KeyCorp Predicts MYR Group’s Q1 Earnings (NASDAQ:MYRG)

MYR Group, Inc. (NASDAQ:MYRG) – KeyCorp issued their Q1 2026 earnings per share (EPS) estimates for MYR Group in a report released on Tuesday, April 14th. KeyCorp analyst S. Jain anticipates that the utilities provider will earn $2.27 per share for the quarter. The consensus estimate for MYR Group’s current full-year earnings is $1.16 per share. KeyCorp also issued estimates for MYR Group’s Q2 2026 earnings at $2.19 EPS, FY2026 earnings at $9.20 EPS and FY2027 earnings at $10.13 EPS.

MYR Group (NASDAQ:MYRG) last released its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.60. MYR Group had a return on equity of 19.66% and a net margin of 3.24%.The business had revenue of $973.54 million for the quarter, compared to analysts’ expectations of $897.73 million. During the same quarter in the previous year, the business posted $0.99 EPS. MYR Group’s revenue for the quarter was up 17.3% on a year-over-year basis.

A number of other research analysts have also weighed in on the stock. Weiss Ratings raised shares of MYR Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, January 22nd. Cantor Fitzgerald raised their price objective on shares of MYR Group from $285.00 to $311.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. The Goldman Sachs Group boosted their price objective on shares of MYR Group from $248.00 to $296.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. Wall Street Zen raised shares of MYR Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 21st. Finally, Stifel Nicolaus set a $351.00 target price on MYR Group in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $242.00.

MYR Group Price Performance

NASDAQ MYRG opened at $315.26 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 41.87 and a beta of 1.07. The business has a 50 day simple moving average of $278.70 and a 200 day simple moving average of $243.38. MYR Group has a 52-week low of $106.52 and a 52-week high of $323.82.

Institutional Investors Weigh In On MYR Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CWA Asset Management Group LLC bought a new stake in MYR Group during the third quarter worth $1,506,000. Vanguard Group Inc. grew its position in shares of MYR Group by 14.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,225,288 shares of the utilities provider’s stock valued at $254,897,000 after acquiring an additional 157,157 shares during the period. SG Americas Securities LLC acquired a new position in shares of MYR Group during the 3rd quarter worth about $1,516,000. Fisher Asset Management LLC increased its stake in shares of MYR Group by 0.9% during the 3rd quarter. Fisher Asset Management LLC now owns 450,402 shares of the utilities provider’s stock worth $93,697,000 after purchasing an additional 4,203 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of MYR Group by 138.9% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 35,779 shares of the utilities provider’s stock valued at $7,443,000 after purchasing an additional 20,804 shares during the period. Institutional investors own 88.90% of the company’s stock.

About MYR Group

MYR Group Inc (NASDAQ: MYRG) is a specialty electrical contractor that provides a broad array of construction, maintenance and emergency restoration services to utility, commercial, industrial and renewable energy customers. The company was formed in 1995 through the consolidation of several regional specialty contractors and has since expanded its capabilities to support complex transmission and distribution projects, substation installations, communication and wireless infrastructure, as well as renewable power interconnections.

Through a network of operating subsidiaries, MYR Group delivers turnkey solutions that include overhead and underground line construction, substation and switchgear installation, substation maintenance and testing, and storm restoration services.