MYR Group Inc. (MYRG) Analysts See $0.22 EPS

April 17, 2018 - By Peter Erickson

MYR Group Inc. (NASDAQ:MYRG) LogoInvestors sentiment decreased to 0.81 in 2017 Q4. Its down 0.42, from 1.23 in 2017Q3. It fall, as 17 investors sold MYR Group Inc. shares while 50 reduced holdings. 18 funds opened positions while 36 raised stakes. 14.13 million shares or 3.76% more from 13.62 million shares in 2017Q3 were reported.
First Republic Inv Management Incorporated holds 9,510 shares. Texas Permanent School Fund holds 11,128 shares. Teachers Retirement Sys Of The State Of Kentucky accumulated 0% or 5,600 shares. 344,357 were reported by Thomson Horstmann Bryant Inc. Fisher Asset Management Ltd Liability holds 0.01% of its portfolio in MYR Group Inc. (NASDAQ:MYRG) for 113,081 shares. Aqr Cap Ltd Liability Co accumulated 100,395 shares. Guggenheim Cap Lc reported 43,727 shares or 0% of all its holdings. First Tru Advisors Lp holds 0.01% or 107,982 shares. Price T Rowe Assocs Inc Md holds 0% in MYR Group Inc. (NASDAQ:MYRG) or 19,941 shares. Sheets Smith Wealth Mgmt reported 0.1% in MYR Group Inc. (NASDAQ:MYRG). Rice Hall James And Assocs Limited Co reported 0.07% stake. Commercial Bank Of New York Mellon has invested 0% in MYR Group Inc. (NASDAQ:MYRG). Third Avenue Mgmt Ltd Company reported 246,824 shares or 0.42% of all its holdings. Jacobs Levy Equity reported 0.07% stake. Paradigm Capital invested in 0.02% or 8,000 shares.

Since March 16, 2018, it had 0 insider buys, and 2 insider sales for $748,904 activity.

Analysts expect MYR Group Inc. (NASDAQ:MYRG) to report $0.22 EPS on May, 2.They anticipate $0.15 EPS change or 214.29 % from last quarter’s $0.07 EPS. MYRG’s profit would be $3.62 million giving it 35.42 P/E if the $0.22 EPS is correct. After having $0.35 EPS previously, MYR Group Inc.’s analysts see -37.14 % EPS growth. The stock increased 0.23% or $0.07 during the last trading session, reaching $31.17. About 27,931 shares traded. MYR Group Inc. (NASDAQ:MYRG) has declined 22.82% since April 17, 2017 and is downtrending. It has underperformed by 34.37% the S&P500.

MYR Group Inc. (NASDAQ:MYRG) Ratings Coverage

Among 5 analysts covering MYR Group (NASDAQ:MYRG), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. MYR Group had 13 analyst reports since October 18, 2017 according to SRatingsIntel. Oppenheimer downgraded MYR Group Inc. (NASDAQ:MYRG) rating on Monday, March 12. Oppenheimer has “Hold” rating and $37.0 target. The stock of MYR Group Inc. (NASDAQ:MYRG) earned “Hold” rating by Stifel Nicolaus on Wednesday, October 18. The rating was maintained by Robert W. Baird on Wednesday, December 6 with “Buy”. The stock of MYR Group Inc. (NASDAQ:MYRG) has “Hold” rating given on Sunday, December 10 by Stifel Nicolaus. Robert W. Baird maintained the shares of MYRG in report on Thursday, March 8 with “Outperform” rating. Canaccord Genuity maintained MYR Group Inc. (NASDAQ:MYRG) rating on Thursday, March 8. Canaccord Genuity has “Buy” rating and $42.0 target. As per Wednesday, March 28, the company rating was maintained by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, January 3 by Robert W. Baird. As per Friday, March 9, the company rating was maintained by FBR Capital. Robert W. Baird maintained the stock with “Buy” rating in Monday, April 9 report.

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company has market cap of $513.29 million. It operates through two divisions, Transmission and Distribution, and Commercial and Industrial. It has a 24.35 P/E ratio. 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 clients in the electric utility and the renewable energy industries.

MYR Group Inc. (NASDAQ:MYRG) Institutional Positions Chart

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