MYR Group (MYRG) to Release Quarterly Earnings on Wednesday
MYR Group (NASDAQ:MYRG) is scheduled to be announcing its earnings results after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.60 per share for the quarter.
MYR Group (NASDAQ:MYRG) last posted its earnings results on Wednesday, May 1st. The utilities provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. MYR Group had a return on equity of 10.32% and a net margin of 1.98%. The company had revenue of $468.10 million for the quarter, compared to the consensus estimate of $395.83 million. During the same quarter in the prior year, the company earned $0.34 earnings per share. MYR Group’s revenue was up 35.4% on a year-over-year basis. On average, analysts expect MYR Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
MYRG stock traded down $0.15 during trading on Monday, reaching $37.04. The stock had a trading volume of 3,361 shares, compared to its average volume of 38,318. MYR Group has a 52 week low of $26.24 and a 52 week high of $39.60. The firm’s 50 day moving average is $35.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $617.34 million, a price-to-earnings ratio of 19.81 and a beta of 0.79.
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 industry.
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