What is KeyCorp’s Forecast for MYR Group Q3 Earnings?

MYR Group, Inc. (NASDAQ:MYRG) – Investment analysts at KeyCorp issued their Q3 2026 EPS estimates for MYR Group in a report issued on Tuesday, April 14th. KeyCorp analyst S. Jain anticipates that the utilities provider will earn $2.42 per share for the quarter. The consensus estimate for MYR Group’s current full-year earnings is $1.16 per share. KeyCorp also issued estimates for MYR Group’s Q4 2026 earnings at $2.31 EPS.

MYR Group (NASDAQ:MYRG) last released its earnings results on Wednesday, February 25th. The utilities provider reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.60. The business had revenue of $973.54 million for the quarter, compared to analysts’ expectations of $897.73 million. MYR Group had a return on equity of 19.66% and a net margin of 3.24%.The firm’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group increased their target price on MYR Group from $248.00 to $296.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. Stifel Nicolaus set a $351.00 target price on MYR Group in a research note on Thursday. Weiss Ratings raised MYR Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, January 22nd. Cantor Fitzgerald increased their target price on MYR Group from $285.00 to $311.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Finally, Zacks Research raised MYR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $242.00.

MYR Group Stock Down 1.6%

MYRG opened at $315.26 on Thursday. The stock has a market cap of $4.90 billion, a PE ratio of 41.87 and a beta of 1.07. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. MYR Group has a 52 week low of $106.52 and a 52 week high of $323.82. The business’s fifty day simple moving average is $278.70 and its 200 day simple moving average is $243.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MYRG. Wellington Management Group LLP grew its stake in shares of MYR Group by 63.5% during the fourth quarter. Wellington Management Group LLP now owns 1,021,293 shares of the utilities provider’s stock valued at $223,153,000 after buying an additional 396,502 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of MYR Group during the fourth quarter valued at about $47,012,000. Vanguard Group Inc. grew its stake in shares of MYR Group by 14.7% during the third quarter. Vanguard Group Inc. now owns 1,225,288 shares of the utilities provider’s stock valued at $254,897,000 after buying an additional 157,157 shares during the last quarter. Invesco Ltd. grew its stake in shares of MYR Group by 59.9% during the third quarter. Invesco Ltd. now owns 245,435 shares of the utilities provider’s stock valued at $51,058,000 after buying an additional 91,923 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of MYR Group by 154.2% during the third quarter. Assenagon Asset Management S.A. now owns 148,455 shares of the utilities provider’s stock valued at $30,883,000 after buying an additional 90,051 shares during the last quarter. 88.90% of the stock is owned by institutional investors.

About MYR Group

MYR Group Inc (NASDAQ: MYRG) is a specialty electrical contractor that provides a broad array of construction, maintenance and emergency restoration services to utility, commercial, industrial and renewable energy customers. The company was formed in 1995 through the consolidation of several regional specialty contractors and has since expanded its capabilities to support complex transmission and distribution projects, substation installations, communication and wireless infrastructure, as well as renewable power interconnections.

Through a network of operating subsidiaries, MYR Group delivers turnkey solutions that include overhead and underground line construction, substation and switchgear installation, substation maintenance and testing, and storm restoration services.