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

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

MYR Group announced that its Board of Directors has approved a stock repurchase program on Thursday, August 3rd 2017, which authorizes the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

MYR Group Inc (NASDAQ:MYRG) posted its quarterly earnings results on Wednesday, October, 31st. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by $0.06. The utilities provider earned $399.50 million during the quarter, compared to analysts' expectations of $404.01 million. MYR Group had a return on equity of 8.49% and a net margin of 2.33%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. View MYR Group's Earnings History.

MYR Group is scheduled to release their next quarterly earnings announcement on Wednesday, March 6th 2019. View Earnings Estimates for MYR Group.

7 brokerages have issued 12-month price targets for MYR Group's shares. Their predictions range from $36.00 to $42.00. On average, they expect MYR Group's share price to reach $39.50 in the next year. This suggests a possible upside of 40.2% from the stock's current price. View Analyst Price Targets for MYR Group.

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

Media headlines about MYRG stock have been trending somewhat positive this week, InfoTrie reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. MYR Group earned a daily sentiment score of 1.9 on InfoTrie's scale. They also gave media headlines about the utilities provider a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future.

Some companies that are related to MYR Group include MasTec (MTZ), Dycom Industries (DY), Primoris Services (PRIM), Aegion (AEGN) and Preformed Line Products (PLPC).

MYR Group's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.23%), Victory Capital Management Inc. (8.65%), Dimensional Fund Advisors LP (8.40%), Macquarie Group Ltd. (7.70%), Vanguard Group Inc. (5.81%) and Vanguard Group Inc (5.81%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Jeffrey J Waneka, Kenneth Michael Hartwick, Tod M Cooper, 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 Alliancebernstein L.P., State Board of Administration of Florida Retirement System, JPMorgan Chase & Co., JPMorgan Chase & Co., Fisher Asset Management LLC, Los Angeles Capital Management & Equity Research Inc., First Trust Advisors LP and Prudential Financial Inc.. Company insiders that have sold MYR Group company stock in the last year include Jeffrey J Waneka and William A Koertner. View Insider Buying and Selling for MYR Group.

MYRG stock was acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Victory Capital Management Inc., BlackRock Inc., Putnam Investments LLC, Wells Fargo & Company MN, Citadel Advisors LLC, Renaissance Technologies LLC and ClariVest Asset Management LLC. 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, Scottrade, Fidelity and Charles Schwab.

One share of MYRG stock can currently be purchased for approximately $28.18.

MYR Group has a market capitalization of $461.83 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.

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]