MYR Group (MYRG) Stock Price, News & Analysis

Company Overview

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. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of intelligent transportation systems, roadway lighting, and signalization for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, and electric vehicle charging infrastructure. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Thornton, Colorado.

Key Stats

• Today's Range: $150.98 to $155.34
• 50-Day Range: $114.36 to $168.18
• 52-Week Range: $86.60 to $181.02
• Volume: 634,220 shs
• Average Volume: 181,461 shs
• Market Capitalization: $2.47 billion
• P/E Ratio: 66.94
• Dividend Yield: N/A
• Price Target: $157.00
• Consensus Rating: Moderate Buy

MYR Group Stock Analysis - MarketRank™

MYR Group scored higher than 45% of companies evaluated by MarketBeat, and ranked 72nd out of 91 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

MYR Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

MYR Group has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 380.17%

Earnings Growth

Earnings for MYR Group are expected to grow by 380.17% in the coming year, from $1.16 to $5.57 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MYR Group is 66.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of MYR Group is 66.94, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 94.95.

Price to Book Value per Share Ratio

MYR Group has a P/B Ratio of 3.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.67% of the float of MYR Group has been sold short.

Short Interest Ratio / Days to Cover

MYR Group has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MYR Group has recently decreased by 0.39%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

MYR Group does not currently pay a dividend.

Dividend Growth

MYR Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.67% of the float of MYR Group has been sold short.

Short Interest Ratio / Days to Cover

MYR Group has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MYR Group has recently decreased by 0.39%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.34

News Sentiment

MYR Group has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for MYR Group this week, compared to 5 articles on an average week.

Search Interest

2 people have searched for MYRG on MarketBeat in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, MYR Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.80% of the stock of MYR Group is held by insiders.

Percentage Held by Institutions

88.90% of the stock of MYR Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MYRG Stock Analysis - Frequently Asked Questions

How have MYRG shares performed this year?

MYR Group's stock was trading at $144.63 at the beginning of 2024. Since then, MYRG stock has increased by 6.0% and is now trading at $153.30.
View the best growth stocks for 2024 here.

How were MYR Group's earnings last quarter?

MYR Group Inc. (NASDAQ:MYRG) released its quarterly earnings results on Wednesday, October, 30th. The utilities provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.40. MYR Group's quarterly revenue was down 5.5% compared to the same quarter last year.

Does MYR Group have any subsidiaries?

MYR Group subsidiaries include these companies: CSI Electrical Contractors Inc., Huen Electric Inc., Western Pacific Enterprises Ltd., High Country Line Construction Inc., E.S. Boulos Company, Great Southwestern Construction Inc., GSW Integrated Services LLC, and more.

Who are MYR Group's major shareholders?

MYR Group's top institutional investors include State Street Corp (3.87%), Principal Financial Group Inc. (2.61%), Principal Financial Group Inc. (2.68%) and Geode Capital Management LLC (2.40%). Insiders that own company stock include Richard S Jr Swartz, Betty R Johnson, Betty R Wynn, Tod M Cooper, Jeffrey J Waneka, Maurice E Moore, Jennifer Elaine Lowry and William Fry.
View institutional ownership trends.

How do I buy shares of MYR Group?

Shares of MYRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of MYR Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MYR Group investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), ServiceNow (NOW), Tesla (TSLA), JPMorgan Chase & Co. (JPM) and Netflix (NFLX).

Company Calendar

• Last Earnings: 10/30/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Utilities
• Industry: Water, sewer, & utility lines
• Sub-Industry: Construction & Engineering
• Current Symbol: NASDAQ:MYRG
• CUSIP: 55405W10
• CIK: 700923
• Web: www.myrgroup.com
• Phone: (303) 286-8000
• Fax: 847-290-1892
• Employees: 9,000
• Year Founded: 1891

Price Target and Rating

• Average Stock Price Target: $157.00
• High Stock Price Target: $172.00
• Low Stock Price Target: $138.00
• Potential Upside/Downside: +2.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.29
• Trailing P/E Ratio: 66.94
• Forward P/E Ratio: 132.16
• P/E Growth: N/A
• Net Income: $90.99 million
• Net Margins: 1.08%
• Pretax Margin: 1.55%
• Return on Equity: 6.05%
• Return on Assets: 2.42%

Debt

• Debt-to-Equity Ratio: 0.15
• Current Ratio: 1.35
• Quick Ratio: 1.35

Sales & Book Value

• Annual Sales: $3.64 billion
• Price / Sales: 0.68
• Cash Flow: $8.32 per share
• Price / Cash Flow: 18.43
• Book Value: $38.97 per share
• Price / Book: 3.93

Miscellaneous

• Outstanding Shares: 16,120,000
• Free Float: 15,832,000
• Market Cap: $2.47 billion
• Optionable: Optionable
• Beta: 0.93