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MYR Group (MYRG)
NASDAQ:MYRG
MYR Group (MYRG) Stock Price & Analysis
184 Followers
MYRG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$110.87 - $181.02
Previous Close$132.9
Volume143.30K
Average Volume (3M)123.92K
Market Cap
$2.23B
Enterprise Value$2.28B
Total Cash (Recent Filing)$24.90M
Total Debt (Recent Filing)$73.61M
Price to Earnings (P/E)25.8
Beta0.79
Next Earnings
Jul 24, 2024EPS Estimate
$1.13Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)5.16
Shares Outstanding16,765,450
10 Day Avg. Volume148,572
30 Day Avg. Volume123,923
Standard Deviation0.10
R-Squared0.31
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)5.21
Price to Sales (P/S)0.65
Price to Cash Flow (P/CF)13.80
P/FCF Ratio25.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.62
Enterprise Value/Gross Profit6.25
Enterprise Value/Ebitda25.63
Forecast
1Y Price Target
$171.00Price Target Upside29.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
MYR Group News
PremiumCompany Announcements
MYR Group Updates Investment Community with Latest Presentation Materials
PremiumCompany Announcements
MYR Group Stockholders Endorse Growth and Compensation PlansBulls Say, Bears Say
Bulls Say
EarningsWeak earnings reaction frequently offers good buying opportunity for long-term holders; analyst's long-term outlook remains positive.
GrowthManagement expects 'high single-digit' organic revenue growth in 2024, based on current backlog, MSA opportunities, and expected new awards.
Market PositionMYRG is a reliable national contractor franchise exposed to attractive secular investment themes around electrification and grid infrastructure investment, with strong historical customer relationships and project delivery.
Bears Say
BacklogBacklog dips again, now a trend.
EarningsShares trading lower against weaker margins and 'lumpy' backlog.
Financial PerformanceRecent quarters have been volatile, with margins generally falling short.
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Ownership Overview
16.09% Insiders
36.17% Mutual Funds
44.43% Other Institutional Investors
3.31% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MYRG FAQ
What was MYR Group’s price range in the past 12 months?
MYR Group lowest stock price was $110.87 and its highest was $181.02 in the past 12 months.
What is MYR Group’s market cap?
Currently, no data Available
When is MYR Group’s upcoming earnings report date?
MYR Group’s upcoming earnings report date is Jul 24, 2024 which is in 21 days.
How were MYR Group’s earnings last quarter?
MYR Group released its earnings results on May 01, 2024. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.144 by -$0.024.
Is MYR Group overvalued?
According to Wall Street analysts MYR Group’s price is currently Undervalued.
Does MYR Group pay dividends?
MYR Group does not currently pay dividends.
What is MYR Group’s EPS estimate?
MYR Group’s EPS estimate is $1.13.
How many shares outstanding does MYR Group have?
MYR Group has 16,765,450 shares outstanding.
What happened to MYR Group’s price movement after its last earnings report?
MYR Group reported an EPS of $1.12 in its last earnings report, missing expectations of $1.144. Following the earnings report the stock price went down -7.784%.
Which hedge fund is a major shareholder of MYR Group?
Among the largest hedge funds holding MYR Group’s share is Neumeier Poma Investment Counsel LLC. It holds MYR Group’s shares valued at 40M.
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MYR Group Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$171.00 (29.01% Upside)
$171.00 (29.01% Upside)
Blogger Sentiment
Bullish
MYRG Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 169.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 1.2%
Last 30 Days ▲ 3.5%
Last 30 Days ▲ 3.5%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-3.93%
12-Months-Change
Fundamentals
Return on Equity
13.98%
Trailing 12-Months
Asset Growth
16.41%
Trailing 12-Months
Company Description
MYR Group
MYR Group, Inc. is a holding company, which engages in the provision of electrical construction services. It operates through the Transmission and Distribution; and Commercial and Industrial segments. The Transmission and Distribution segment provides engineering, procurement, construction, upgrade, maintenance, and repair services to high voltage transmission lines, substations, lower voltage underground, and overhead distribution systems. The Commercial and Industrial segment designs, installs, and maintains commercial and industrial wiring; traffic networks; and bridge, roadway, and tunnel lighting. The company was founded in 1995 and is headquartered in Rolling Meadows, IL.
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MYRG Company Deck
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MYRG Earnings Call
Q1 2024
0:00 / 0:00
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MYRG Stock 12 Month Forecast
Average Price Target
$171.00
▲(29.01% Upside)
Technical Analysis
Best Analysts Covering MYRG
1 Year
1 Year Success Rate
3/6 ratings generated profit
1 Year Average Return
+11.10%
reiterated a buy rating last month
Copying Justin Hauke's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +11.10% per trade.
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