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

April 17, 2018 - By Maria Brooks

MYR Group Inc. (NASDAQ:MYRG) LogoInvestors sentiment decreased to 0.81 in Q4 2017. Its down 0.42, from 1.23 in 2017Q3. It dropped, 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.
Thomson Horstmann & Bryant Inc accumulated 344,357 shares or 1.62% of the stock. Aperio Gru Ltd Liability accumulated 28,411 shares or 0.01% of the stock. Victory Capital Mgmt holds 0.06% or 840,577 shares. Oppenheimer & Incorporated holds 0.03% of its portfolio in MYR Group Inc. (NASDAQ:MYRG) for 28,300 shares. The California-based Rice Hall James Lc has invested 0.07% in MYR Group Inc. (NASDAQ:MYRG). North Star Investment Management invested in 0% or 500 shares. Moreover, State Street has 0% invested in MYR Group Inc. (NASDAQ:MYRG). Ameriprise Fin owns 100,013 shares for 0% of their portfolio. Goldman Sachs Gp Inc Inc holds 45,011 shares or 0% of its portfolio. Alliancebernstein Limited Partnership has invested 0.01% in MYR Group Inc. (NASDAQ:MYRG). Ameritas Partners Inc stated it has 0% of its portfolio in MYR Group Inc. (NASDAQ:MYRG). Price T Rowe Associates Inc Md invested in 0% or 19,941 shares. 151,002 were accumulated by Geode Mgmt Ltd Liability Co. Renaissance Tech Ltd Limited Liability Company reported 47,800 shares. Parametric Associates Ltd Liability invested 0% of its portfolio in MYR Group Inc. (NASDAQ:MYRG).

Since March 16, 2018, it had 0 insider purchases, 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. Stifel Nicolaus maintained the shares of MYRG in report on Wednesday, October 18 with “Hold” rating. Stifel Nicolaus maintained the shares of MYRG in report on Wednesday, March 28 with “Hold” rating. The rating was maintained by Robert W. Baird with “Outperform” on Thursday, March 8. The stock has “Outperform” rating by Robert W. Baird on Friday, November 3. On Monday, March 12 the stock rating was downgraded by Oppenheimer to “Hold”. The rating was maintained by Stifel Nicolaus on Sunday, December 10 with “Hold”. The company was maintained on Friday, March 9 by FBR Capital. As per Wednesday, December 6, the company rating was maintained by Robert W. Baird. The company was maintained on Wednesday, January 3 by Robert W. Baird. The rating was maintained by Canaccord Genuity on Thursday, March 8 with “Buy”.

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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