MYR Group (MYRG) to Release Earnings on Wednesday

MYR Group (NASDAQ:MYRG) is projected to release its Q1 2026 results after the market closes on Wednesday, April 29th. Analysts expect MYR Group to post earnings of $2.02 per share and revenue of $931.9450 million for the quarter. Interested persons can check the company’s upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Thursday, April 30, 2026 at 10:00 AM ET.

MYR Group (NASDAQ:MYRG) last issued its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.60. MYR Group had a return on equity of 19.66% and a net margin of 3.24%.The firm had revenue of $973.54 million during the quarter, compared to the consensus estimate of $897.73 million. During the same period in the prior year, the business earned $0.99 EPS. The firm’s revenue was up 17.3% on a year-over-year basis. On average, analysts expect MYR Group to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

MYR Group Stock Performance

NASDAQ:MYRG opened at $339.28 on Monday. MYR Group has a 1 year low of $117.18 and a 1 year high of $345.00. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 45.06 and a beta of 1.07. The business has a fifty day moving average of $286.41 and a 200-day moving average of $249.51. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.33 and a current ratio of 1.33.

Institutional Trading of MYR Group

Several institutional investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of MYR Group by 3.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 305,202 shares of the utilities provider’s stock valued at $66,687,000 after purchasing an additional 9,651 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of MYR Group by 18.2% during the fourth quarter. Invesco Ltd. now owns 290,226 shares of the utilities provider’s stock valued at $63,414,000 after purchasing an additional 44,791 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of MYR Group by 17.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,055 shares of the utilities provider’s stock valued at $1,105,000 after purchasing an additional 769 shares during the last quarter. Caitlin John LLC purchased a new stake in shares of MYR Group during the fourth quarter valued at $215,000. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of MYR Group by 7.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 5,417 shares of the utilities provider’s stock valued at $1,184,000 after purchasing an additional 355 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Zacks Research raised MYR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of MYR Group in a research note on Tuesday, April 21st. Cantor Fitzgerald increased their price target on MYR Group from $285.00 to $311.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. The Goldman Sachs Group increased their price target on MYR Group from $248.00 to $296.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. Finally, Stifel Nicolaus set a $351.00 price target on MYR Group in a research note on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $242.00.

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.