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NASDAQ:MYRG

MYR Group - MYRG Stock Forecast, Price & News

$97.46
-0.65 (-0.66%)
(As of 08/17/2022 10:02 AM ET)
Add
Compare
Today's Range
$97.31
$97.86
50-Day Range
$81.63
$99.93
52-Week Range
$74.77
$121.22
Volume
130 shs
Average Volume
78,847 shs
Market Capitalization
$1.62 billion
P/E Ratio
19.85
Dividend Yield
N/A
Price Target
$110.00

MYR Group MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
12.9% Upside
$110.00 Price Target
Short Interest
Bearish
2.44% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.22mentions of MYR Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$397,004 Sold Last Quarter
Proj. Earnings Growth
13.67%
From $4.90 to $5.57 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.83 out of 5 stars

Utilities Sector

82nd out of 93 stocks

Water, Sewer, & Utility Lines Industry

4th out of 6 stocks

MYRG stock logo

About MYR Group (NASDAQ:MYRG) Stock

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; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, 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 a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting for airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Henderson, Colorado.

Analyst Ratings Changes

MYRG has been the subject of a number of recent analyst reports. StockNews.com raised MYR Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 6th. Stifel Nicolaus increased their price target on MYR Group from $101.00 to $110.00 in a research note on Tuesday, August 2nd.

MYR Group Price Performance

Shares of MYR Group stock opened at $98.11 on Wednesday. The stock has a 50 day moving average of $89.97 and a 200 day moving average of $90.66. MYR Group has a 12 month low of $74.77 and a 12 month high of $121.22. The firm has a market cap of $1.63 billion, a PE ratio of 19.98 and a beta of 1.10. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.11.

MYR Group (NASDAQ:MYRG - Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.05. The business had revenue of $708.11 million during the quarter, compared to analyst estimates of $681.15 million. MYR Group had a return on equity of 16.18% and a net margin of 3.24%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company earned $1.24 EPS. On average, research analysts expect that MYR Group will post 4.9 EPS for the current fiscal year.

Insider Activity

In other news, COO Tod M. Cooper sold 3,877 shares of the firm's stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $97.02, for a total value of $376,146.54. Following the completion of the sale, the chief operating officer now directly owns 37,052 shares of the company's stock, valued at approximately $3,594,785.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.80% of the company's stock.

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MYRG Stock News Headlines

MYR Group Inc. (NASDAQ:MYRG) COO Sells $20,857.15 in Stock
MYR Group (NASDAQ:MYRG) PT Raised to $110.00 at Stifel Nicolaus
MYR Group: Q2 Earnings Insights
MYR Group (NASDAQ:MYRG) Cut to "Hold" at StockNews.com
MYR stock slips despite Q1 earnings beat
See More Headlines
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MYRG Company Calendar

Last Earnings
7/27/2022
Today
8/17/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Water, sewer, & utility lines
Sub-Industry
Construction & Engineering
Sector
Utilities
Current Symbol
NASDAQ:MYRG
CUSIP
55405W10
Employees
7,600
Year Founded
1891

Price Target and Rating

Average Stock Price Forecast
$110.00
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$110.00
Forecasted Upside/Downside
+12.9%
Consensus Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$85.01 million
Pretax Margin
4.33%

Debt

Sales & Book Value

Annual Sales
$2.50 billion
Cash Flow
$7.58 per share
Book Value
$31.88 per share

Miscellaneous

Free Float
16,191,000
Market Cap
$1.62 billion
Optionable
Optionable
Beta
1.10

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MYRG Stock - Frequently Asked Questions

What is MYR Group's stock price forecast for 2022?

0 brokerages have issued twelve-month price objectives for MYR Group's shares. Their MYRG share price forecasts range from $110.00 to $110.00. On average, they anticipate the company's stock price to reach $110.00 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price.
View analysts price targets for MYRG
or view top-rated stocks among Wall Street analysts.

How have MYRG shares performed in 2022?

MYR Group's stock was trading at $110.55 on January 1st, 2022. Since then, MYRG stock has decreased by 11.3% and is now trading at $98.11.
View the best growth stocks for 2022 here
.

When is MYR Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our MYRG earnings forecast
.

How were MYR Group's earnings last quarter?

MYR Group Inc. (NASDAQ:MYRG) issued its quarterly earnings data on Wednesday, July, 27th. The utilities provider reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.05. The utilities provider earned $708.11 million during the quarter, compared to analysts' expectations of $681.15 million. MYR Group had a net margin of 3.24% and a trailing twelve-month return on equity of 16.18%. The business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 earnings per share.

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?
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 shareholders include Macquarie Group Ltd. (6.00%), Principal Financial Group Inc. (4.06%), Millennium Management LLC (3.33%), State Street Corp (3.27%), Victory Capital Management Inc. (3.12%) and Northern Trust Corp (1.12%). Insiders that own company stock include Marc Prieur, Richard S Jr Swartz, Tod M Cooper, William A Koertner and William Patterson.
View institutional ownership trends
.

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 $98.11.

How much money does MYR Group make?

MYR Group (NASDAQ:MYRG) has a market capitalization of $1.63 billion and generates $2.50 billion in revenue each year. The utilities provider earns $85.01 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 7,600 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
When was MYR Group founded?

MYR Group was founded in 1891.

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 8/17/2022 by MarketBeat.com Staff

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