NASDAQ:MYRG MYR Group (MYRG) Stock Forecast, Price & News $134.29 +6.46 (+5.05%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$128.47▼$134.3150-Day Range$117.93▼$135.8852-Week Range$76.97▼$138.70Volume93,706 shsAverage Volume90,453 shsMarket Capitalization$2.24 billionP/E Ratio26.44Dividend YieldN/APrice Target$118.67 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media MYR Group MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside11.6% Downside$118.67 Price TargetShort InterestHealthy1.44% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.02Based on 3 Articles This WeekInsider TradingSelling Shares$4.28 M Sold Last QuarterProj. Earnings Growth19.62%From $5.81 to $6.95 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.18 out of 5 starsUtilities Sector48th out of 84 stocksWater, Sewer, & Utility Lines Industry3rd out of 5 stocks 1.5 Analyst's Opinion Consensus RatingMYR Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $118.67, MYR Group has a forecasted downside of 11.6% from its current price of $134.29.Amount of Analyst CoverageMYR Group has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.44% of the float of MYR Group has been sold short.Short Interest Ratio / Days to CoverMYR Group has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in MYR Group has recently increased by 16.05%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldMYR Group does not currently pay a dividend.Dividend GrowthMYR Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MYRG. Previous Next 3.3 News and Social Media Coverage News SentimentMYR Group has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 3 news articles for MYR Group this week, compared to 2 articles on an average week.Search InterestOnly 3 people have searched for MYRG on MarketBeat in the last 30 days. This is a decrease of -70% compared to the previous 30 days.MarketBeat Follows3 people have added MYR Group to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MYR Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,278,651.00 in company stock.Percentage Held by InsidersOnly 3.00% of the stock of MYR Group is held by insiders.Percentage Held by Institutions85.19% of the stock of MYR Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for MYR Group are expected to grow by 19.62% in the coming year, from $5.81 to $6.95 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MYR Group is 26.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.92.Price to Earnings Ratio vs. SectorThe P/E ratio of MYR Group is 26.44, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 94.91.Price to Book Value per Share RatioMYR Group has a P/B Ratio of 3.88. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MYR Group (NASDAQ:MYRG) StockMYR Group, Inc. is a holding company, which engages in the provision of electrical construction services. It operates through the Transmission and Distribution (T&D) and Commercial and Industrial (C&I) segments. The T&D segment offers a range of services on electric transmission and distribution networks and substation facilities. The C&I segment includes the design, installation, maintenance and repair of commercial and industrial wiring, installation of traffic networks and the installation of bridge, roadway, and tunnel lighting. The company was founded in 1995 and is headquartered in Thornton, CO.Read More Receive MYRG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MYR Group and its competitors with MarketBeat's FREE daily newsletter. Email Address MYRG Stock News HeadlinesJune 4, 2023 | americanbankingnews.comMYR Group (NASDAQ:MYRG) and OriginClear (OTCMKTS:OCLN) Head-To-Head SurveyJune 1, 2023 | finance.yahoo.comMYR Group (MYRG) Gains But Lags Market: What You Should KnowJune 4, 2023 | Vantage Point (Ad)We Called (ARWR) In Advance, Which Stocks Are Next?Nearly 56% gains in 30 days! This bullish trend reversal was not only forecasted by A.I., but we called it 1 – 3 days in advance. If you have any money invested in the markets…even just your retirement, you’ll want to see this. Plus, it’s FREE - the training is only an hour & LIVE. May 26, 2023 | finance.yahoo.comHere's Why You Should Add MYR Group (MYRG) to Your PortfolioMay 25, 2023 | finance.yahoo.comSouthern Company (SO) Achieves 250 MLB Carbon Offset MilestoneMay 24, 2023 | msn.comMYR Group: Solid Fundamentals And Great Growth TrajectoryMay 18, 2023 | americanbankingnews.comMYR Group (NASDAQ:MYRG) Earns Buy Rating from Analysts at StockNews.comMay 10, 2023 | finance.yahoo.comMYR Group Inc. to Attend Baird Global Consumer, Technology & Services Conference in JuneJune 4, 2023 | Vantage Point (Ad)We Called (ARWR) In Advance, Which Stocks Are Next?Nearly 56% gains in 30 days! This bullish trend reversal was not only forecasted by A.I., but we called it 1 – 3 days in advance. If you have any money invested in the markets…even just your retirement, you’ll want to see this. Plus, it’s FREE - the training is only an hour & LIVE. May 8, 2023 | finance.yahoo.comMYR Group Inc. to Attend Stifel Cross Sector Insight Conference in JuneMay 5, 2023 | americanbankingnews.comMYR Group Inc. Expected to Earn Q2 2023 Earnings of $1.28 Per Share (NASDAQ:MYRG)May 4, 2023 | finance.yahoo.comMYR Group Inc. to Attend UBS Global Industrials and Transportation Conference in JuneMay 1, 2023 | finance.yahoo.comMYR Group Inc. to Attend KeyBanc Capital Markets Industrials & Basic Materials Conference in JuneApril 28, 2023 | msn.comMYR Group's Return On Capital Employed OverviewApril 27, 2023 | msn.comBaird Maintains MYR Group (MYRG) Outperform RecommendationApril 27, 2023 | americanbankingnews.comRobert W. Baird Increases MYR Group (NASDAQ:MYRG) Price Target to $147.00April 27, 2023 | finance.yahoo.comMYR Group (MYRG) Tops Q1 Earnings and Revenue EstimatesApril 26, 2023 | finance.yahoo.comMYR Group Inc. Announces First-Quarter 2023 ResultsApril 25, 2023 | markets.businessinsider.comMYR Group earnings preview: what Wall Street is expectingApril 25, 2023 | finance.yahoo.comSouthern Company (SO) Invests $5M in E-Mobility InitiativesApril 24, 2023 | americanbankingnews.comMYR Group (MYRG) to Release Earnings on WednesdayApril 12, 2023 | finance.yahoo.comMYR Group (MYRG) Dips More Than Broader Markets: What You Should KnowApril 12, 2023 | finance.yahoo.comMYR Group Inc. Announces First-Quarter 2023 Earnings Release and Conference Call ScheduleApril 6, 2023 | finance.yahoo.comMYR Group Inc. to Attend Oppenheimer Investor Conference in MayApril 5, 2023 | americanbankingnews.comMYR Group (NASDAQ:MYRG) Rating Lowered to Buy at StockNews.comApril 1, 2023 | americanbankingnews.comBetty R. Wynn Sells 2,787 Shares of MYR Group Inc. (NASDAQ:MYRG) StockApril 1, 2023 | americanbankingnews.comMYR Group Inc. (NASDAQ:MYRG) Director Maurice E. Moore Sells 9,004 SharesSee More Headlines MYRG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MYRG Company Calendar Last Earnings4/26/2023Today6/03/2023Next Earnings (Estimated)7/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Water, sewer, & utility lines Sub-IndustryConstruction & Engineering SectorUtilities Current SymbolNASDAQ:MYRG CUSIP55405W10 CIK700923 Webwww.myrgroup.com Phone(303) 286-8000Fax847-290-1892Employees8,500Year Founded1891Price Target and Rating Average Stock Price Forecast$118.67 High Stock Price Forecast$147.00 Low Stock Price Forecast$99.00 Forecasted Upside/Downside-11.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$5.08 Trailing P/E Ratio26.44 Forward P/E Ratio23.11 P/E GrowthN/ANet Income$83.38 million Net Margins2.70% Pretax Margin3.67% Return on Equity15.58% Return on Assets6.41% Debt Debt-to-Equity Ratio0.04 Current Ratio1.36 Quick Ratio1.36 Sales & Book Value Annual Sales$3.01 billion Price / Sales0.75 Cash Flow$8.96 per share Price / Cash Flow14.99 Book Value$34.57 per share Price / Book3.88Miscellaneous Outstanding Shares16,710,000Free Float16,207,000Market Cap$2.24 billion OptionableOptionable Beta0.99 Social Links Key ExecutivesRichard S. SwartzPresident, Chief Executive Officer & DirectorKelly M. HuntingtonChief Financial & Accounting Officer & Senior VPJean A. LuberVice President-Information TechnologyTod M. CooperCOO-Transmission & Distribution, Senior VPDon A. EganSenior VP, COO-Commercial & IndustrialKey CompetitorsChesapeake UtilitiesNYSE:CPKPampa EnergíaNYSE:PAMPrimo WaterNYSE:PRMWSJW GroupNYSE:SJWTransAltaNYSE:TACView All CompetitorsInsiders & InstitutionsSheets Smith Wealth ManagementSold 1,439 shares on 5/26/2023Ownership: 0.064%ProShare Advisors LLCSold 210 shares on 5/26/2023Ownership: 0.014%Royce & Associates LPBought 1,708 shares on 5/23/2023Ownership: 0.074%Ameriprise Financial Inc.Sold 2,351 shares on 5/22/2023Ownership: 0.893%Putnam Investments LLCSold 183 shares on 5/22/2023Ownership: 0.027%View All Insider TransactionsView All Institutional Transactions MYRG Stock - Frequently Asked Questions Should I buy or sell MYR Group stock right now? 2 Wall Street equities 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 equities research analysts is that investors should "buy" MYRG shares. View MYRG analyst ratings or view top-rated stocks. What is MYR Group's stock price forecast for 2023? 2 analysts have issued 12-month price targets for MYR Group's shares. Their MYRG share price forecasts range from $99.00 to $147.00. On average, they anticipate the company's share price to reach $118.67 in the next twelve months. This suggests that the stock has a possible downside of 11.6%. View analysts price targets for MYRG or view top-rated stocks among Wall Street analysts. How have MYRG shares performed in 2023? MYR Group's stock was trading at $92.07 at the beginning of the year. Since then, MYRG shares have increased by 45.9% and is now trading at $134.29. View the best growth stocks for 2023 here. When is MYR Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023. View our MYRG earnings forecast. How were MYR Group's earnings last quarter? MYR Group Inc. (NASDAQ:MYRG) announced its earnings results on Wednesday, April, 26th. The utilities provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.32. The utilities provider earned $811.70 million during the quarter, compared to analyst estimates of $721.13 million. MYR Group had a trailing twelve-month return on equity of 15.58% and a net margin of 2.70%. The company's revenue was up 27.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 EPS. What ETFs hold MYR Group's stock? ETFs with the largest weight of MYR Group (NASDAQ:MYRG) stock in their portfolio include Profound Medical (PRN), Invesco WilderHill Clean Energy ETF (PBW), Invesco S&P SmallCap Industrials ETF (PSCI), Nuveen Small Cap Select ETF (NSCS), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Inspire Fidelis Multi Factor ETF (FDLS), Invesco S&P SmallCap Quality ETF (XSHQ) and iShares U.S. Infrastructure ETF (IFRA). What is Richard Swartz's approval rating as MYR Group's CEO? 15 employees have rated MYR Group Chief Executive Officer Richard Swartz on Glassdoor.com. Richard Swartz has an approval rating of 92% among the company's employees. This puts Richard Swartz in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 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 Alibaba Group (BABA), The Ensign Group (ENSG), Innovative Industrial Properties (IIPR), Walt Disney (DIS), Alphabet (GOOG), Gilead Sciences (GILD), JPMorgan Chase & Co. (JPM), Avid Technology (AVID), Bank of America (BAC) and Applied Materials (AMAT). 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.93%), Dimensional Fund Advisors LP (6.34%), Macquarie Group Ltd. (4.89%), Principal Financial Group Inc. (4.03%), State Street Corp (3.53%) and Victory Capital Management Inc. (3.14%). Insiders that own company stock include Betty R Johnson, Betty R Wynn, Jeffrey J Waneka, Jennifer Elaine Lowry, Marc Prieur, Maurice E Moore, Richard S Jr Swartz, Tod M Cooper and William A Koertner. View institutional ownership trends. How do I buy shares of MYR Group? Shares of MYRG stock 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 $134.29. How much money does MYR Group make? MYR Group (NASDAQ:MYRG) has a market capitalization of $2.24 billion and generates $3.01 billion in revenue each year. The utilities provider earns $83.38 million in net income (profit) each year or $5.08 on an earnings per share basis. How many employees does MYR Group have? The company employs 8,500 workers across the globe. Does MYR Group have any subsidiaries? The following companies are subsidiares of MYR Group: CSI Electrical Contractors Inc., E.S. Boulos Company, GSW Integrated Services LLC, Great Southwestern Construction Inc., Harlan Electric Company, High Country Line Construction Inc., Huen Electric Inc., MYR Energy Services 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., Northern Transmission Services Ltd., Powerline Plus Ltd., Sturgeon Electric California LLC, Sturgeon Electric Company Inc., The L. E. Myers Co., and Western Pacific Enterprises Ltd..Read More How can I contact MYR Group? MYR Group's mailing address is 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL, 60008. The official website for the company is www.myrgroup.com. The utilities provider can be reached via phone at (303) 286-8000, via email at investorinfo@myrgroup.com, or via fax at 847-290-1892. This page (NASDAQ:MYRG) was last updated on 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MYR Group Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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