S&P 500   3,768.25
DOW   30,814.26
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NASDAQ:MYRG

MYR Group Stock Forecast, Price & News

$63.01
-1.57 (-2.43 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$61.59
Now: $63.01
$64.58
50-Day Range
$51.13
MA: $58.76
$64.58
52-Week Range
$16.33
Now: $63.01
$65.41
Volume105,779 shs
Average Volume128,197 shs
Market Capitalization$1.05 billion
P/E Ratio19.88
Dividend YieldN/A
Beta1.01
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 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 Rolling Meadows, Illinois.
MYR Group logo

MarketRank

Overall MarketRank

1.42 out of 5 stars

Utilities Sector

82nd out of 243 stocks

Water, Sewer, & Utility Lines Industry

5th out of 7 stocks

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Water, sewer, & utility lines
Sub-IndustryConstruction & Engineering
SectorUtilities
Current SymbolNASDAQ:MYRG
CUSIP55405W10
Phone847-290-1891
Employees7,100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.07 billion
Cash Flow$5.00 per share
Book Value$21.89 per share

Profitability

Net Income$37.69 million

Miscellaneous

Market Cap$1.05 billion
Next Earnings Date3/3/2021 (Estimated)
OptionableOptionable
$63.01
-1.57 (-2.43 %)
(As of 01/15/2021 12:00 AM 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 been impacted by COVID-19 (Coronavirus)?

MYR Group's stock was trading at $25.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MYRG shares have increased by 150.4% and is now trading at $63.01.
View which stocks have been most impacted by COVID-19
.

Is MYR Group a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MYR Group stock.
View analyst ratings for MYR Group
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than MYR Group?

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

When is MYR Group's next earnings date?

MYR Group is scheduled to release its next quarterly earnings announcement on Wednesday, March 3rd 2021.
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, October, 28th. The utilities provider reported $1.02 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.78 by $0.24. The utilities provider had revenue of $607.90 million for the quarter, compared to analysts' expectations of $560.59 million. MYR Group had a return on equity of 13.89% and a net margin of 2.41%.
View MYR Group's earnings history
.

What price target have analysts set for MYRG?

4 analysts have issued 12 month price targets for MYR Group's shares. Their forecasts range from $27.00 to $66.00. On average, they expect MYR Group's share price to reach $40.75 in the next twelve months. This suggests that the stock has a possible downside of 35.3%.
View analysts' price targets for MYR Group
or view Wall Street analyst' top-rated stocks.

Are investors shorting MYR Group?

MYR Group saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 305,700 shares, an increase of 56.5% from the December 15th total of 195,300 shares. Based on an average daily volume of 113,700 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.9% of the shares of the stock are sold short.
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 & Director (Age 56, Pay $1.57M)
  • Ms. Betty R. Johnson, Sr. VP & CFO (Age 62, Pay $838.17k)
  • Mr. William F. Fry, VP, Chief Legal Officer & Corp. Sec. (Age 45, Pay $895.37k)
  • Mr. Tod M. Cooper, Sr. VP & COO of Transmission and Distribution (Age 55, Pay $835.09k)
  • Mr. Jeffrey J. Waneka, Sr. VP and COO of Commercial & Industrial (Age 58, Pay $765.53k)
  • Ms. Kristine Walczak, Sr. VP, Dresner Corp. Service
  • Doreen L. Keller, VP of HR

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 retail and institutional investors. Top institutional shareholders include Sheets Smith Wealth Management (0.08%), State of Alaska Department of Revenue (0.08%), Diversified Trust Co (0.03%) and West Oak Capital LLC (0.01%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Richard S Jr Swartz, 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 State of Alaska Department of Revenue. 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 major investors are buying MYR Group stock?

MYRG stock was bought by a variety of institutional investors in the last quarter, including Diversified Trust Co, West Oak Capital LLC, and Sheets Smith Wealth Management.
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.

What is MYR Group's stock price today?

One share of MYRG stock can currently be purchased for approximately $63.01.

How big of a company is MYR Group?

MYR Group has a market capitalization of $1.05 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. 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 1/17/2021 by MarketBeat.com Staff

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