MYR Group (MYRG) Projected to Post Earnings on Wednesday

MYR Group (NASDAQ:MYRG) is projected to announce 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 registering for the company’s conference call can do so using this link.

MYR Group Price Performance

MYRG stock opened at $118.55 on Tuesday. MYR Group has a 12-month low of $86.60 and a 12-month 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’s 50-day moving average price is $144.78 and its two-hundred day moving average price is $130.17. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 51.77 and a beta of 0.94.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MYRG. Robert W. Baird boosted their price target 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. Stifel Nicolaus boosted their price target 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. The Goldman Sachs Group boosted their price target 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, StockNews.com upgraded shares of MYR Group from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently 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.