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

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

MYR Group (NASDAQ:MYRG) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.90. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $932.45 million. MYR Group had a net margin of 3.71% and a return on equity of 22.14%. The business’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period last year, the business earned $1.45 earnings per share. 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 Stock Performance

Shares of MYRG opened at $379.17 on Monday. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 41.80 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 1.31. MYR Group has a fifty-two week low of $171.51 and a fifty-two week high of $503.57. The firm has a 50 day moving average price of $441.22 and a 200-day moving average price of $346.23.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MYRG shares. Oppenheimer reaffirmed a “market perform” rating on shares of MYR Group in a report on Thursday, June 11th. Jefferies Financial Group set a $392.00 price target on shares of MYR Group in a research report on Friday, July 10th. Robert W. Baird set a $373.00 target price on MYR Group in a research note on Thursday, April 30th. Stifel Nicolaus set a $503.00 price target on shares of MYR Group in a research report on Monday, May 4th. Finally, Cantor Fitzgerald boosted their target price on MYR Group from $311.00 to $564.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, MYR Group has a consensus rating of “Moderate Buy” and an average target price of $389.83.

Insider Activity at MYR Group

In other news, Director Kenneth Michael Hartwick sold 3,500 shares of the stock in a transaction 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 sale, the director directly owned 18,631 shares of the company’s stock, valued at approximately $8,393,265.50. This represents a 15.81% 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 Donald C.I. Lucky sold 14,675 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $449.53, for a total value of $6,596,852.75. Following the transaction, the director owned 5,579 shares of the company’s stock, valued at $2,507,927.87. The trade was a 72.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MYRG. Acumen Wealth Advisors LLC bought a new position in MYR Group in the 4th quarter valued at approximately $35,000. Kestra Advisory Services LLC bought a new stake in shares of MYR Group in the 4th quarter worth $66,000. Johnson Financial Group Inc. bought a new stake in shares of MYR Group in the 3rd quarter worth $74,000. Kemnay Advisory Services Inc. purchased a new position in shares of MYR Group in the fourth quarter worth $93,000. Finally, Raymond James Financial Inc. purchased a new position in shares of MYR Group in the second quarter worth $144,000. 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.