MYR Group (MYRG) Projected to Post Earnings on Wednesday

MYR Group (NASDAQ:MYRG) will likely be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect MYR Group to post earnings of $0.75 per share and revenue of $887.55 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

MYR Group Trading Down 5.5 %

MYRG opened at $120.54 on Monday. The stock has a market capitalization of $1.94 billion, a P/E ratio of 52.64 and a beta of 0.94. MYR Group has a 12 month low of $86.60 and a 12 month high of $181.02. The firm’s fifty day simple moving average is $145.75 and its 200 day simple moving average is $130.06. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.15.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com raised shares of MYR Group from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Robert W. Baird boosted their price objective on shares of MYR Group from $131.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on shares of MYR Group from $124.00 to $153.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Stifel Nicolaus boosted their price objective on shares of MYR Group from $153.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

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 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.