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

Sign in or create an account to add this stock to your watchlist.
$30.72 +0.32 (+1.05 %)
(As of 01/17/2019 04:00 PM ET)
Previous Close$30.40
Today's Range$30.18 - $30.95
52-Week Range$26.24 - $40.81
Volume51,100 shs
Average Volume56,150 shs
Market Capitalization$502.91 million
P/E Ratio37.86
Dividend YieldN/A
Beta0.48
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.

Receive MYRG News and Ratings via Email

Sign-up to receive the latest news and ratings for MYRG and its competitors with MarketBeat's FREE daily newsletter.

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$1.40 billion
Cash Flow$3.19 per share
Book Value$17.44 per share

Profitability

Net Income$21.15 million

Miscellaneous

Employees5,275
Market Cap$502.91 million
OptionableOptionable

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 has authorized a stock buyback plan on Thursday, August 3rd 2017, which permits the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

How were MYR Group's earnings last quarter?

MYR Group Inc (NASDAQ:MYRG) issued its quarterly earnings data on Wednesday, October, 31st. The utilities provider reported $0.48 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.54 by $0.06. The utilities provider earned $399.50 million during the quarter, compared to the consensus estimate of $404.01 million. MYR Group had a net margin of 2.33% and a return on equity of 8.49%. MYR Group's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. View MYR Group's Earnings History.

When is MYR Group's next earnings date?

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

What price target have analysts set for MYRG?

7 equities research analysts have issued twelve-month price targets for MYR Group's stock. Their forecasts range from $36.00 to $42.00. On average, they anticipate MYR Group's stock price to reach $39.50 in the next twelve months. This suggests a possible upside of 28.6% from the stock's current price. View Analyst Price Targets for MYR Group.

What is the consensus analysts' recommendation 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.

Has MYR Group been receiving favorable news coverage?

News stories about MYRG stock have trended negative on Thursday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MYR Group earned a news sentiment score of -2.8 on InfoTrie's scale. They also assigned news headlines about the utilities provider a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the company's share price in the next few days.

Who are some of MYR Group's key competitors?

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

Who are MYR Group's key executives?

MYR Group's management team includes the folowing 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, Chief Legal Officer & Sec. (Age 68)
  • Mr. William A. Koertner M.B.A., Director (Age 69)
  • Mr. Tod M. Cooper, Sr. VP & COO of Transmission and Distribution (Age 54)

Who are MYR Group's major shareholders?

MYR Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Sheets Smith Wealth Management (0.08%). 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.

Which major investors are selling MYR Group stock?

MYRG stock was sold by a variety of institutional investors in the last quarter, including Sheets Smith Wealth Management. 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.

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 $30.72.

How big of a company is MYR Group?

MYR Group has a market capitalization of $502.91 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.

What is MYR Group's official website?

The official website for MYR Group is http://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]


MarketBeat Community Rating for MYR Group (NASDAQ MYRG)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  241 (Vote Outperform)
Underperform Votes:  276 (Vote Underperform)
Total Votes:  517
MarketBeat's community ratings are surveys of what our community members think about MYR Group and other stocks. Vote "Outperform" if you believe MYRG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MYRG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/17/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel