MYR Group (MYRG) Set to Announce Quarterly Earnings on Wednesday
MYR Group (NASDAQ:MYRG) is scheduled to be announcing its Q214 earnings results on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.41 per share and revenue of $228.90 million for the quarter.
MYR Group (NASDAQ:MYRG) last announced its earnings results on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.03. The company had revenue of $215.64 million for the quarter, compared to the consensus estimate of $207.49 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts expect MYR Group to post $1.56 EPS for the current fiscal year and $1.73 EPS for the next fiscal year.
Shares of MYR Group (NASDAQ:MYRG) traded up 0.76% during mid-day trading on Tuesday, hitting $25.23. The stock had a trading volume of 24,930 shares. MYR Group has a 52-week low of $21.42 and a 52-week high of $27.30. The stock has a 50-day moving average of $25.24 and a 200-day moving average of $24.68. The company has a market cap of $537.6 million and a P/E ratio of 15.86.
A number of analysts have recently weighed in on MYRG shares. Analysts at Robert W. Baird upgraded shares of MYR Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $30.00 price target on the stock, up previously from $27.00. They noted that the move was a valuation call. On the ratings front, analysts at Zacks upgraded shares of MYR Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 10th. They now have a $27.90 price target on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of MYR Group in a research note on Friday, May 9th. They now have a $28.00 price target on the stock, down previously from $29.00. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. MYR Group currently has an average rating of “Buy” and an average target price of $27.98.
MYR Group Inc (NASDAQ:MYRG) is a holding company.
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