$0.53 EPS Expected for MYR Group Inc. (MYRG)

October 14, 2018 - By Darrin Black

MYR Group Inc. (NASDAQ:MYRG) LogoInvestors sentiment increased to 1.49 in Q2 2018. Its up 0.28, from 1.21 in 2018Q1. It increased, as 7 investors sold MYR Group Inc. shares while 38 reduced holdings. 20 funds opened positions while 47 raised stakes. 14.29 million shares or 1.03% more from 14.15 million shares in 2018Q1 were reported.
Citadel Ltd Liability Company, a Illinois-based fund reported 37,641 shares. Acadian Asset Ltd Llc holds 0% or 11,574 shares. New York State Common Retirement Fund has 0% invested in MYR Group Inc. (NASDAQ:MYRG) for 30,370 shares. Teachers Retirement Systems Of The State Of Kentucky reported 0% of its portfolio in MYR Group Inc. (NASDAQ:MYRG). Parkside Bancorporation And Trust invested 0% of its portfolio in MYR Group Inc. (NASDAQ:MYRG). Teton Advsr reported 0.4% in MYR Group Inc. (NASDAQ:MYRG). Prudential Incorporated has invested 0% in MYR Group Inc. (NASDAQ:MYRG). Bankshares Of Ny Mellon invested in 179,167 shares. Paloma Partners Mgmt has invested 0.01% of its portfolio in MYR Group Inc. (NASDAQ:MYRG). Strs Ohio reported 1,600 shares. Global X Co Ltd Limited Liability Company reported 0.01% stake. California Pub Employees Retirement Systems has 28,534 shares. Blackrock owns 2.39 million shares. Tower Rech Capital Limited Liability Co (Trc) owns 563 shares. Ls Inv Ltd invested 0% of its portfolio in MYR Group Inc. (NASDAQ:MYRG).

Since May 3, 2018, it had 0 insider purchases, and 4 sales for $2.30 million activity. 993 shares were sold by Waneka Jeffrey J., worth $37,734.

Analysts expect MYR Group Inc. (NASDAQ:MYRG) to report $0.53 EPS on November, 7.They anticipate $0.22 EPS change or 70.97 % from last quarter’s $0.31 EPS. MYRG’s profit would be $8.78 million giving it 15.08 P/E if the $0.53 EPS is correct. After having $0.41 EPS previously, MYR Group Inc.’s analysts see 29.27 % EPS growth. The stock decreased 1.93% or $0.63 during the last trading session, reaching $31.98. About 37,268 shares traded. MYR Group Inc. (NASDAQ:MYRG) has risen 22.81% since October 14, 2017 and is uptrending. It has outperformed by 7.19% the S&P500.

MYR Group Inc. (NASDAQ:MYRG) Ratings Coverage

Among 3 analysts covering MYR Group (NASDAQ:MYRG), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. MYR Group had 3 analyst reports since July 10, 2018 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, July 10. The stock of MYR Group Inc. (NASDAQ:MYRG) has “Neutral” rating given on Tuesday, August 7 by FBR Capital. The firm has “Neutral” rating by Robert W. Baird given on Friday, August 3.

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company has market cap of $529.77 million. It operates through two divisions, Transmission and Distribution, and Commercial and Industrial. It has a 17.03 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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