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

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

MYR Group Inc (NASDAQ:MYRG) released its quarterly earnings results on Wednesday, October, 30th. The utilities provider reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.04. The utilities provider earned $583.21 million during the quarter, compared to analysts' expectations of $503.87 million. MYR Group had a return on equity of 10.57% and a net margin of 1.83%. MYR Group's quarterly revenue was up 46.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. View MYR Group's Earnings History.

MYR Group is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for MYR Group.

3 brokerages have issued 12-month price objectives for MYR Group's shares. Their forecasts range from $34.00 to $39.00. On average, they anticipate MYR Group's stock price to reach $36.33 in the next year. This suggests a possible upside of 13.7% from the stock's current price. View Analyst Price Targets for MYR Group.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MYR Group.

Media stories about MYRG stock have been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing 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 coverage optimism score of -5.0 on InfoTrie's scale. They also gave news coverage about the utilities provider a news buzz of 10.0 out of 10, indicating that recent press 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 decline in short interest in December. As of December 31st, there was short interest totalling 279,300 shares, a decline of 7.1% from the December 15th total of 300,700 shares. Based on an average trading volume of 83,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 1.8% of the shares of the stock are sold short. View MYR Group's Current Options Chain.

Some companies that are related to MYR Group include Jacobs Engineering Group (JEC), Aecom (ACM), Quanta Services (PWR), MasTec (MTZ), Emcor Group (EME), KBR (KBR), Fluor Co. (NEW) (FLR), Comfort Systems USA (FIX), Dycom Industries (DY), Granite Construction (GVA), Primoris Services (PRIM), Ameresco (AMRC), Great Lakes Dredge & Dock (GLDD), Aegion (AEGN) and Argan (AGX).

Based on aggregate information from My MarketBeat watchlists, some companies that other MYR Group investors own include Deutsche Bank (DB), CarGurus (CARG), Iridium Communications (IRDM), NeoGenomics (NEO), Stitch Fix (SFIX), Titan Machinery (TITN), Chewy (CHWY), Diebold Nixdorf (DBD), Meritage Homes (MTH) and Timkensteel (TMST).

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 $31.96.

MYR Group has a market capitalization of $532.07 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. The utilities provider can be reached via phone at 847-290-1891 or via email at [email protected]