MYR Group (MYRG) Set to Announce Earnings on Wednesday

MYR Group (NASDAQ:MYRG) will release its earnings data after the market closes on Wednesday, October 31st. Analysts expect MYR Group to post earnings of $0.53 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

MYR Group (NASDAQ:MYRG) last posted its earnings results on Wednesday, August 1st. The utilities provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. MYR Group had a return on equity of 7.81% and a net margin of 2.18%. The firm had revenue of $339.68 million for the quarter, compared to analysts’ expectations of $364.65 million. During the same period last year, the firm earned $0.07 EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. On average, analysts expect MYR Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MYRG traded up $0.31 during trading hours on Tuesday, hitting $33.13. The company’s stock had a trading volume of 101 shares, compared to its average volume of 64,034. MYR Group has a fifty-two week low of $28.93 and a fifty-two week high of $40.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market cap of $534.24 million, a P/E ratio of 40.52 and a beta of 0.48.

Several research firms recently commented on MYRG. BidaskClub upgraded MYR Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Zacks Investment Research upgraded MYR Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. B. Riley lowered their target price on MYR Group from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 7th. Robert W. Baird cut MYR Group from an “outperform” rating to a “neutral” rating in a research report on Friday, August 3rd. Finally, Stifel Nicolaus raised their target price on MYR Group from $37.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday, July 10th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.60.

MYR Group Company Profile

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 and the renewable energy industries.

Further Reading: Float

Earnings History for MYR Group (NASDAQ:MYRG)

Receive News & Ratings for MYR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MYR Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply