Q1 Earnings Forecast for MYR Group Issued By KeyCorp

MYR Group, Inc. (NASDAQ:MYRG) – Analysts at KeyCorp issued their Q1 2026 EPS estimates for MYR Group in a research report issued to clients and investors on Tuesday, April 14th. KeyCorp analyst S. Jain forecasts that the utilities provider will post earnings per share of $2.27 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 Q2 2026 earnings at $2.19 EPS, FY2026 earnings at $9.20 EPS and FY2027 earnings at $10.13 EPS.

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

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus set a $351.00 target price on shares of MYR Group in a report on Thursday. Wall Street Zen upgraded shares of MYR Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 21st. The Goldman Sachs Group boosted their price objective on shares of MYR Group from $248.00 to $296.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. Zacks Research upgraded shares of MYR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings raised shares of MYR Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.00.

MYR Group Trading Up 4.5%

MYRG opened at $329.33 on Friday. The firm’s fifty day moving average is $279.92 and its two-hundred day moving average is $244.23. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $5.12 billion, a PE ratio of 43.74 and a beta of 1.07. MYR Group has a twelve month low of $106.52 and a twelve month high of $331.28.

Hedge Funds Weigh In On MYR Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of MYR Group by 212.2% in the 4th quarter. Farther Finance Advisors LLC now owns 153 shares of the utilities provider’s stock valued at $33,000 after buying an additional 104 shares in the last quarter. Acumen Wealth Advisors LLC acquired a new position in shares of MYR Group in the 4th quarter valued at approximately $35,000. Signaturefd LLC raised its position in shares of MYR Group by 65.7% in the 4th quarter. Signaturefd LLC now owns 164 shares of the utilities provider’s stock valued at $36,000 after buying an additional 65 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in shares of MYR Group in the 3rd quarter valued at approximately $34,000. Finally, Hantz Financial Services Inc. raised its position in shares of MYR Group by 271.2% in the 4th quarter. Hantz Financial Services Inc. now owns 219 shares of the utilities provider’s stock valued at $48,000 after buying an additional 160 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

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.