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NASDAQ:MYRGMYR Group Stock Price, Forecast & News

$38.46
+0.15 (+0.39 %)
(As of 08/14/2020 04:00 PM ET)
Add
Compare
Today's Range
$37.80
Now: $38.46
$38.80
50-Day Range
$28.56
MA: $33.04
$38.87
52-Week Range
$16.33
Now: $38.46
$39.94
Volume58,868 shs
Average Volume90,523 shs
Market Capitalization$642.63 million
P/E Ratio13.88
Dividend YieldN/A
Beta0.84
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: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.27 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$4.98 per share
Book Value$21.89 per share

Profitability

Net Income$37.69 million

Miscellaneous

Employees7,100
Market Cap$642.63 million
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$38.46
+0.15 (+0.39 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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MYR Group (NASDAQ:MYRG) Frequently Asked Questions

How has MYR Group's stock price been impacted by COVID-19?

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 52.9% and is now trading at $38.46.
View which stocks have been most impacted by COVID-19
.

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, November 4th 2020.
View our earnings forecast for MYR Group
.

How were MYR Group's earnings last quarter?

MYR Group Inc (NASDAQ:MYRG) posted its earnings results on Wednesday, July, 29th. The utilities provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.34. The utilities provider earned $513.05 million during the quarter, compared to analysts' expectations of $503.07 million. MYR Group had a return on equity of 12.56% and a net margin of 2.12%.
View MYR Group's earnings history
.

What price target have analysts set for MYRG?

3 Wall Street analysts have issued 12 month price targets for MYR Group's stock. 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 that the stock has a possible downside of 15.9%.
View analysts' price targets for MYR Group
.

Has MYR Group been receiving favorable news coverage?

News articles about MYRG stock have trended somewhat negative on Friday, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. 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 coverage optimism score of -1.8 on InfoTrie's scale. They also assigned news articles about the utilities provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about MYR Group
.

Are investors shorting MYR Group?

MYR Group saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 403,100 shares, an increase of 37.8% from the June 15th total of 292,500 shares. Based on an average trading volume of 108,600 shares, the short-interest ratio is presently 3.7 days. Approximately 2.5% of the company's shares are short sold.
View MYR Group's Short Interest
.

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 Macquarie Group Ltd. (10.36%), Vanguard Group Inc. (6.67%), Victory Capital Management Inc. (3.64%), Third Avenue Management LLC (2.00%), Corbyn Investment Management Inc. MD (1.30%) and Bank of New York Mellon Corp (1.07%). 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., Goldman Sachs Group Inc., Third Avenue Management LLC, Mackay Shields LLC, Fisher Asset Management LLC, Corbyn Investment Management Inc. MD, Prudential Financial Inc., and Teton Advisors Inc.. 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 Macquarie Group Ltd., Russell Investments Group Ltd., Bank of Montreal Can, Vanguard Group Inc., Wedge Capital Management L L P NC, Alberta Investment Management Corp, ARGI Investment Services LLC, and Swiss National Bank.
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 $38.46.

How big of a company is MYR Group?

MYR Group has a market capitalization of $642.63 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 8/14/2020 by MarketBeat.com Staff

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