KeyCorp Estimates MYR Group’s FY2026 Earnings (NASDAQ:MYRG)

MYR Group, Inc. (NASDAQ:MYRG) – Analysts at KeyCorp issued their FY2026 earnings per share (EPS) estimates for shares of MYR Group in a research note issued on Wednesday, November 4th. KeyCorp analyst S. Jain expects that the utilities provider will post earnings per share of $14.08 for the year. KeyCorp currently has an “Overweight” rating and a $361.00 target price on the stock. The consensus estimate for MYR Group’s current full-year earnings is $13.46 per share. KeyCorp also issued estimates for MYR Group’s Q4 2026 earnings at $4.10 EPS, FY2027 earnings at $17.27 EPS and FY2028 earnings at $19.36 EPS.

Several other equities research analysts have also issued reports on the stock. Weiss Ratings lowered shares of MYR Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 2nd. Wall Street Zen downgraded shares of MYR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. Jefferies Financial Group upgraded shares of MYR Group from a “hold” rating to a “buy” rating and cut their price target for the company from $377.00 to $370.00 in a report on Tuesday, October 6th. The Goldman Sachs Group reissued a “neutral” rating and issued a $331.00 price objective on shares of MYR Group in a research report on Thursday, October 22nd. Finally, Robert W. Baird set a $363.00 price objective on shares of MYR Group in a research note on Thursday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $397.00.

MYR Group Trading Down 2.3%

MYRG stock opened at $272.81 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.24. MYR Group has a twelve month low of $199.30 and a twelve month high of $503.57. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 22.16 and a beta of 1.36. The firm’s fifty day simple moving average is $284.99 and its two-hundred day simple moving average is $334.35.

MYR Group (NASDAQ:MYRG) last released its earnings results on Wednesday, October 28th. The utilities provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.85. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.16 billion. MYR Group had a return on equity of 26.32% and a net margin of 4.48%. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS.

Institutional Investors Weigh In On MYR Group

Several hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC bought a new position in shares of MYR Group in the 3rd quarter worth $236,000. Boston Partners grew its stake in MYR Group by 56.5% in the third quarter. Boston Partners now owns 5,502 shares of the utilities provider’s stock valued at $1,609,000 after purchasing an additional 1,987 shares during the last quarter. Independent Advisor Alliance raised its holdings in MYR Group by 62.3% in the third quarter. Independent Advisor Alliance now owns 1,328 shares of the utilities provider’s stock worth $379,000 after purchasing an additional 510 shares in the last quarter. Voya Investment Management LLC raised its holdings in MYR Group by 3.6% in the third quarter. Voya Investment Management LLC now owns 7,577 shares of the utilities provider’s stock worth $2,216,000 after purchasing an additional 264 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in MYR Group by 5.5% in the third quarter. Public Sector Pension Investment Board now owns 64,599 shares of the utilities provider’s stock worth $19,855,000 after purchasing an additional 3,379 shares in the last quarter. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

MYR Group Company Profile

MYR Group Inc. is a specialty electrical construction company that provides services through subsidiaries across the United States and Canada. Its work includes the engineering, construction, and maintenance of electrical infrastructure for utilities and other customers. The company operates through Transmission and Distribution and Commercial and Industrial segments. Transmission and Distribution projects include electric transmission and distribution lines, substations, and related infrastructure, as well as maintenance and emergency restoration work.