News coverage about MYR Group (NASDAQ:MYRG) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MYR Group earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 45.2322835017834 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
NASDAQ:MYRG traded up $0.11 during trading on Tuesday, reaching $31.21. The company’s stock had a trading volume of 25,898 shares, compared to its average volume of 88,922. The company has a market capitalization of $509.50, a PE ratio of 38.38 and a beta of 0.46. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 2.01. MYR Group has a 12 month low of $23.00 and a 12 month high of $43.49.
MYR Group (NASDAQ:MYRG) last announced its quarterly earnings data on Wednesday, March 7th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $373.50 million during the quarter, compared to the consensus estimate of $373.85 million. MYR Group had a return on equity of 4.90% and a net margin of 1.51%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. sell-side analysts anticipate that MYR Group will post 1.92 earnings per share for the current year.
Several equities research analysts recently issued reports on MYRG shares. Canaccord Genuity upped their price target on MYR Group from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, March 9th. Robert W. Baird set a $41.00 price target on MYR Group and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded MYR Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 15th. BidaskClub downgraded MYR Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, ValuEngine downgraded MYR Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $35.83.
In other MYR Group news, Chairman William A. Koertner sold 20,978 shares of the company’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $35.18, for a total value of $738,006.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.90% of the stock is owned by corporate insiders.
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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 and the renewable energy industries.
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