MYR Group (MYRG) Projected to Post Quarterly Earnings on Wednesday

MYR Group (NASDAQ:MYRG) is expected to be releasing its Q1 2025 earnings data after the market closes on Wednesday, April 30th. Analysts expect MYR Group to post earnings of $1.18 per share and revenue of $788.98 million for the quarter.

MYR Group Stock Performance

Shares of MYRG stock opened at $120.66 on Friday. MYR Group has a 52 week low of $86.60 and a 52 week high of $171.10. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 52.69 and a beta of 1.07. The company has a 50-day simple moving average of $117.48 and a 200 day simple moving average of $134.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.35 and a current ratio of 1.35.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MYRG. KeyCorp upgraded MYR Group from a “sector weight” rating to an “overweight” rating and set a $136.00 target price on the stock in a research note on Friday, March 14th. Stifel Nicolaus dropped their target price on MYR Group from $157.00 to $131.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Piper Sandler assumed coverage on shares of MYR Group in a research note on Tuesday, April 8th. They issued a “neutral” rating and a $124.00 price target on the stock. The Goldman Sachs Group dropped their price objective on shares of MYR Group from $164.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Robert W. Baird decreased their target price on shares of MYR Group from $201.00 to $159.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $139.00.

MYR Group Company Profile

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.