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NASDAQ:MYRG

MYR Group Stock Forecast, Price & News

$82.14
+1.98 (+2.47 %)
(As of 05/14/2021 12:00 AM ET)
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Today's Range
$80.02
$82.16
50-Day Range
$64.92
$84.02
52-Week Range
$23.50
$85.10
Volume63,112 shs
Average Volume135,824 shs
Market Capitalization$1.38 billion
P/E Ratio25.91
Dividend YieldN/A
Beta1.01
30 days | 90 days | 365 days | Advanced Chart
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MYR Group logo

About MYR Group

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates through two segments, Transmission and Distribution, and Commercial and Industrial. The company's 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. Its 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, renewable energy projects, 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, governmental agencies, and developers. MYR Group Inc. was founded in 1891 and is headquartered in Henderson, Colorado.

Headlines

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Industry, Sector and Symbol

Industry Water, sewer, & utility lines
Sub-IndustryConstruction & Engineering
SectorUtilities
Current SymbolNASDAQ:MYRG
CUSIP55405W10
Phone847-290-1891
Employees7,200
Year Founded1891

Sales & Book Value

Annual Sales$2.07 billion
Cash Flow$6.52 per share
Book Value$21.89 per share

Profitability

Net Income$37.69 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$1.38 billion
Next Earnings Date8/4/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

1.34 out of 5 stars

Utilities Sector

99th out of 280 stocks

Water, Sewer, & Utility Lines Industry

4th out of 7 stocks

Analyst Opinion: 1.5Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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MYR Group (NASDAQ:MYRG) Frequently Asked Questions

Is MYR Group a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MYR Group stock.
View analyst ratings for MYR Group
or view top-rated stocks.

What stocks does MarketBeat like better than MYR Group?

Wall Street analysts have given MYR Group a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MYR Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting MYR Group?

MYR Group saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 305,000 shares, a decrease of 36.9% from the March 31st total of 483,300 shares. Based on an average daily trading volume, of 141,800 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.9% of the company's shares are sold short.
View MYR Group's Short Interest
.

When is MYR Group's next earnings date?

MYR Group is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
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, April, 28th. The utilities provider reported $1.17 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.63 by $0.54. The utilities provider earned $592.49 million during the quarter, compared to analysts' expectations of $539.86 million. MYR Group had a trailing twelve-month return on equity of 13.89% and a net margin of 2.41%. The firm's quarterly revenue was up 14.3% compared to the same quarter last year.
View MYR Group's earnings history
.

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

MYR Group's stock was trading at $25.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MYRG shares have increased by 226.5% and is now trading at $82.14.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for MYRG?

2 Wall Street analysts have issued 1 year price targets for MYR Group's stock. Their forecasts range from $40.00 to $66.00. On average, they expect MYR Group's share price to reach $53.00 in the next year. This suggests that the stock has a possible downside of 35.5%.
View analysts' price targets for MYR Group
or view top-rated stocks among Wall Street analysts.

Who are MYR Group's key executives?

MYR Group's management team includes the following people:
  • Mr. Richard S. Swartz Jr., Pres, CEO & Director (Age 57, Pay $2M) (LinkedIn Profile)
  • Ms. Betty R. Johnson, Sr. VP & CFO (Age 63, Pay $1.02M) (LinkedIn Profile)
  • Mr. William F. Fry, VP, Chief Legal Officer & Corp. Sec. (Age 46, Pay $791.99k)
  • Mr. Tod M. Cooper, Sr. VP & COO of Transmission and Distribution (Age 56, Pay $1.03M) (LinkedIn Profile)
  • Mr. Jeffrey J. Waneka, Sr. VP and COO of Commercial & Industrial (Age 59, Pay $939.75k) (LinkedIn Profile)
  • Ms. Kristine Walczak, Sr. VP, Dresner Corp. Service
  • Doreen L. Keller, VP of HR

What is Richard Swartz's approval rating as MYR Group's CEO?

15 employees have rated MYR Group CEO Richard Swartz on Glassdoor.com. Richard Swartz has an approval rating of 92% among MYR Group's employees. This puts Richard Swartz in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of MYR Group's key competitors?

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (18.03%), Dimensional Fund Advisors LP (7.95%), Victory Capital Management Inc. (4.13%), Principal Financial Group Inc. (2.46%), Geode Capital Management LLC (1.73%) and Royce & Associates LP (1.66%). Company insiders that own MYR Group stock include Richard S Jr Swartz, Tod M Cooper, William A Koertner and William Patterson.
View institutional ownership trends for MYR Group
.

Which institutional investors are selling MYR Group stock?

MYRG stock was sold by a variety of institutional investors in the last quarter, including Citigroup Inc., Dimensional Fund Advisors LP, JPMorgan Chase & Co., Teton Advisors Inc., Corbyn Investment Management Inc. MD, Northern Trust Corp, Credit Suisse AG, and State of Tennessee Treasury Department. Company insiders that have sold MYR Group company stock in the last year include Richard S Jr Swartz, Tod M Cooper, and William A Koertner.
View insider buying and selling activity for MYR Group
or view top insider-selling stocks.

Which institutional investors are buying MYR Group stock?

MYRG stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Royce & Associates LP, Victory Capital Management Inc., RK Capital Management LLC, Lazard Asset Management LLC, Hennessy Advisors Inc., Mirae Asset Global Investments Co. Ltd., and Bank of Montreal Can.
View insider buying and selling activity for MYR Group
or or view top insider-buying stocks.

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 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 $82.14.

How much money does MYR Group make?

MYR Group has a market capitalization of $1.38 billion 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.

How many employees does MYR Group have?

MYR Group employs 7,200 workers across the globe.

Does MYR Group have any subsidiaries?

The following companies are subsidiares of MYR Group: E.S. Boulos Company, GSW Integrated Services LLC, Great Southwestern Construction Inc., Harlan Electric Company, High Country Line Construction 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., MYR Transmission Services Inc., Northern Transmission Services Ltd., Sturgeon Electric California LLC, Sturgeon Electric Company Inc., The L. E. Myers Co., and Western Pacific Enterprises Ltd..

When was MYR Group founded?

MYR Group was founded in 1891.

What is MYR Group's official website?

The official website for MYR Group is www.myrgroup.com.

Where are MYR Group's headquarters?

MYR Group is headquartered at 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL, 60008.

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 5/15/2021 by MarketBeat.com Staff
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