MYR Group (MYRG) Expected to Announce Earnings on Wednesday

MYR Group (NASDAQ:MYRG) is expected to release its Q3 2025 results after the market closes on Wednesday, October 29th. Analysts expect MYR Group to post earnings of $1.92 per share and revenue of $931.7160 million for the quarter. Parties may review the information on the company’s upcoming Q3 2025 earningreport for the latest details on the call scheduled for Thursday, October 30, 2025 at 10:00 AM ET.

MYR Group (NASDAQ:MYRG) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.14. The firm had revenue of $900.33 million during the quarter, compared to analysts’ expectations of $828.20 million. MYR Group had a return on equity of 13.16% and a net margin of 2.21%.MYR Group’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.91) earnings per share. On average, analysts expect MYR Group to post $1 EPS for the current fiscal year and $6 EPS for the next fiscal year.

MYR Group Trading Down 0.2%

NASDAQ:MYRG opened at $209.06 on Wednesday. The stock has a fifty day moving average price of $190.53 and a two-hundred day moving average price of $171.52. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 43.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.33 and a current ratio of 1.33. MYR Group has a 1 year low of $97.72 and a 1 year high of $220.01.

Institutional Investors Weigh In On MYR Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in MYR Group by 0.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 203,356 shares of the utilities provider’s stock worth $22,998,000 after purchasing an additional 1,437 shares during the last quarter. Bank of America Corp DE boosted its position in MYR Group by 13.3% during the 2nd quarter. Bank of America Corp DE now owns 180,522 shares of the utilities provider’s stock valued at $32,756,000 after purchasing an additional 21,236 shares during the period. Invesco Ltd. boosted its position in MYR Group by 26.9% during the 2nd quarter. Invesco Ltd. now owns 153,512 shares of the utilities provider’s stock valued at $27,855,000 after purchasing an additional 32,544 shares during the period. First Trust Advisors LP boosted its position in MYR Group by 14.5% during the 2nd quarter. First Trust Advisors LP now owns 91,754 shares of the utilities provider’s stock valued at $16,649,000 after purchasing an additional 11,604 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new position in MYR Group during the 2nd quarter valued at approximately $13,609,000. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MYRG. The Goldman Sachs Group lifted their price objective on MYR Group from $168.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. KeyCorp reiterated a “sector weight” rating on shares of MYR Group in a research report on Wednesday, October 1st. Jefferies Financial Group began coverage on MYR Group in a research report on Friday, August 15th. They set a “hold” rating and a $202.00 price objective for the company. Stifel Nicolaus lifted their price objective on MYR Group from $210.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Finally, Wall Street Zen lowered MYR Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 3rd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $194.50.

About MYR Group

MYR Group Inc, through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice, or other related damages.