NASDAQ:MYRG - MYR Group Stock Price, Forecast & News

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

MYR Group Inc (NASDAQ:MYRG) issued its quarterly earnings data on Wednesday, October, 30th. The utilities provider reported $0.62 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.58 by $0.04. The utilities provider earned $583.21 million during the quarter, compared to analysts' expectations of $503.87 million. MYR Group had a return on equity of 10.57% and a net margin of 1.83%. The firm's revenue for the quarter was up 46.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. View MYR Group's Earnings History.

MYR Group is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for MYR Group.

3 brokerages have issued 12 month target prices for MYR Group's stock. 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 year. This suggests a possible upside of 18.7% from the stock's current price. View Analyst Price Targets for MYR Group.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MYR Group.

News headlines about MYRG stock have been trending somewhat positive on Monday, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MYR Group earned a coverage optimism score of 1.6 on InfoTrie's scale. They also assigned news stories about the utilities provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for MYR Group.

MYR Group saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 299,600 shares, an increase of 7.3% from the January 15th total of 279,300 shares. Based on an average daily volume of 78,800 shares, the days-to-cover ratio is presently 3.8 days. Approximately 1.9% 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), Emcor Group (EME), MasTec (MTZ), KBR (KBR), Fluor Co. (NEW) (FLR), Comfort Systems USA (FIX), Dycom Industries (DY), Granite Construction (GVA), Primoris Services (PRIM), Ameresco (AMRC), Argan (AGX), Aegion (AEGN) and Great Lakes Dredge & Dock (GLDD).

Based on aggregate information from My MarketBeat watchlists, some companies that other MYR Group investors own include Gilead Sciences (GILD), Deutsche Bank (DB), CarGurus (CARG), Iridium Communications (IRDM), NeoGenomics (NEO), Stitch Fix (SFIX), Titan Machinery (TITN), Chewy (CHWY), Dominion Energy (D) and Diebold Nixdorf (DBD).

MYR Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (4.66%), Victory Capital Management Inc. (4.66%), Investment Counselors of Maryland LLC (4.26%), State Street Corp (2.92%), Charles Schwab Investment Management Inc. (1.40%) and Corbyn Investment Management Inc. MD (1.30%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Jeffrey J Waneka, William A Koertner and William Patterson. View Institutional Ownership Trends for MYR Group.

MYRG stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., AJO LP, Morgan Dempsey Capital Management LLC, THB Asset Management, Mackay Shields LLC, US Bancorp DE and Captrust Financial Advisors. Company insiders that have sold MYR Group company stock in the last year include Gary Ronald Johnson, Gerald B Jr Engen, William A Koertner and William Patterson. View Insider Buying and Selling for MYR Group.

MYRG stock was bought by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, California Public Employees Retirement System, Cubist Systematic Strategies LLC, Marshall Wace LLP, Bank of Montreal Can, AQR Capital Management LLC, Renaissance Technologies LLC and Jacobs Levy Equity 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 $30.62.

MYR Group has a market capitalization of $509.82 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. The utilities provider can be reached via phone at 847-290-1891 or via email at [email protected]