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

October 14, 2018 - By Hazel Jackson

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.
Wells Fargo & Com Mn holds 0% or 139,235 shares in its portfolio. Pnc Serv Incorporated accumulated 0% or 782 shares. Glenmede Tru Com Na holds 0% in MYR Group Inc. (NASDAQ:MYRG) or 310 shares. California State Teachers Retirement stated it has 0% in MYR Group Inc. (NASDAQ:MYRG). Third Avenue Mgmt Ltd Com has 283,548 shares for 0.5% of their portfolio. Louisiana State Employees Retirement System has 7,400 shares. Ironwood Invest Management Ltd Company holds 26,666 shares or 0.67% of its portfolio. 195,941 are owned by Schwab Charles Mngmt. Sheets Smith Wealth Management holds 0.11% in MYR Group Inc. (NASDAQ:MYRG) or 13,655 shares. Intll Gru Incorporated owns 12,448 shares or 0% of their US portfolio. Bancorporation Of America Corp De holds 65,768 shares. X Management Co Ltd Company reported 10,135 shares. Morgan Dempsey Mgmt Ltd Liability Co holds 0.48% or 33,997 shares. Sg Americas Securities Llc stated it has 0% of its portfolio in MYR Group Inc. (NASDAQ:MYRG). Royal Fincl Bank Of Canada holds 0% in MYR Group Inc. (NASDAQ:MYRG) or 7,505 shares.

Since May 3, 2018, it had 0 insider purchases, and 4 insider sales for $2.30 million activity. The insider Waneka Jeffrey J. sold 993 shares 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. FBR Capital maintained the stock with “Neutral” rating in Tuesday, August 7 report. Robert W. Baird downgraded the stock to “Neutral” rating in Friday, August 3 report. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, July 10.

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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