What is KeyCorp’s Estimate for MYR Group FY2026 Earnings?

MYR Group, Inc. (NASDAQ:MYRG) – Equities researchers at KeyCorp issued their FY2026 EPS estimates for shares of MYR Group in a report released on Wednesday, November 4th. KeyCorp analyst S. Jain forecasts that the utilities provider will post earnings per share of $14.08 for the year. KeyCorp has an “Overweight” rating and a $361.00 price target on the stock. The consensus estimate for MYR Group’s current full-year earnings is $13.46 per share. KeyCorp also issued estimates for MYR Group’s Q4 2026 earnings at $4.10 EPS, FY2027 earnings at $17.27 EPS and FY2028 earnings at $19.36 EPS.

MYR Group (NASDAQ:MYRG) last released its quarterly earnings results on Wednesday, October 28th. The utilities provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.85. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.16 billion. MYR Group had a return on equity of 26.32% and a net margin of 4.48%. The firm’s revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 earnings per share.

Other equities research analysts also recently issued research reports about the company. The Goldman Sachs Group restated a “neutral” rating and set a $331.00 price target on shares of MYR Group in a report on Thursday, October 22nd. Stifel Nicolaus lowered their price objective on MYR Group from $445.00 to $393.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Wall Street Zen lowered shares of MYR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Robert W. Baird set a $363.00 target price on shares of MYR Group in a report on Thursday, October 29th. Finally, Jefferies Financial Group upgraded shares of MYR Group from a “hold” rating to a “buy” rating and decreased their price target for the stock from $377.00 to $370.00 in a research note on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, MYR Group currently has an average rating of “Moderate Buy” and an average price target of $397.00.

MYR Group Trading Up 6.2%

NASDAQ:MYRG opened at $279.26 on Monday. The firm has a market cap of $4.35 billion, a PE ratio of 22.69 and a beta of 1.36. The stock has a fifty day moving average price of $285.36 and a 200 day moving average price of $334.24. MYR Group has a 12-month low of $199.30 and a 12-month high of $503.57. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On MYR Group

Several institutional investors have recently bought and sold shares of MYRG. Kilter Group LLC purchased a new position in MYR Group in the second quarter worth $25,000. Richardson Financial Services Inc. grew its stake in shares of MYR Group by 169.7% during the 3rd quarter. Richardson Financial Services Inc. now owns 89 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 56 shares during the period. Carolina Wealth Advisors LLC acquired a new position in shares of MYR Group during the 2nd quarter worth $30,000. Global Retirement Partners LLC acquired a new position in shares of MYR Group during the 2nd quarter worth $30,000. Finally, Parallel Advisors LLC increased its holdings in shares of MYR Group by 207.9% in the 1st quarter. Parallel Advisors LLC now owns 117 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 79 shares in the last quarter. 88.90% of the stock is owned by institutional investors and hedge funds.

About MYR Group

MYR Group Inc is a specialty electrical construction company that provides services through subsidiaries across the United States and Canada. Its work includes the engineering, construction, and maintenance of electrical infrastructure for utilities and other customers.

The company operates through Transmission and Distribution and Commercial and Industrial segments. Transmission and Distribution projects include electric transmission and distribution lines, substations, and related infrastructure, as well as maintenance and emergency restoration work.