About MYR Group (NASDAQ:MYRG)
MYR 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.
Industry, Sector and Symbol
Industry UTIL-ELEC PWR
Sub-IndustryConstruction & Engineering
Trailing P/E Ratio23.7322834645669
Forward P/E Ratio16.03
Sales & Book Value
Annual Sales$1.40 billion
Price / Sales0.35
Cash Flow$2.91 per share
Price / Cash10.37
Book Value$17.44 per share
Price / Book1.73
Net Income$21.15 million
Return on Equity4.90%
Return on Assets2.28%
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 buyback plan on Thursday, August 3rd 2017, which permits the company to buyback $20,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock buyback plans are typically a sign 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 earnings results on Wednesday, March, 7th. The utilities provider reported $0.35 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.34 by $0.01. The utilities provider had revenue of $373.50 million for the quarter, compared to the consensus estimate of $373.85 million. MYR Group had a net margin of 1.51% and a return on equity of 4.90%. The firm's revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $0.48 earnings per share. View MYR Group's Earnings History.
When will MYR Group make its next earnings announcement?
Where is MYR Group's stock going? Where will MYR Group's stock price be in 2018?
6 Wall Street analysts have issued 1-year 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 $34.80 in the next year. View Analyst Ratings for MYR Group.
Who are some of MYR Group's key competitors?
Some companies that are related to MYR Group include Telecom plus (TEP), Kenon (KEN), Just Energy Group (JE), TerraForm Global (GLBL), Consolidated Communications (CNSL), Connecticut Water Service (CTWS), Unitil (UTL), Just Energy Group (JE), Middlesex Water (MSEX), Cincinnati Bell (CBB), Ameresco (AMRC), Frontier Communications (FTR), Sky Solar (SKYS), ERM Power (EPW), Alterra Power (AXY), Spark Energy (SPKE), York Water (YORW) and AquaVenture (WAAS).
Who are MYR Group's key executives?
MYR Group's management team includes the folowing people:
- Mr. William A. Koertner M.B.A., Exec. Chairman (Age 68)
- Mr. Richard S. Swartz Jr., Pres & CEO (Age 54)
- 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?
News coverage about MYRG stock has trended somewhat positive on Saturday, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MYR Group earned a news sentiment score of 0.16 on Accern's scale. They also assigned news articles about the utilities provider an impact score of 45.74 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are MYR Group's major shareholders?
MYR Group's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.14%), Macquarie Group Ltd. (5.71%), Victory Capital Management Inc. (5.11%), GCA Investment Management LLC (3.34%), Alliancebernstein L.P. (3.23%) and Thomson Horstmann & Bryant Inc. (2.09%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Henry W Fayne, Jack L Alexander, Kenneth Michael Hartwick, Larry F Altenbaumer, Richard S Jr Swartz, Tod M Cooper, William A Koertner and William Patterson. View Institutional Ownership Trends for MYR Group.
Which institutional investors are selling MYR Group stock?
MYRG stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Thrivent Financial For Lutherans, GCA Investment Management LLC, Corbyn Investment Management Inc. MD, QS Investors LLC, First Republic Investment Management Inc., Deutsche Bank AG and Pinebridge Investments L.P.. Company insiders that have sold MYR Group company stock in the last year include Gerald B Jr Engen, William A Koertner and William Patterson. View Insider Buying and Selling for MYR Group.
Which institutional investors are buying MYR Group stock?
MYRG stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Alliancebernstein L.P., Macquarie Group Ltd., BlackRock Inc., Thomson Horstmann & Bryant Inc., Wells Fargo & Company MN, Amundi Pioneer Asset Management Inc. and Keybank National Association OH. 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 $30.14.
How big of a company is MYR Group?
MYR Group has a market capitalization of $538.65 million and generates $1.40 billion in revenue each year. The utilities provider earns $21.15 million in net income (profit) each year or $1.27 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)MarketBeat's community ratings are surveys of what our community members think about MYR Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
MYR Group (NASDAQ:MYRG) Earnings History and Estimates Chart
MYR Group (NASDAQ MYRG) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/7/2018||Q4 2017||$0.34||$0.35||$373.85 million||$373.50 million||View||N/A|
|11/1/2017||Q3 2017||$0.48||$0.31||$350.80 million||$373.50 million||View||N/A|
|8/2/2017||Q2 2017||$0.34||$0.07||$310.57 million||$356.20 million||View||Listen|
|5/3/2017||Q1 2017||$0.29||$0.07||$300.97 million||$300.13 million||View||Listen|
|3/9/2017||Q4 2016||$0.40||$0.48||$291.69 million||$343.70 million||View||Listen|
|11/2/2016||Q316||$0.38||$0.38||$275.13 million||$283.30 million||View||N/A|
|8/3/2016||Q2||$0.33||$0.31||$279.96 million||$261.90 million||View||N/A|
|5/4/2016||Q116||$0.28||$0.10||$262.48 million||$253.63 million||View||N/A|
|3/3/2016||Q415||$0.31||$0.29||$273.65 million||$271.20 million||View||N/A|
|11/4/2015||Q3||$0.42||$0.29||$279.90 million||$269.90 million||View||N/A|
|8/5/2015||Q215||$0.40||$0.38||$261.04 million||$276.50 million||View||N/A|
|5/6/2015||Q115||$0.30||$0.34||$221.50 million||$244.10 million||View||N/A|
|3/11/2015||Q414||$0.37||$0.66||$246.62 million||$251.00 million||View||N/A|
|11/5/2014||Q314||$0.38||$0.39||$235.30 million||$248.50 million||View||N/A|
|8/6/2014||Q214||$0.41||$0.36||$228.90 million||$228.90 million||View||Listen|
|5/7/2014||Q114||$0.33||$0.29||$207.49 million||$215.64 million||View||Listen|
|3/5/2014||Q413||$0.40||$0.46||$227.46 million||$254.60 million||View||Listen|
|11/6/2013||Q313||$0.45||$0.45||$229.02 million||$232.89 million||View||N/A|
|8/7/2013||Q2 2013||$0.44||$0.44||$233.24 million||$214.00 million||View||N/A|
|5/8/2013||Q1 2013||$0.35||$0.32||$245.51 million||$201.34 million||View||N/A|
|3/6/2013||Q4 2012||$0.42||$0.46||$259.01 million||$247.80 million||View||N/A|
|11/7/2012||Q312||$0.44||$0.41||$259.45 million||$250.60 million||View||N/A|
MYR Group (NASDAQ:MYRG) Earnings Estimates
2018 EPS Consensus Estimate: $1.84
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for MYR Group (NASDAQ:MYRG)
No dividend announcements for this company have been tracked by MarketBeat.com
MYR Group (NASDAQ MYRG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.90%
Institutional Ownership Percentage: 89.25%
MYR Group (NASDAQ MYRG) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/20/2018||William A Koertner||Chairman||Sell||314||$35.00||$10,990.00||313,968|| |
|3/16/2018||William A Koertner||Chairman||Sell||20,978||$35.18||$738,006.04|| |
|7/28/2017||Gerald B Jr. Engen||VP||Sell||10,000||$32.00||$320,000.00||48,295|| |
|7/19/2017||Gerald B Jr. Engen||VP||Sell||8,790||$31.23||$274,511.70||58,295|| |
|7/17/2017||Gerald B Jr. Engen||VP||Sell||1,210||$31.01||$37,522.10||68,185|| |
|6/7/2017||William Patterson||Director||Sell||3,482||$30.10||$104,808.20||23,934|| |
|6/2/2017||Gerald B Jr. Engen||VP||Sell||10,000||$30.00||$300,000.00||68,295|| |
|6/2/2017||Kenneth Michael Hartwick||Director||Buy||1,000||$29.78||$29,780.00||2,625|| |
|3/14/2017||Gary Ronald Johnson||Director||Sell||8,000||$40.12||$320,960.00||29,102|| |
|3/14/2017||Gerald B Jr. Engen||VP||Sell||19,853||$40.41||$802,259.73||86,837|| |
|3/14/2017||Tod M Cooper||COO||Sell||8,412||$38.95||$327,647.40||31,590|| |
|12/6/2016||Gerald B Jr. Engen||VP||Sell||15,812||$38.00||$600,856.00||77,515|| |
|12/6/2016||William A Koertner||Chairman||Sell||8,679||$38.01||$329,888.79||303,016|| |
|12/5/2016||Richard S Jr. Swartz||COO||Sell||21,437||$38.01||$814,820.37||73,345|| |
|12/5/2016||William A Koertner||Chairman||Sell||10,000||$38.15||$381,500.00||294,737|| |
|12/1/2016||William A Koertner||Chairman||Sell||10,000||$38.02||$380,200.00||299,008|| |
|11/29/2016||Henry W Fayne||Director||Sell||2,760||$38.17||$105,349.20||25,007|| |
|11/14/2016||Jack L Alexander||Director||Sell||8,000||$36.06||$288,480.00||25,290|| |
|11/10/2016||Richard S Jr. Swartz||COO||Sell||32,000||$33.70||$1,078,400.00||95,786|| |
|11/10/2016||William A Koertner||Chairman||Sell||50,000||$33.10||$1,655,000.00||309,337|| |
|11/9/2016||Gerald B Jr. Engen||VP||Sell||32,000||$32.53||$1,040,960.00||102,219|| |
|11/3/2016||William A Koertner||Chairman||Sell||10,000||$31.00||$310,000.00||304,337|| |
|9/28/2016||William A Koertner||Chairman||Sell||10,000||$30.00||$300,000.00||304,337|| |
|9/22/2016||William A Koertner||Chairman||Sell||10,000||$29.50||$295,000.00||304,337|| |
|9/20/2016||William A Koertner||Chairman||Sell||30,000||$28.58||$857,400.00||304,337|| |
|8/18/2016||Tod M Cooper||Insider||Sell||9,212||$28.75||$264,845.00||34,319|| |
|5/10/2016||Larry F Altenbaumer||Director||Sell||8,000||$23.97||$191,760.00||28,062|| |
|9/11/2015||William H Green||VP||Sell||32,000||$27.02||$864,640.00||20,297|| |
|8/13/2015||William H Green||VP||Sell||11,000||$29.25||$321,750.00|| |
|3/26/2015||William A Koertner||CEO||Sell||19,732||$32.00||$631,424.00|| |
|3/25/2015||William A Koertner||CEO||Sell||15,000||$31.00||$465,000.00|| |
|3/23/2015||William A Koertner||CEO||Sell||15,000||$30.00||$450,000.00|| |
|12/11/2014||John A Fluss||VP||Sell||2,698||$26.03||$70,228.94|| |
|11/10/2014||Richard S Jr. Swartz||COO||Sell||11,265||$27.50||$309,787.50|| |
|8/14/2014||Paul J Evans||CFO||Buy||1,000||$23.15||$23,150.00|| |
|8/11/2014||Maurice E Moore||Director||Buy||2,000||$23.37||$46,740.00|| |
|7/3/2014||William A Koertner||CEO||Sell||10,000||$27.00||$270,000.00|| |
|5/13/2014||William Koertner||CEO||Sell||20,000||$25.78||$515,600.00||247,938|| |
|4/11/2014||William Koertner||CEO||Sell||10,000||$24.02||$240,200.00||247,938|| |
|11/29/2013||Gregory Wolf||CAO||Sell||5,000||$25.61||$128,050.00||25,505|| |
|10/18/2013||William A Koertner||CEO||Sell||10,000||$26.00||$260,000.00|| |
|10/11/2013||William Koertner||CEO||Sell||10,000||$25.00||$250,000.00||225,704|| |
|9/11/2013||William Koertner||CEO||Sell||10,000||$24.50||$245,000.00||225,704|| |
|9/9/2013||William A Koertner||CEO||Sell||20,000||$23.25||$465,000.00|| |
|8/26/2013||Tod Cooper||SVP||Sell||1,810||$22.38||$40,507.80||10,891|| |
|8/26/2013||William Green||VP||Sell||22,301||$22.44||$500,434.44||45,176|| |
|8/8/2013||William Koertner||CEO||Sell||10,000||$22.50||$225,000.00||225,704|| |
|7/22/2013||William A Koertner||CEO||Sell||30,000||$21.50||$645,000.00|| |
|7/11/2013||William A Koertner||CEO||Sell||9,900||$20.09||$198,891.00|| |
|12/4/2012||William H Green||VP||Sell||5,000||$22.00||$110,000.00|| |
|10/5/2012||William A Koertner||CEO||Sell||20,000||$21.49||$429,800.00|| |
MYR Group (NASDAQ MYRG) News Headlines
|Critical Analysis: American Electric Power (AEP) versus MYR Group (MYRG)|
www.americanbankingnews.com - March 24 at 9:12 AM
|MYR Group, Inc. (MYRG) Chairman Sells $10,990.00 in Stock|
www.americanbankingnews.com - March 22 at 4:30 PM
|MYR Group, Inc. (MYRG) Expected to Announce Quarterly Sales of $321.68 Million|
www.americanbankingnews.com - March 21 at 9:50 AM
|MYR Group, Inc. (MYRG) Chairman William A. Koertner Sells 20,978 Shares|
www.americanbankingnews.com - March 20 at 7:50 PM
|MYR Group Inc (MYRG) Expected to Post Earnings of $0.19 Per Share|
www.americanbankingnews.com - March 19 at 5:16 AM
|MYR Group Inc (MYRG) Given Average Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - March 18 at 3:27 PM
|Edited Transcript of MYRG earnings conference call or presentation 8-Mar-18 3:00pm GMT|
finance.yahoo.com - March 18 at 8:42 AM
|Zacks Investment Research Lowers MYR Group (MYRG) to Hold|
www.americanbankingnews.com - March 17 at 8:22 PM
|Zacks Investment Research Upgrades MYR Group (MYRG) to "Strong-Buy"|
www.americanbankingnews.com - March 13 at 7:54 AM
|KeyCorp Weighs in on MYR Group Inc's Q1 2018 Earnings (MYRG)|
www.americanbankingnews.com - March 12 at 1:54 AM
|MYR Group (MYRG) Lowered to Hold at Zacks Investment Research|
www.americanbankingnews.com - March 11 at 1:16 PM
|MYR Group (MYRG) PT Set at $40.00 by Robert W. Baird|
www.americanbankingnews.com - March 10 at 8:48 PM
|MYR Group (MYRG) PT Raised to $42.00|
www.americanbankingnews.com - March 9 at 9:07 PM
|MYR Group (MYRG) Earns "Outperform" Rating from Robert W. Baird|
www.americanbankingnews.com - March 9 at 6:56 PM
|MYR Group (MYRG) Announces Quarterly Earnings Results|
www.americanbankingnews.com - March 8 at 10:28 AM
|MYR tops 4Q profit forecasts|
finance.yahoo.com - March 7 at 6:01 PM
|When Should You Buy MYR Group Inc (NASDAQ:MYRG)?|
finance.yahoo.com - March 7 at 8:49 AM
|Zacks: Analysts Expect MYR Group Inc (MYRG) Will Announce Quarterly Sales of $375.20 Million|
www.americanbankingnews.com - March 4 at 12:14 PM
|Citadel Advisors LLC Increases Position in MYR Group Inc (MYRG)|
www.americanbankingnews.com - March 4 at 5:32 AM
|MYR Group Inc (MYRG) Expected to Post Earnings of $0.33 Per Share|
www.americanbankingnews.com - March 2 at 3:20 AM
|MYR Group Inc. Announces Fourth-Quarter and Full-Year 2017 Earnings Release and Conference Call Schedule|
finance.yahoo.com - February 28 at 5:39 PM
|MYR Group (MYRG) Set to Announce Quarterly Earnings on Wednesday|
www.americanbankingnews.com - February 28 at 1:40 AM
|MYR Group Inc (MYRG) Stake Lifted by Aperio Group LLC|
www.americanbankingnews.com - February 27 at 4:22 AM
|MYR Group Inc (MYRG) Position Reduced by KBC Group NV|
www.americanbankingnews.com - February 25 at 6:54 AM
|MYR Group Inc (MYRG) Receives Consensus Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - February 21 at 3:34 PM
|MYR Group Inc (MYRG) Expected to Post Quarterly Sales of $375.20 Million|
www.americanbankingnews.com - February 15 at 4:32 AM
|$0.33 Earnings Per Share Expected for MYR Group Inc (MYRG) This Quarter|
www.americanbankingnews.com - February 13 at 11:22 AM
|MYR Group (MYRG) Downgraded by ValuEngine to "Sell"|
www.americanbankingnews.com - February 4 at 8:40 PM
|Zacks: Brokerages Anticipate MYR Group Inc (MYRG) Will Post Quarterly Sales of $375.20 Million|
www.americanbankingnews.com - January 29 at 5:44 AM
|MYR Group Inc (MYRG) Given Consensus Rating of "Buy" by Analysts|
www.americanbankingnews.com - January 27 at 3:22 PM
|$0.33 EPS Expected for MYR Group Inc (MYRG) This Quarter|
www.americanbankingnews.com - January 27 at 11:44 AM
|Short Interest in MYR Group Inc (MYRG) Drops By 51.2%|
www.americanbankingnews.com - January 14 at 4:10 AM
|$375.20 Million in Sales Expected for MYR Group Inc (MYRG) This Quarter|
www.americanbankingnews.com - January 12 at 4:56 PM
|B. Riley Brokers Lift Earnings Estimates for MYR Group Inc (MYRG)|
www.americanbankingnews.com - January 8 at 10:36 AM
|MYR Group Inc (MYRG) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - January 2 at 3:40 PM
|$380.41 Million in Sales Expected for MYR Group Inc (MYRG) This Quarter|
www.americanbankingnews.com - December 26 at 10:22 AM
|BidaskClub Lowers MYR Group (MYRG) to Buy|
www.americanbankingnews.com - December 16 at 12:44 PM
|MYR Group, Inc. (MYRG) Expected to Post Quarterly Sales of $380.41 Million|
www.americanbankingnews.com - December 9 at 2:32 PM
|MYR Group, Inc. (MYRG) Receives Consensus Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - December 8 at 8:14 PM
|Zacks: Analysts Expect MYR Group, Inc. (MYRG) Will Post Earnings of $0.33 Per Share|
www.americanbankingnews.com - December 7 at 7:56 AM
|MYR Group (MYRG) and Pike (PIKE) Head-To-Head Comparison|
www.americanbankingnews.com - November 27 at 5:22 PM
|ETFs with exposure to MYR Group, Inc. : November 27, 2017|
finance.yahoo.com - November 27 at 4:50 PM
|Head-To-Head Review: MYR Group (MYRG) vs. Pike (PIKE)|
www.americanbankingnews.com - November 26 at 11:46 AM
|Critical Review: MYR Group (MYRG) & Pike (PIKE)|
www.americanbankingnews.com - November 26 at 9:24 AM
|KeyCorp Reaffirms Hold Rating for MYR Group, Inc. (MYRG)|
www.americanbankingnews.com - November 24 at 8:49 AM
|MYR Group (MYRG) & Pike Corp (PIKE) Financial Analysis|
www.americanbankingnews.com - November 23 at 5:24 AM
|Contrasting MYR Group (MYRG) & Pike Corp (PIKE)|
www.americanbankingnews.com - November 22 at 10:06 AM
|Zacks: Analysts Anticipate MYR Group, Inc. (MYRG) Will Announce Quarterly Sales of $380.41 Million|
www.americanbankingnews.com - November 21 at 11:04 AM
|MYR Group, Inc. (MYRG) Rating Increased to B- at TheStreet|
www.americanbankingnews.com - November 18 at 9:06 AM
|MYR Group, Inc. (MYRG) Forecasted to Earn FY2017 Earnings of $0.80 Per Share|
www.americanbankingnews.com - November 17 at 8:30 PM
MYR Group (NASDAQ:MYRG) SEC Filings
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MYR Group (NASDAQ:MYRG) Income Statement, Balance Sheet and Cash Flow Statement
MYR Group (NASDAQ MYRG) Stock Chart for Saturday, March, 24, 2018