MYR Group (MYRG) Projected to Post Earnings on Wednesday

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

MYR Group Price Performance

NASDAQ:MYRG opened at $132.16 on Wednesday. MYR Group has a 1-year low of $86.60 and a 1-year high of $181.02. 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 has a fifty day simple moving average of $148.11 and a 200 day simple moving average of $129.44. The stock has a market capitalization of $2.13 billion, a PE ratio of 57.71 and a beta of 0.94.

Wall Street Analyst Weigh In

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

About MYR Group

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.