- MYRG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $8.9 million.
- MYRG has traded 52,851 shares today.
- MYRG is trading at 8.33 times the normal volume for the stock at this time of day.
- MYRG is trading at a new low 3.04% below yesterday's close.
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- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Construction & Engineering industry. The net income increased by 41.0% when compared to the same quarter one year prior, rising from $10.02 million to $14.13 million.
- MYRG has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.46, which illustrates the ability to avoid short-term cash problems.
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 3.6%. Since the same quarter one year prior, revenues slightly dropped by 1.4%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- MYR GROUP INC has improved earnings per share by 45.6% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, MYR GROUP INC increased its bottom line by earning $1.71 versus $1.60 in the prior year. For the next year, the market is expecting a contraction of 0.6% in earnings ($1.70 versus $1.71).
- You can view the full MYR Group Ratings Report.
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