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

MYR Group trades on the NASDAQ under the ticker symbol "MYRG."

MYR Group Inc (NASDAQ:MYRG) issued its quarterly earnings results on Wednesday, July, 31st. The utilities provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.60 by $0.17. The utilities provider had revenue of $448.80 million for the quarter, compared to analyst estimates of $445.20 million. MYR Group had a return on equity of 10.15% and a net margin of 1.88%. The firm's quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 EPS. View MYR Group's Earnings History.

MYR Group is scheduled to release their next quarterly earnings announcement on Wednesday, October 30th 2019. View Earnings Estimates for MYR Group.

6 Wall Street analysts have issued 1 year target prices for MYR Group's shares. Their predictions range from $34.00 to $39.00. On average, they expect MYR Group's stock price to reach $36.3333 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price. View Analyst Price Targets 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, 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MYR Group.

News articles about MYRG stock have been trending negative this week, according to InfoTrie. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MYR Group earned a news impact score of -2.9 on InfoTrie's scale. They also gave media headlines about the utilities provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for MYR Group.

MYR Group saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 253,400 shares, an increase of 8.1% from the July 31st total of 234,500 shares. Based on an average trading volume of 61,200 shares, the days-to-cover ratio is currently 4.1 days. Currently, 1.6% of the shares of the stock are short sold. View MYR Group's Current Options Chain.

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

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).

MYR Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.15%), Victory Capital Management Inc. (8.20%), Vanguard Group Inc. (6.27%), Investment Counselors of Maryland LLC (4.22%), JPMorgan Chase & Co. (2.48%) and Wells Fargo & Company MN (1.73%). 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.

MYRG stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Pinebridge Investments L.P., Charles Schwab Investment Management Inc., Phocas Financial Corp., Phocas Financial Corp., Citadel Advisors LLC, THB Asset Management and D. E. Shaw & Co. 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.

MYRG stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, BlackRock Inc., Wells Fargo & Company MN, Rothschild & Co. Asset Management US Inc., Invesco Ltd., Captrust Financial Advisors, Morgan Stanley and Panagora Asset Management Inc.. View Insider Buying and Selling for 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.

One share of MYRG stock can currently be purchased for approximately $32.55.

MYR Group has a market capitalization of $540.33 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.

The official website for MYR Group is http://www.myrgroup.com/.

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]