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Forecast
The analysts' average price target is €357.77 (+53.02%). The median is €335.58 (+43.53%).
| Buy |
Â
10 |
| Hold |
Â
12 |
| Sell |
Â
0 |
News Go to news feed
MYR Group benefits from record backlog and acquires Valley Holdings
MYR Group reports a record backlog thanks to the expansion of power grids in the US and Canada. The acquisition of Valley Holdings for $328 million strengthens the company’s commercial and industrial segment. In the first quarter MYR Group doubled earnings per share, underlining the positive operational development. » More on finanzen.net
MYR Group to acquire Valley Electric and Comet Electric for about $328 million
MYR Group announces signing of an agreement to acquire Valley Holdings, including Valley Electric and Comet Electric, for approximately $328.0 million. The transaction, approved by seller Prospect Capital and the MYR board, is expected to close around July 1, 2026, and is subject to customary purchase price adjustments and regulatory approvals. MYR plans to finance the acquisition with cash and funds from its revolving credit facility; the two targets most recently generated combined average annual revenue of more than $400 million. The deal represents roughly 4.5% of MYR’s market capitalization; MYR has more cash than debt and a very low leverage ratio of 0.09. » More on de.investing.com
MYR Group far exceeds Q1-2026 expectations
MYR Group reported Q1 2026 EPS of $2.99 (expectation $2.06) and revenue of $1.0 billion, with both metrics clearly beating forecasts. Revenue increased 20% year over year, both segments contributed to the growth, and the company recorded record net income and EBITDA. The backlog stands at $2.84 billion and supports the optimistic outlook; the stock jumped sharply in after-hours trading. » More on de.investing.com
Financials
| (EUR) | June 2026 | YoY |
|---|---|---|
| Revenue | 947.82m | 24.08% |
| Gross profit | 125.01m | 43.75% |
| Net profit | 43.68m | 94.53% |
| EBITDA | 74.53m | 57.88% |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €3.55bn |
Number of shares | 15.57m |
52-week high/low | €450.63 - €178.36 |
| Dividends | No |
Beta | 1.32 |
P/E ratio | 23.94 |
PEG ratio | 0.20 |
P/B ratio | 5.25 |
P/S ratio | 0.99 |
Company profile
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, renewable power facilities, and limited gas construction services, as well as emergency restoration services in response to hurricane, ice, or other storm related damages. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting for airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Henderson, Colorado.
| Name | MYR Group |
| CEO | Richard S. Swartz Jr. |
| Headquarters | Thornton,
co USA |
| Website | |
| Sector | Industrials |
| Industry | Construction & Engineering |
| IPO | 13/08/2008 |
| Employees | 9,000 |
Ticker symbols
| Exchange | Symbol |
|---|---|
NASDAQ | MYRG |
Frankfurt | MYP.F |
DĂĽsseldorf | MYP.DU |