EPS for MYR Group Inc. (MYRG) forecasted at $0.17

April 20, 2018 - By Arturo Altman

MYR Group Inc. (NASDAQ:MYRG) Corporate Logo
During 2017 Q4 the big money sentiment decreased to 0.81. That’s change of 0.42, from 2017Q3’s 1.23. 17 investors sold all, 50 reduced holdings as MYR Group Inc. ratio dropped. 36 grew holdings while 18 funds acquired holdings. Funds hold 14.13 million shares thus 3.76% more from 2017Q3’s 13.62 million shares.
California Public Employees Retirement System has invested 0% in MYR Group Inc. (NASDAQ:MYRG). Amundi Pioneer Asset owns 32,754 shs for 0% of their capital. Vanguard Group Inc holds 911,656 shs. Los Angeles Capital And Equity holds 0.01% or 49,957 shs in its capital. Morgan Stanley holds 33,076 shs. Credit Suisse Ag accumulated 20,367 shs. Legal And General Public Limited reported 29,697 shs. Rice Hall James & Associates Ltd Liability Company has 0.07% invested in MYR Group Inc. (NASDAQ:MYRG) for 50,652 shs. Citadel Advsr Ltd Liability holds 31,096 shs. Sheets Smith Wealth Management stated it has 12,044 shs. Raymond James Associates has 6,592 shs. Kbc Gp Nv holds 0.01% of its capital in MYR Group Inc. (NASDAQ:MYRG) for 29,750 shs. Great West Life Assurance Can stated it has 20,953 shs. Paradigm Capital Incorporated Ny owns 8,000 shs. Barclays Public Limited Company reported 0% stake.

MYR Group Inc. registered $748,904 net activity with 0 insider buys and 2 selling transactions since March 16, 2018.

Investors wait MYR Group Inc. (NASDAQ:MYRG)’s quarterly earnings on May, 2., according to Zacks. Analysts predict $0.17 earnings per share. That’s $0.10 up or 142.86 % from 2017’s earnings of $0.07. MYRG’s profit could be $2.80 million with 45.78 P/E in case $0.17 earnings per share is revealed. Wall Street now forecasts -51.43 % negative EPS growth despite MYR Group Inc. last quarter’s EPS of $0.35. The stock decreased 1.58% or $0.5 during the last trading session, reaching $31.13.Currently MYR Group Inc. is downtrending after 22.82% change in last April 20, 2017. MYRG has also 33,926 shares volume. MYRG underperformed the S&P500 by 34.37%.

MYR Group Inc. (NASDAQ:MYRG) Ratings Coverage

A total of 5 analysts rate MYR Group (NASDAQ:MYRG) as follows: 2 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 40% are bullish. The firm has $42.0 highest and $3500 lowest target. The avg target $37.60 is 20.78% above the last ($31.13) price. (NASDAQ:MYRG) has 12 ratings reports on Apr 20, 2018 according to StockzIntelligence. On Monday, March 12 the rating was downgraded by Oppenheimer to “Hold”. In Sunday, December 10 report Stifel Nicolaus maintained it with “Hold” rating and $38.0 target. On Monday, April 9 Robert W. Baird maintained the shares of MYRG in report with “Buy” rating. In Thursday, March 8 report Canaccord Genuity maintained the stock with “Buy” rating. On Wednesday, March 28 the company was maintained by Stifel Nicolaus. The company rating was maintained by Robert W. Baird on Wednesday, January 3. On Wednesday, December 6 Robert W. Baird maintained MYR Group Inc. (NASDAQ:MYRG) rating. Robert W. Baird has “Buy” rating and $38.0 target. On Friday, November 3 the firm earned “Outperform” rating by Robert W. Baird. On Thursday, March 8 the rating was maintained by Robert W. Baird with “Outperform”. On Friday, March 9 the stock of MYR Group Inc. (NASDAQ:MYRG) has “Hold” rating given by FBR Capital.

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada.The firm is valued at $512.63 million. It operates through two divisions, Transmission and Distribution, and Commercial and Industrial.The P/E ratio is 24.32. 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 Investors Chart

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