Home Sectors Industrials Recent Fundamentals: MYR Group (NASDAQ: MYRG)

Recent Fundamentals: MYR Group (NASDAQ: MYRG)

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MYR Group is part of the engineering and construction industry and is in the industrials sector. The company CEO is Richard S. Swartz. MYR Group Inc provides specialty electrical construction services. It offers design, engineering, procurement, construction, upgrade, maintenance and repair services on transmission and distribution network.

Previous Intraday Trading Performance:

The MYRG stock showed a previous change of 1.33% with an open at 33.30 and a close of 33.61. It reached an intraday high of 33.87 and a low of 33.18.

SeekingAlpha:  MYR Group, Inc. (MYRG) CEO Rick Swartz on Q1 2019 Results – Earnings Call Transcript

Liquidity:

The stock has a market cap of $558.3m with 16.6m shares outstanding, of which the float is 15.7m shares. Trading volume reached 54,382 shares compared to its average volume of 57,866 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, MYR Group shares returned 0.33% and in the past 30 trading days it returned -6.79%. Over three months, it changed -10.01%. In one year it has changed -12.77% and within that year its 52-week high was 39.60 and its 52-week low was 26.24. MYRG stock is 28.09% above its 52 Week Low.

Our calculations show a 200 day moving average of 32.73 and a 50 day moving average of 34.63. Currently MYRG stock is trading 2.69% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  MYR Group, Inc. (MYRG) CEO Rick Swartz on Q1 2019 Results – Earnings Call Transcript

Earnings:

The last annual fiscal EPS for the company was reported at 1.87 that ended on 31st of December 2018, which according to the previous close, that is a PE of 17.97. Based on 4 analyst estimates, the consensus EPS for the next quarter is 0.39. The TTM EPS is 1.82, which comes to a TTM PE of 18.47. Historically, the PE high was 35.00 and the PE low was 10.70. If the stock reached its PE low, that would represent a price of 19.47, which is a decrease of -42.07%.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/01/2019): 0.44
4thQtr of 2018 (Reported on 03/06/2019): 0.64
3rdQtr of 2018 (Reported on 10/31/2018): 0.48
2ndQtr of 2018 (Reported on 08/01/2018): 0.41
1stQtr of 2018 (Reported on 05/02/2018): 0.34

Base on our calculations, the intrinsic value per share is 145.34, which means it is possibly undervalued and has a margin of safety of 76.88%.

Indicators to Watch:

The current calculated beta is 0.70.

SeekingAlpha:  Quanex Building Products +4% on mixed Q2 results; lowers FY19 revenue guidance

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 10.97%, return on assets is 4.92%, profit margin is 1.96%, price-to-sales is 0.33 and price-to-book is 1.67.

Company Scores:

All scores are out of six:
 5  :Valuation Score
 2  :Past Performance Score
 5  :Financial Strength Score
 2  :Future Growth Score
 0  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.