%View All Insider TransactionsView All Institutional Transactions MYRG Stock - Frequently Asked Questions Should I buy or sell MYR Group stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research 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 brokerages have issued 1-year price objectives for MYR Group's stock. Their MYRG share price forecasts range from $99.00 to $120.00. On average, they expect the company's stock price to reach $109.67 in the next year. This suggests that the stock has a possible downside of 13.0%. View analysts price targets for MYRG or view top-rated stocks among Wall Street analysts. How have MYRG shares performed in 2023? MYR Group's stock was trading at $92.07 at the beginning of 2023. Since then, MYRG stock has increased by 36.9% and is now trading at $126.01. View the best growth stocks for 2023 here. When is MYR Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023. View our MYRG earnings forecast. How were MYR Group's earnings last quarter? MYR Group Inc. (NASDAQ:MYRG) announced its quarterly earnings data on Wednesday, February, 22nd. The utilities provider reported $1.46 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.41. The utilities provider earned $863.96 million during the quarter, compared to analysts' expectations of $736.59 million. MYR Group had a net margin of 2.77% and a trailing twelve-month return on equity of 15.42%. The firm's revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.20 earnings per share. What ETFs hold MYR Group's stock? ETFs with the largest weight of MYR Group (NASDAQ:MYRG) stock in their portfolio include Invesco WilderHill Clean Energy ETF (PBW), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco DWA Industrials Momentum ETF (PRN), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Nuveen Small Cap Select ETF (NSCS), Invesco S&P SmallCap Quality ETF (XSHQ), iShares U.S. Infrastructure ETF (IFRA) and Royce Quant Small-Cap Quality Value ETF (SQLV). 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? 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), Walt Disney (DIS), Alphabet (GOOG), Gilead Sciences (GILD), JPMorgan Chase & Co. (JPM), Avid Technology (AVID), Bank of America (BAC) and Applied Materials (AMAT). What is MYR Group's stock symbol? MYR Group trades on the NASDAQ under the ticker symbol "MYRG." 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 $126.01. How much money does MYR Group make? MYR Group (NASDAQ:MYRG) has a market capitalization of $2.10 billion and generates $3.01 billion in revenue each year. The utilities provider earns $83.38 million in net income (profit) each year or $4.91 on an earnings per share basis. How many employees does MYR Group have? The company employs 8,500 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..Read More 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 4/2/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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