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NASDAQ:MYRGMYR Group Stock Price, Forecast & News

$26.55
+0.09 (+0.34 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$25.93
Now: $26.55
$26.58
50-Day Range
$22.21
MA: $25.56
$28.35
52-Week Range
$16.33
Now: $26.55
$38.14
Volume39,683 shs
Average Volume90,985 shs
Market Capitalization$443.01 million
P/E Ratio11.06
Dividend YieldN/A
Beta0.79
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 industry. Its services include construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, and renewable power facilities; and limited gas construction services, as well as 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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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.24 out of 5 stars


Industry, Sector and Symbol

Industry Water, sewer, & utility lines
Sub-IndustryConstruction & Engineering
SectorUtilities
Current SymbolNASDAQ:MYRG
CUSIP55405W10
Phone847-290-1891

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.07 billion
Cash Flow$4.93 per share
Book Value$21.89 per share

Profitability

Net Income$37.69 million

Miscellaneous

Employees7,100
Market Cap$443.01 million
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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MYR Group (NASDAQ:MYRG) Frequently Asked Questions

How has MYR Group's stock been impacted by COVID-19 (Coronavirus)?

MYR Group's stock was trading at $25.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MYRG shares have increased by 5.5% and is now trading at $26.55. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of MYR Group?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for MYR Group.

When is MYR Group's next earnings date?

MYR Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for MYR Group.

How were MYR Group's earnings last quarter?

MYR Group Inc (NASDAQ:MYRG) issued its quarterly earnings data on Wednesday, April, 29th. The utilities provider reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.07. The utilities provider earned $518.47 million during the quarter, compared to the consensus estimate of $545.66 million. MYR Group had a net margin of 1.90% and a return on equity of 11.27%. View MYR Group's earnings history.

What price target have analysts set for MYRG?

2 analysts have issued 12-month price targets for MYR Group's shares. Their forecasts range from $27.00 to $30.00. On average, they expect MYR Group's stock price to reach $28.50 in the next year. This suggests a possible upside of 7.3% from the stock's current price. View analysts' price targets for MYR Group.

Has MYR Group been receiving favorable news coverage?

Press coverage about MYRG stock has been trending very positive this week, InfoTrie reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. 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 daily sentiment score of 4.0 on InfoTrie's scale. They also gave news coverage about the utilities provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news aboutMYR Group.

Are investors shorting MYR Group?

MYR Group saw a increase in short interest in May. As of May 15th, there was short interest totaling 298,900 shares, an increase of 8.1% from the April 30th total of 276,600 shares. Based on an average daily volume of 106,200 shares, the short-interest ratio is currently 2.8 days. Approximately 1.9% of the shares of the company are short sold. View MYR Group's Current Options Chain.

Who are some of MYR Group's key competitors?

What other stocks do shareholders of MYR Group own?

Who are MYR Group's key executives?

MYR Group's management team includes the following people:
  • Mr. Richard S. Swartz Jr., Pres & CEO (Age 55)
  • Ms. Betty R. Johnson, Sr. VP, CFO & Treasurer (Age 61)
  • Mr. Gerald B. Engen Jr., Sr. VP (Age 68)
  • Mr. Tod M. Cooper, Sr. VP & COO of Transmission and Distribution (Age 54)
  • Mr. Jeffrey J. Waneka, Sr. VP and COO of Commercial & Industrial (Age 57)

What is MYR Group's stock symbol?

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

Who are MYR Group's major shareholders?

MYR Group's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.43%), Investment Counselors of Maryland LLC (4.56%), Victory Capital Management Inc. (4.15%), Victory Capital Management Inc. (4.15%), State Street Corp (3.18%) and Invesco Ltd. (2.23%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, 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 Victory Capital Management Inc., Victory Capital Management Inc., BlackRock Inc., Mackay Shields LLC, JPMorgan Chase & Co., Morgan Stanley, THB Asset Management, and Squarepoint Ops LLC. Company insiders that have sold MYR Group company stock in the last year include William A Koertner, and William Patterson. View insider buying and selling activity for MYR Group.

Which major investors are buying MYR Group stock?

MYRG stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Investment Counselors of Maryland LLC, Rice Hall James & Associates LLC, State Street Corp, Deutsche Bank AG, Dean Capital Management, Grantham Mayo Van Otterloo & Co. LLC, and AJO LP. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is MYR Group's stock price today?

One share of MYRG stock can currently be purchased for approximately $26.55.

How big of a company is MYR Group?

MYR Group has a market capitalization of $443.01 million and generates $2.07 billion in revenue each year. The utilities provider earns $37.69 million in net income (profit) each year or $2.26 on an earnings per share basis. MYR Group employs 7,100 workers across the globe.

What is MYR Group's official website?

The official website for MYR Group is www.myrgroup.com.

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]

This page was last updated on 5/25/2020 by MarketBeat.com Staff

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