MYR Group (MYRG) Expected to Announce Quarterly Earnings on Wednesday

MYR Group (NASDAQ:MYRG) is expected to be announcing its Q1 2026 results after the market closes on Wednesday, April 29th. Analysts expect the company to announce earnings of $2.02 per share and revenue of $931.9450 million for the quarter. Investors are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Thursday, April 30, 2026 at 10:00 AM ET.

MYR Group (NASDAQ:MYRG) last issued its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.60. MYR Group had a net margin of 3.24% and a return on equity of 19.66%. The company had revenue of $973.54 million during the quarter, compared to the consensus estimate of $897.73 million. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The firm’s revenue was up 17.3% compared to the same quarter last year. On average, analysts expect MYR Group to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

MYR Group Stock Up 0.7%

Shares of MYRG stock opened at $334.35 on Wednesday. The firm has a fifty day moving average of $282.45 and a 200-day moving average of $246.64. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. MYR Group has a 12-month low of $108.87 and a 12-month high of $339.23. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 44.40 and a beta of 1.07.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MYRG shares. Cantor Fitzgerald increased their price objective on MYR Group from $285.00 to $311.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Weiss Ratings upgraded MYR Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 22nd. Zacks Research upgraded MYR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. The Goldman Sachs Group increased their price objective on MYR Group from $248.00 to $296.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Finally, Stifel Nicolaus set a $351.00 price objective on MYR Group in a report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $242.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MYRG. Royal Bank of Canada grew its stake in MYR Group by 20.8% in the first quarter. Royal Bank of Canada now owns 12,791 shares of the utilities provider’s stock valued at $1,447,000 after purchasing an additional 2,205 shares in the last quarter. AQR Capital Management LLC grew its stake in MYR Group by 124.5% in the first quarter. AQR Capital Management LLC now owns 10,898 shares of the utilities provider’s stock valued at $1,232,000 after purchasing an additional 6,044 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in MYR Group by 0.7% in the first quarter. Goldman Sachs Group Inc. now owns 203,356 shares of the utilities provider’s stock valued at $22,998,000 after purchasing an additional 1,437 shares in the last quarter. Cetera Investment Advisers bought a new position in MYR Group in the second quarter valued at approximately $221,000. Finally, Invesco Ltd. grew its stake in MYR Group by 26.9% in the second quarter. Invesco Ltd. now owns 153,512 shares of the utilities provider’s stock valued at $27,855,000 after purchasing an additional 32,544 shares in the last quarter. 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.