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

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

MYR Group Inc (NASDAQ:MYRG) posted its earnings results on Wednesday, July, 31st. The utilities provider reported $0.43 EPS for the quarter, missing the Zacks' consensus estimate of $0.60 by $0.17. The utilities provider had revenue of $448.80 million for the quarter, compared to analysts' expectations of $445.20 million. MYR Group had a net margin of 1.88% and a return on equity of 10.15%. The company's revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the company 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 12-month price objectives for MYR Group's shares. Their forecasts range from $34.00 to $39.00. On average, they expect MYR Group's share price to reach $35.6667 in the next year. This suggests a possible upside of 25.1% 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, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MYR Group.

Media coverage about MYRG stock has been trending negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MYR Group earned a news impact score of -2.3 on InfoTrie's scale. They also assigned media coverage about the utilities provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for MYR Group.

MYR Group saw a drop in short interest in July. As of July 31st, there was short interest totalling 234,500 shares, a drop of 13.2% from the June 30th total of 270,100 shares. Based on an average daily trading volume, of 60,300 shares, the days-to-cover ratio is presently 3.9 days. Approximately 1.5% 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 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., Citadel Advisors LLC, THB Asset Management, D. E. Shaw & Co. Inc. and Russell Investments Group Ltd.. 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 bought 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, Scottrade, Fidelity and Charles Schwab.

One share of MYRG stock can currently be purchased for approximately $28.50.

MYR Group has a market capitalization of $473.10 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]