MYR Group (NASDAQ:MYRG) Posts Quarterly Earnings Results, Beats Expectations By $0.55 EPS

Posted by on Jul 30th, 2026

MYR Group (NASDAQ:MYRG – Get Free Report) released its quarterly earnings results on Wednesday. The utilities provider reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.55, FiscalAI reports. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $995.74 million. MYR Group had a net margin of 3.71% and a return on equity of 22.14%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.70 EPS.

MYR Group Stock Up 2.2%

Shares of NASDAQ MYRG traded up $6.93 during mid-day trading on Thursday, reaching $328.99. 318,478 shares of the company were exchanged, compared to its average volume of 280,408. MYR Group has a 1 year low of $171.51 and a 1 year high of $503.57. The firm has a 50-day moving average of $435.13 and a 200 day moving average of $348.61. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 36.27 and a beta of 1.31. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.01.

Insider Activity

In other news, Director Kenneth Michael Hartwick sold 3,500 shares of MYR Group stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $450.50, for a total value of $1,576,750.00. Following the transaction, the director owned 18,631 shares of the company’s stock, valued at $8,393,265.50. The trade was a 15.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donald C.I. Lucky sold 14,675 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $449.53, for a total transaction of $6,596,852.75. Following the transaction, the director owned 5,579 shares of the company’s stock, valued at approximately $2,507,927.87. This trade represents a 72.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by insiders.

Institutional Trading of MYR Group

A number of institutional investors have recently made changes to their positions in MYRG. T. Rowe Price Investment Management Inc. increased its position in MYR Group by 3.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 305,202 shares of the utilities provider’s stock valued at $66,687,000 after buying an additional 9,651 shares in the last quarter. Invesco Ltd. boosted its holdings in MYR Group by 18.2% in the fourth quarter. Invesco Ltd. now owns 290,226 shares of the utilities provider’s stock worth $63,414,000 after acquiring an additional 44,791 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of MYR Group by 17.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,055 shares of the utilities provider’s stock worth $1,105,000 after acquiring an additional 769 shares during the last quarter. Caitlin John LLC purchased a new stake in shares of MYR Group during the fourth quarter worth about $215,000. Finally, State of Tennessee Department of Treasury increased its holdings in shares of MYR Group by 7.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 5,417 shares of the utilities provider’s stock valued at $1,184,000 after acquiring an additional 355 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MYRG shares. Weiss Ratings restated a “buy (b-)” rating on shares of MYR Group in a research report on Friday, July 17th. Robert W. Baird set a $375.00 price objective on MYR Group in a report on Thursday. Jefferies Financial Group set a $392.00 price objective on MYR Group in a research report on Friday, July 10th. Cantor Fitzgerald lifted their target price on MYR Group from $311.00 to $564.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Finally, Zacks Research cut shares of MYR Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $390.17.

View Our Latest Stock Analysis on MYRG

About MYR Group

(Get Free Report)

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.

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Earnings History for MYR Group (NASDAQ:MYRG)

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