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

$34.77
+1.17 (+3.48 %)
(As of 06/18/2019 04:00 PM ET)
Today's Range
$33.80
Now: $34.77
$35.20
50-Day Range
$31.56
MA: $33.61
$36.32
52-Week Range
$26.24
Now: $34.77
$39.60
Volume38,564 shs
Average Volume63,390 shs
Market Capitalization$577.18 million
P/E Ratio18.59
Dividend YieldN/A
Beta0.7
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. Read More…

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$1.53 billion
Cash Flow$4.4237 per share
Book Value$19.59 per share

Profitability

Net Income$31.09 million

Miscellaneous

Employees5,500
Market Cap$577.18 million
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable

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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 declared that its Board of Directors has initiated a share buyback program on Thursday, August 3rd 2017, which permits the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

How were MYR Group's earnings last quarter?

MYR Group Inc (NASDAQ:MYRG) announced its quarterly earnings data on Wednesday, May, 1st. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The utilities provider had revenue of $468.10 million for the quarter, compared to the consensus estimate of $395.83 million. MYR Group had a net margin of 1.98% and a return on equity of 10.32%. The company's quarterly revenue was up 35.4% compared to the same quarter last year. During the same period last year, the company earned $0.34 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, August 7th 2019. View Earnings Estimates for MYR Group.

What price target have analysts set for MYRG?

6 brokerages have issued 12 month price targets for MYR Group's stock. Their forecasts range from $34.00 to $39.00. On average, they anticipate MYR Group's stock price to reach $37.3333 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price. View Analyst Price Targets for MYR Group.

What is the consensus analysts' recommendation for MYR Group?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 1 sell rating, 2 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?

Press coverage about MYRG stock has trended positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MYR Group earned a daily sentiment score of 2.6 on InfoTrie's scale. They also gave headlines about the utilities provider a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the near term. View News Stories for MYR Group.

Are investors shorting MYR Group?

MYR Group saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 252,200 shares, an increase of 21.4% from the April 15th total of 207,700 shares. Based on an average daily trading volume, of 75,900 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.6% of the shares of the stock are short sold. View MYR Group's Current Options Chain.

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).

What other stocks do shareholders of MYR Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MYR Group investors own include Mondi (MNDI), Gilead Sciences (GILD), Iridium Communications (IRDM), Visa (V), CarGurus (CARG), Celgene (CELG), Churchill Downs (CHDN), Lincoln Electric (LECO), NeoGenomics (NEO) and PRA Health Sciences (PRAH).

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 (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)

Who are MYR Group's major shareholders?

MYR Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (8.82%), JPMorgan Chase & Co. (2.49%), THB Asset Management (1.59%), Phocas Financial Corp. (1.09%), Corbyn Investment Management Inc. MD (1.06%) and AJO LP (0.49%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Jeffrey J Waneka and William A Koertner. 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., JPMorgan Chase & Co., Corbyn Investment Management Inc. MD, THB Asset Management, Keybank National Association OH, Phocas Financial Corp., Morgan Dempsey Capital Management LLC and First Republic Investment Management Inc.. Company insiders that have sold MYR Group company stock in the last year include Gary Ronald Johnson, Gerald B Jr Engen and William A Koertner. View Insider Buying and Selling for MYR Group.

Which major investors are buying MYR Group stock?

MYRG stock was purchased by a variety of institutional investors in the last quarter, including Martingale Asset Management L P, Marshall Wace LLP, IndexIQ Advisors LLC, Acadian Asset Management LLC, Royce & Associates LP, SG Americas Securities LLC, Strs Ohio and AJO LP. 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 $34.77.

How big of a company is MYR Group?

MYR Group has a market capitalization of $577.18 million and generates $1.53 billion in revenue each year. The utilities provider earns $31.09 million in net income (profit) each year or $1.87 on an earnings per share basis. MYR Group employs 5,500 workers across the globe.View Additional Information About MYR Group.

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, 60008-4210. 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:  266 (Vote Outperform)
Underperform Votes:  300 (Vote Underperform)
Total Votes:  566
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 6/18/2019 by MarketBeat.com Staff

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