MYR Group (MYRG) Declined On Delayed Utility Transmission & Distribution Projects [Yahoo! Finance]
MYR Group, Inc. (MYRG)
Last myr group, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations:
investor.myrgroup.com/investor-relations
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Source: Yahoo! Finance
The problematic projects are expected to be completed by year-end, and despite the current issues, MYR's backlog increased at a healthy pace. The fund returned 6.50% (gross) and 6.24% (net), compared to an 8.41% return for the Russell 2000 Growth Index. The decline was due to a -25% price retrenchment caused by lower-than-anticipated fiscal quarterly revenues and earnings, driven by a handful of delayed utility transmission & distribution projects. TimesSquare Capital Management added to its position in MYR Group Inc. (MYRG) on its weakness, looking past its problem projects and focusing on its healthy backlog growth. TimesSquare Capital Management , an equity investment management company, released its “U.S. Small Cap Growth Strategy” third-quarter 2024 investor letter. A copy of the letter can be downloaded here . In the quarter the fund returned 6.50% (gross) and 6.24% (net), compared to an 8.41% return for the Russell 2000 Growth Index. Global markets performed fairly in
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MYRG
News
- MYR Group Inc. (NASDAQ: MYRG) had its price target raised by analysts at Stifel Nicolaus from $153.00 to $172.00. They now have a "buy" rating on the stock.MarketBeat
- Is There Now An Opportunity In MYR Group Inc. (NASDAQ:MYRG)? [Yahoo! Finance]Yahoo! Finance
- MYR Group Inc. to Attend Goldman Sachs Energy, CleanTech & Utilities Conference in JanuaryGlobeNewswire
- MYR Group Inc. to Participate in Oppenheimer Midwest Virtual Summit Investor Conference in DecemberGlobeNewswire
- MYR Group Inc. to Attend Janney Annual Clean Energy Investment Symposium Investor Conference in DecemberGlobeNewswire
MYRG
Earnings
- 10/30/24 - Beat
MYRG
Sec Filings
- 11/8/24 - Form SC
- 11/6/24 - Form 8-K
- 10/30/24 - Form 10-Q
- MYRG's page on the SEC website