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

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

MYR Group declared that its board has authorized a share repurchase plan on Thursday, August 3rd 2017, which permits the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

MYR Group Inc (NASDAQ:MYRG) announced its earnings results on Wednesday, October, 31st. The utilities provider reported $0.48 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.54 by $0.06. The utilities provider earned $399.50 million during the quarter, compared to analyst estimates of $404.01 million. MYR Group had a return on equity of 8.49% and a net margin of 2.33%. The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. View MYR Group's Earnings History.

MYR Group is scheduled to release their next quarterly earnings announcement on Wednesday, March 6th 2019. View Earnings Estimates for MYR Group.

7 equities research analysts have issued 12 month price targets for MYR Group's shares. Their predictions range from $36.00 to $42.00. On average, they anticipate MYR Group's stock price to reach $39.50 in the next twelve months. This suggests a possible upside of 27.3% from the stock's current price. View Analyst Price Targets for MYR Group.

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

Media stories about MYRG stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by reviewing 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 media sentiment score of 1.7 on InfoTrie's scale. They also gave news coverage about the utilities provider a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future.

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

MYR Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include Sheets Smith Wealth Management (0.08%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Jeffrey J Waneka, Kenneth Michael Hartwick, Tod M Cooper, William A Koertner and William Patterson. View Institutional Ownership Trends for MYR Group.

MYRG stock was sold by a variety of institutional investors in the last quarter, including Sheets Smith Wealth Management. Company insiders that have sold MYR Group company stock in the last year include Jeffrey J Waneka and William A Koertner. 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 $31.03.

MYR Group has a market capitalization of $508.87 million and generates $1.40 billion in revenue each year. The utilities provider earns $21.15 million in net income (profit) each year or $0.81 on an earnings per share basis. MYR Group employs 5,275 workers across the globe.

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]