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NASDAQ:MYRGMYR Group Stock Price, Forecast & News

$29.99
-0.18 (-0.60 %)
(As of 07/14/2020 12:57 PM ET)
Add
Compare
Today's Range
$29.99
Now: $29.99▼
$30.49
50-Day Range
$26.55
MA: $29.86▼
$32.68
52-Week Range
$16.33
Now: $29.99▼
$38.14
Volume2,253 shs
Average Volume87,765 shs
Market Capitalization$500.53 million
P/E Ratio12.50
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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MYR Group logo

Beat the Market (BTM) Rank™

Analyst Opinion: 1.2Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.25 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Water, sewer, & utility lines
Sub-IndustryConstruction & Engineering
SectorUtilities
Current SymbolNASDAQ:MYRG
Previous Symbol
CUSIP55405W10
CIK700923
Webwww.myrgroup.com
Phone847-290-1891

Debt

Debt-to-Equity Ratio0.46
Current Ratio1.66
Quick Ratio1.66

Price-To-Earnings

Trailing P/E Ratio12.50
Forward P/E Ratio12.24
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.07 billion
Price / Sales0.24
Cash Flow$4.97 per share
Price / Cash Flow6.04
Book Value$21.89 per share
Price / Book1.37

Profitability

EPS (Most Recent Fiscal Year)$2.26
Net Income$37.69 million
Net Margins1.90%
Return on Equity11.27%
Return on Assets4.24%

Miscellaneous

Employees7,100
Outstanding Shares16,690,000
Market Cap$500.53 million
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable
NASDAQ:MYRG Rates by TradingView

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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 (WHO). Since then, MYRG stock has increased by 19.2% and is now trading at $29.99. View which stocks have been most impacted by Coronavirus.

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 2 hold ratings and 1 buy rating 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, beating the Zacks' consensus estimate of $0.52 by $0.07. The utilities provider had revenue of $518.47 million for the quarter, compared to analyst estimates 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?

3 brokerages have issued 1 year price targets for MYR Group's shares. Their forecasts range from $27.00 to $40.00. On average, they anticipate MYR Group's share price to reach $32.33 in the next year. This suggests a possible upside of 7.8% from the stock's current price. View analysts' price targets for MYR Group.

Has MYR Group been receiving favorable news coverage?

Headlines about MYRG stock have trended somewhat positive on Tuesday, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. MYR Group earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned media coverage about the utilities provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about MYR Group.

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 Wedge Capital Management L L P NC (0.14%). 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 institutional investors are buying MYR Group stock?

MYRG stock was bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. 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 $29.99.

How big of a company is MYR Group?

MYR Group has a market capitalization of $500.53 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 7/14/2020 by MarketBeat.com Staff
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