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. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

MYR Group Stock Performance

NASDAQ MYRG opened at $120.54 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average price is $145.75 and its two-hundred day moving average price is $130.06. MYR Group has a 1 year low of $86.60 and a 1 year high of $181.02. The firm has a market capitalization of $1.94 billion, a P/E ratio of 52.64 and a beta of 0.94.

Wall Street Analyst Weigh In

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