Should I buy or sell MYR Group stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MYRG shares. View MYRG analyst ratings or view top-rated stocks .

What is MYR Group's stock price target for 2024?

4 equities research analysts have issued twelve-month price objectives for MYR Group's shares. Their MYRG share price targets range from $164.00 to $184.00. On average, they anticipate the company's stock price to reach $170.75 in the next twelve months. This suggests a possible upside of 7.6% from the stock's current price. View analysts price targets for MYRG or view top-rated stocks among Wall Street analysts .

How have MYRG shares performed in 2024?

MYR Group's stock was trading at $144.63 at the beginning of the year. Since then, MYRG stock has increased by 9.7% and is now trading at $158.71. View the best growth stocks for 2024 here .

When is MYR Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our MYRG earnings forecast .

How can I listen to MYR Group's earnings call?

MYR Group will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were MYR Group's earnings last quarter?

MYR Group Inc. (NASDAQ:MYRG) issued its quarterly earnings data on Wednesday, February, 28th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The utilities provider earned $1 billion during the quarter, compared to analysts' expectations of $904.76 million. MYR Group had a trailing twelve-month return on equity of 14.80% and a net margin of 2.50%. The firm's revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $1.46 earnings per share.

What ETFs hold MYR Group's stock?

ETFs with the largest weight of MYR Group (NASDAQ:MYRG) stock in their portfolio include SoFi Smart Energy ETF (SHFT) , SoFi Smart Energy ETF (ENRG) , Invesco Dorsey Wright Industrials Momentum ETF (PRN) , Invesco WilderHill Clean Energy ETF (PBW) , Invesco S&P SmallCap Industrials ETF (PSCI) , AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) , Janus Henderson Small Cap Growth Alpha ETF (JSML) and Inspire Fidelis Multi Factor ETF (FDLS) .

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) .

Who are MYR Group's major shareholders?

MYR Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.28%), State of Alaska Department of Revenue (0.06%), Los Angeles Capital Management LLC (0.03%), Bridge City Capital LLC (0.03%), First Bank & Trust (0.01%) and Contravisory Investment Management Inc. (0.01%). 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, William A Koertner and William Fry. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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

NASDAQ:MYRG

MYR Group (MYRG) Stock Price, News & Analysis

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Free MYRG Stock Alerts

$158.71

-0.12 (-0.08%)

(As of 05:21 PM ET)

Compare

Today's Range: $157.53
▼
$161.82
50-Day Range: $149.95
▼
$178.21
52-Week Range: $110.87
▼
$181.02

Volume: 80,834 shs
Average Volume: 134,219 shs
Market Capitalization: $2.66 billion

P/E Ratio: 29.28
Dividend Yield: N/A
Price Target: $170.75

Get MYR Group alerts:

MYR Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 7.6% Upside
$170.75 Price Target
Short Interest: Healthy
2.68% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.29
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 21.54%
From $6.64 to $8.07 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.03 out of 5 stars

Utilities Sector

72nd out of 90 stocks

Water, Sewer, & Utility Lines Industry

5th out of 5 stocks

1.3

Analyst's Opinion

Consensus Rating
MYR Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
MYR Group has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.68% of the float of MYR Group has been sold short.
Short Interest Ratio / Days to Cover
MYR Group has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in MYR Group has recently decreased by 9.22%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
MYR Group does not currently pay a dividend.
Dividend Growth
MYR Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MYRG.

1.5

News and Social Media Coverage

News Sentiment
MYR Group has a news sentiment score of -0.29. 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 lower news sentiment than the 0.50 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for MYR Group this week, compared to 3 articles on an average week.
MarketBeat Follows
3 people have added MYR Group to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MYR Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.80% of the stock of MYR Group is held by insiders.
Percentage Held by Institutions
88.90% of the stock of MYR Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for MYR Group are expected to grow by 21.54% in the coming year, from $6.64 to $8.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MYR Group is 29.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.45.
Price to Earnings Ratio vs. Sector
The P/E ratio of MYR Group is 29.28, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 79.95.
Price to Book Value per Share Ratio
MYR Group has a P/B Ratio of 4.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About MYR Group Stock (NASDAQ:MYRG)

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice, or other related damages. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of intelligent transportation systems, roadway lighting, and signalization for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, and electric vehicle charging infrastructure. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Thornton, Colorado.

MYRG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MYRG Stock News Headlines

April 17, 2024 | markets.businessinsider.com

MYR Group Inc. Announces First-Quarter 2024 Earnings Release and Conference Call Schedule

April 17, 2024 | globenewswire.com

MYR Group Inc. Announces First-Quarter 2024 Earnings Release and Conference Call Schedule

April 19, 2024 | Behind the Markets (Ad)

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April 17, 2024 | finance.yahoo.com

Earnings Preview: MYR Group (MYRG) Q1 Earnings Expected to Decline

April 17, 2024 | americanbankingnews.com

MYR Group (NASDAQ:MYRG) Price Target Lowered to $184.00 at Stifel Nicolaus

April 9, 2024 | globenewswire.com

MYR Group Inc. to Participate in Oppenheimer Investor Conference in May

April 1, 2024 | seekingalpha.com

MYR Group: Demand Tailwinds And EPS Growth

March 29, 2024 | finance.yahoo.com

Is MYR Group Inc.'s (NASDAQ:MYRG) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

March 18, 2024 | msn.com

Sterling Infrastructure subsidiary bags $100M project in the U.S.

March 15, 2024 | finance.yahoo.com

MYR Group (NASDAQ:MYRG) sheds 5.0% this week, as yearly returns fall more in line with earnings growth

March 11, 2024 | finance.yahoo.com

Is MYR Group (MYRG) a High-Quality Business?

March 4, 2024 | finance.yahoo.com

MYR Group Inc. (NASDAQ:MYRG) Q4 2023 Earnings Call Transcript

March 3, 2024 | finance.yahoo.com

MYRG Mar 2024 150.000 put

March 3, 2024 | ca.finance.yahoo.com

MYRG Oct 2024 160.000 call

March 3, 2024 | ca.finance.yahoo.com

MYRG Mar 2024 80.000 put

March 1, 2024 | finance.yahoo.com

MYR Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

March 1, 2024 | finance.yahoo.com

Q4 2023 MYR Group Inc Earnings Call

February 29, 2024 | finanznachrichten.de

MYR Group, Inc.: MYR Group Inc. Announces Fourth-Quarter and Full Year 2023 Results

February 28, 2024 | benzinga.com

Recap: MYR Group Q4 Earnings

February 28, 2024 | finance.yahoo.com

MYR Group Inc (MYRG) Posts Record Revenues and Net Income for Full Year 2023

February 28, 2024 | globenewswire.com

MYR Group Inc. Announces Fourth-Quarter and Full Year 2023 Results

February 27, 2024 | thestreet.com

MYR Group Inc.

February 27, 2024 | msn.com

Sidoti & Co. Downgrades MYR Group (MYRG)

February 27, 2024 | finance.yahoo.com

4 Clean Energy Stocks That Have Defied the Odds

February 27, 2024 | barrons.com

4 Clean Energy Stocks That Have Defied the Odds

February 26, 2024 | realmoney.thestreet.com

Sidoti gets more bearish on MYR Group, downgrades shares

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Utilities
Industry: Water, sewer, & utility lines
Sub-Industry: Construction & Engineering
Current Symbol: NASDAQ:MYRG
CUSIP: 55405W10
CIK: 700923
Web: www.myrgroup.com
Phone: (303) 286-8000
Fax: 847-290-1892
Employees: 9,000
Year Founded: 1891

Price Target and Rating

Average Stock Price Target: $170.75
High Stock Price Target: $184.00
Low Stock Price Target: $164.00
Potential Upside/Downside: +7.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.42
Trailing P/E Ratio: 29.30
Forward P/E Ratio: 23.92
P/E Growth: N/A
Net Income: $90.99 million
Net Margins: 2.50%
Pretax Margin: 3.43%
Return on Equity: 14.80%
Return on Assets: 6.10%

Debt

Debt-to-Equity Ratio: 0.05
Current Ratio: 1.37
Quick Ratio: 1.37

Sales & Book Value

Annual Sales: $3.64 billion
Price / Sales: 0.73
Cash Flow: $8.87 per share
Price / Cash Flow: 17.91
Book Value: $38.97 per share
Price / Book: 4.08

Miscellaneous

Outstanding Shares: 16,739,000
Free Float: 16,438,000
Market Cap: $2.66 billion
Optionable: Optionable
Beta: 1.08

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Key Executives

Mr. Richard S. Swartz Jr. (Age 60)
President, CEO & Director
Comp: $1.97M
Ms. Kelly Michelle Huntington C.F.A. (Age 49)
Senior VP & CFO
Comp: $1.02M
Mr. William F. Fry (Age 49)
Senior VP, Chief Legal Officer & Secretary
Comp: $799.85k
Mr. Don A. Egan (Age 53)
Senior VP & COO of Commercial and Industrial
Comp: $904.37k
Mr. A. James Barrett
Vice President of Human Resources
Mr. Brian K. Stern
Senior VP & COO of Transmission & Distribution
Ms. Jennifer L. Harper
VP & Treasurer
D. Scott Lamont
President of Harlan Electric Co, E.S. Boulos Co & The L.E. Myers Co
R. Clay Thomson
President of High Country Line Construction, Inc
Steven M. Watts
Chief Executive Officer of CSI Electrical Contractors, Inc.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MYRG Stock Analysis - Frequently Asked Questions

Should I buy or sell MYR Group stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MYRG shares.
View MYRG analyst ratings or view top-rated stocks.
What is MYR Group's stock price target for 2024?: 4 equities research analysts have issued twelve-month price objectives for MYR Group's shares. Their MYRG share price targets range from $164.00 to $184.00. On average, they anticipate the company's stock price to reach $170.75 in the next twelve months. This suggests a possible upside of 7.6% from the stock's current price.
View analysts price targets for MYRG or view top-rated stocks among Wall Street analysts.
How have MYRG shares performed in 2024?: MYR Group's stock was trading at $144.63 at the beginning of the year. Since then, MYRG stock has increased by 9.7% and is now trading at $158.71.
View the best growth stocks for 2024 here.
When is MYR Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our MYRG earnings forecast.
How can I listen to MYR Group's earnings call?: MYR Group will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were MYR Group's earnings last quarter?: MYR Group Inc. (NASDAQ:MYRG) issued its quarterly earnings data on Wednesday, February, 28th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The utilities provider earned $1 billion during the quarter, compared to analysts' expectations of $904.76 million. MYR Group had a trailing twelve-month return on equity of 14.80% and a net margin of 2.50%. The firm's revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $1.46 earnings per share.

What ETFs hold MYR Group's stock?: ETFs with the largest weight of MYR Group (NASDAQ:MYRG) stock in their portfolio include SoFi Smart Energy ETF (SHFT), SoFi Smart Energy ETF (ENRG), Invesco Dorsey Wright Industrials Momentum ETF (PRN), Invesco WilderHill Clean Energy ETF (PBW), Invesco S&P SmallCap Industrials ETF (PSCI), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Janus Henderson Small Cap Growth Alpha ETF (JSML) and Inspire Fidelis Multi Factor ETF (FDLS).
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).
Who are MYR Group's major shareholders?: MYR Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.28%), State of Alaska Department of Revenue (0.06%), Los Angeles Capital Management LLC (0.03%), Bridge City Capital LLC (0.03%), First Bank & Trust (0.01%) and Contravisory Investment Management Inc. (0.01%). 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, William A Koertner and William Fry.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
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

This page (NASDAQ:MYRG) was last updated on 4/19/2024 by MarketBeat.com Staff

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