MYR Group (MYRG) to Release Earnings on Wednesday

MYR Group (NASDAQ:MYRG - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.75 per share and revenue of $887.55 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.

MYR Group Stock Performance

Shares of NASDAQ MYRG traded down $6.97 during midday trading on Friday, hitting $120.54. 243,353 shares of the company's stock were exchanged, compared to its average volume of 184,602. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.15. MYR Group has a 12 month low of $86.60 and a 12 month high of $181.02. The company's 50 day moving average price is $146.65 and its 200 day moving average price is $129.46. The firm has a market capitalization of $1.94 billion, a PE ratio of 52.64 and a beta of 0.94.

Wall Street Analysts Forecast Growth

MYRG has been the subject of several research analyst reports. Robert W. Baird lifted their target price on MYR Group from $131.00 to $138.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Stifel Nicolaus boosted their price target on MYR Group from $153.00 to $172.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. The Goldman Sachs Group boosted their price target on MYR Group from $124.00 to $153.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Finally, StockNews.com upgraded MYR Group from a "sell" rating to a "hold" rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, MYR Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.00.

About MYR Group

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.