MYR Group (MYRG) Projected to Post Earnings on Wednesday

MYR Group (NASDAQ:MYRG) is expected to release its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect MYR Group to announce earnings of $2.62 per share and revenue of $995.7350 million for the quarter. Investors may review the information on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Thursday, July 30, 2026 at 10:00 AM ET.

MYR Group (NASDAQ:MYRG) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.90. MYR Group had a return on equity of 22.14% and a net margin of 3.71%.The business had revenue of $1 billion during the quarter, compared to analyst estimates of $932.45 million. During the same period in the prior year, the business earned $1.45 earnings per share. The business’s revenue was up 20.0% compared to the same quarter last year. On average, analysts expect MYR Group to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

MYR Group Price Performance

NASDAQ:MYRG opened at $369.00 on Tuesday. MYR Group has a one year low of $171.51 and a one year high of $503.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $5.75 billion, a PE ratio of 40.68 and a beta of 1.31. The stock has a 50 day moving average price of $439.60 and a 200 day moving average price of $347.17.

Insider Activity at MYR Group

In related news, Director Donald C.I. Lucky sold 14,675 shares of the company’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 value of $6,596,852.75. Following the transaction, the director directly owned 5,579 shares in the company, valued at approximately $2,507,927.87. This represents a 72.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kenneth Michael Hartwick sold 3,500 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $450.50, for a total value of $1,576,750.00. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MYR Group

Several large investors have recently modified their holdings of MYRG. Royal Bank of Canada grew its holdings in shares of MYR Group by 20.8% during the 1st quarter. Royal Bank of Canada now owns 12,791 shares of the utilities provider’s stock worth $1,447,000 after purchasing an additional 2,205 shares during the period. AQR Capital Management LLC raised its holdings in MYR Group by 124.5% in the 1st quarter. AQR Capital Management LLC now owns 10,898 shares of the utilities provider’s stock valued at $1,232,000 after buying an additional 6,044 shares during the period. Goldman Sachs Group Inc. lifted its position 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 buying an additional 1,437 shares during the last quarter. Cetera Investment Advisers acquired a new position in MYR Group in the second quarter valued at about $221,000. Finally, Invesco Ltd. boosted its stake in MYR Group by 26.9% during the second quarter. Invesco Ltd. now owns 153,512 shares of the utilities provider’s stock worth $27,855,000 after buying an additional 32,544 shares during the period. Institutional investors and hedge funds own 88.90% of the company’s stock.

Wall Street Analyst Weigh In

MYRG has been the topic of a number of recent research reports. Robert W. Baird set a $373.00 price objective on MYR Group in a research note on Thursday, April 30th. Cantor Fitzgerald raised their target price on MYR Group from $311.00 to $564.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Zacks Research lowered MYR Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Stifel Nicolaus set a $503.00 price target on shares of MYR Group in a research report on Monday, May 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of MYR Group in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, MYR Group presently has an average rating of “Moderate Buy” and an average target price of $389.83.

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.