MYR Group (MYRG) to Release Quarterly Earnings on Wednesday
MYR Group (NASDAQ:MYRG) is scheduled to post its quarterly earnings results after the market closes on Wednesday, March 7th. Analysts expect MYR Group to post earnings of $0.34 per share for the quarter.
Shares of MYR Group (MYRG) opened at $32.58 on Monday. The firm has a market cap of $536.33, a price-to-earnings ratio of 35.03 and a beta of 0.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.84 and a current ratio of 1.84. MYR Group has a 12 month low of $23.00 and a 12 month high of $43.77.
A number of equities research analysts have weighed in on the stock. BidaskClub lowered shares of MYR Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. KeyCorp reiterated a “hold” rating on shares of MYR Group in a research note on Friday, November 24th. Robert W. Baird set a $41.00 target price on shares of MYR Group and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of MYR Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, B. Riley boosted their target price on shares of MYR Group from $28.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, November 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. MYR Group presently has a consensus rating of “Hold” and a consensus target price of $34.83.
MYR Group Inc is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services. The Company performs construction services in two segments: Transmission and Distribution (T&D), and Commercial and Industrial (C&I). The Company provides C&I electrical contracting services to general contractors, commercial and industrial facility owners, local governments and developers in the western and northeastern United States and western Canada.
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