Analysts See Rise of MYR Group Inc (MYRG) EPS

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Analysts await MYR Group Inc (NASDAQ:MYRG) to reports earnings on November, 4. They expect $0.44 earnings per share, up 12.82 % or $0.05 from last year’s $0.39 per share. MYRG’s profit will be $9.01 million for 13.13 P/E if the $0.44 EPS becomes reality. After $0.38 actual earnings per share reported by MYR Group Inc for the previous quarter, Wall Street now forecasts 15.79 % EPS growth. The stock increased 2.71% or $0.61 during the last trading session, hitting $23.11. About 90,132 shares traded hands. MYR Group Inc (NASDAQ:MYRG) has declined 26.26% since March 31, 2015 and is downtrending. It has underperformed by 28.01% the S&P500.

Out of 4 analysts covering MYR Group Inc (NASDAQ:MYRG), 2 rate it “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. MYR Group Inc was the topic in 13 analyst reports since March 13, 2015 according to StockzIntelligence Inc. BB&T Capital downgraded the stock on October 2 to “Hold” rating.

The institutional sentiment increased to 1.68 in Q2 2015. Its up 0.40, from 1.28 in 2015Q1. The ratio increased, as 11 funds sold all MYR Group Inc shares owned while 42 reduced positions. 31 funds bought stakes while 58 increased positions. They now own 20.34 million shares or 12.10% more from 18.14 million shares in 2015Q1.

Lafitte Capital Management Lp holds 3.56% of its portfolio in MYR Group Inc for 174,538 shares. Corbyn Investment Management Inc Md owns 460,758 shares or 3.12% of their US portfolio. Moreover, Hillcrest Asset Management Llc has 2.32% invested in the company for 248,129 shares. The Maryland-based Investment Counselors Of Maryland Llc has invested 1.17% in the stock. Harvey Partners Llc, a New York-based fund reported 74,007 shares.

Since March 16, 2015, the stock had 0 insider purchases, and 2 selling transactions for $1.19 million net activity. Green William H. sold 32,000 shares worth $864,784. Koertner William A sold 19,732 shares worth $631,424. Swartz Richard S. Jr. sold 11,577 shares worth $326,373.

MYR Group Inc. is a holding company, which provides specialty electrical construction services through its subsidiaries. The company has a market cap of $473.40 million. The Firm performs construction services in two business divisions: Transmission and Distribution , and Commercial and Industrial (C&I). It has 13.09 P/E ratio. T&D segment provides solutions to clients in the electric utility industry and the renewable energy industry.

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