MYR Group Inc

Company Profile

MYR Group Inc had its IPO on 2008-08-13 under the ticker symbol MYRG.

The company operates in the Industrials sector and Engineering & Construction industry. MYR Group Inc has a staff strength of 8,500 employees.

Stock update

Shares of MYR Group Inc opened at $128.47 at the start of the last trading session i.e. 2023-06-02.

The stocks traded within a range of $128.47 - $134.31, and closed at $134.29.

This is a +5.05% increase from the previous day's closing price.

A total volume of 90,030 shares were traded at the close of the day’s session.

In the last one week, shares of MYR Group Inc have increased by +4.13%.

MYR Group Inc's Key Ratios

MYR Group Inc has a market cap of $2.14 billion, indicating a price to book ratio of 2.8287 and a price to sales ratio of 0.5193.

In the last 12-months MYR Group Inc’s revenue was $3.18 billion with a gross profit of $343.96 million and an EBITDA of $172.06 million. The EBITDA ratio measures MYR Group Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, MYR Group Inc’s operating margin was 3.6% while its return on assets stood at 5.58% with a return of equity of 15.42%.

In Q1, MYR Group Inc’s quarterly earnings growth was a positive 14% while revenue growth was a positive 27.5%.

MYR Group Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

25.1139

PEG

4.91

Its diluted EPS in the last 12-months stands at $5.09 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 4.91. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into MYR Group Inc’s profitability.

MYR Group Inc stock is trading at a EV to sales ratio of 0.5737 and a EV to EBITDA ratio of 9.6888. Its price to sales ratio in the trailing 12-months stood at 0.5193.

MYR Group Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$1.36 billion

Total Liabilities

$624.85 million

Operating Cash Flow

$-18076000.00

Capital Expenditure

$19.62 million

Dividend Payout Ratio

0%

MYR Group Inc ended 2023 with $1.36 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.36 billion while shareholder equity stood at $577.57 million.

MYR Group Inc ended 2023 with $45.80 million in deferred long-term liabilities, $624.85 million in other current liabilities, 167000.00 in common stock, $427.33 million in retained earnings and $115.91 million in goodwill. Its cash balance stood at $47.04 million and cash and short-term investments were $47.04 million. The company’s total short-term debt was $16,275,000 while long-term debt stood at $20.50 million.

MYR Group Inc’s total current assets stands at $848.34 million while long-term investments were $38.88 million and short-term investments were $0. Its net receivables were $766.70 million compared to accounts payable of $294.31 million and inventory worth $0.

In 2023, MYR Group Inc's operating cash flow was $-18076000.00 while its capital expenditure stood at $19.62 million.

Comparatively, MYR Group Inc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$134.29

52-Week High

$138.7

52-Week Low

$76.97

Analyst Target Price

$146

MYR Group Inc stock is currently trading at $134.29 per share. It touched a 52-week high of $138.7 and a 52-week low of $138.7. Analysts tracking the stock have a 12-month average target price of $146.

Its 50-day moving average was $127.35 and 200-day moving average was $104.15 The short ratio stood at 1.64 indicating a short percent outstanding of 0%.

Around 241.9% of the company’s stock are held by insiders while 9058.8% are held by institutions.