KeyCorp Issues Pessimistic Estimate for MYR Group Earnings

MYR Group, Inc. (NASDAQ:MYRG) – KeyCorp decreased their Q3 2025 EPS estimates for MYR Group in a report issued on Tuesday, September 30th. KeyCorp analyst S. Jain now anticipates that the utilities provider will post earnings per share of $1.93 for the quarter, down from their prior forecast of $2.20. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for MYR Group’s current full-year earnings is $1.16 per share. KeyCorp also issued estimates for MYR Group’s Q4 2025 earnings at $1.94 EPS.

MYR Group (NASDAQ:MYRG) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.14. MYR Group had a return on equity of 13.16% and a net margin of 2.21%.The firm had revenue of $900.33 million during the quarter, compared to the consensus estimate of $828.20 million. During the same period in the prior year, the firm earned ($0.91) EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year.

MYRG has been the topic of a number of other research reports. The Goldman Sachs Group increased their target price on MYR Group from $168.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. 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 target on the stock. Wall Street Zen downgraded shares of MYR Group from a “strong-buy” rating to a “buy” rating in a report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of MYR Group in a research note on Saturday, September 27th. Finally, Stifel Nicolaus set a $210.00 target price on shares of MYR Group in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $191.83.

MYR Group Price Performance

MYRG stock opened at $199.55 on Friday. The stock’s 50 day moving average is $187.09 and its two-hundred day moving average is $164.36. MYR Group has a 52-week low of $97.72 and a 52-week high of $220.01. The company has a market capitalization of $3.10 billion, a PE ratio of 41.66 and a beta of 1.19. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.14.

Hedge Funds Weigh In On MYR Group

Several large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in MYR Group during the first quarter valued at approximately $440,000. Teacher Retirement System of Texas bought a new position in shares of MYR Group during the first quarter worth $267,000. GAMMA Investing LLC grew its holdings in shares of MYR Group by 12,329.7% in the 1st quarter. GAMMA Investing LLC now owns 68,985 shares of the utilities provider’s stock valued at $7,802,000 after buying an additional 68,430 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of MYR Group in the 1st quarter valued at $1,922,000. Finally, Nuveen LLC acquired a new stake in MYR Group during the 1st quarter worth $18,511,000. 88.90% of the stock is currently owned by institutional investors and hedge funds.

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.