Stock Market Watch

MYR Group Inc.- Earnings worse than the estimates

by ·




MYR Group Inc. (NASDAQ:MYRG). Last Market Price: 18.78, Change: -0.32, % Change: (-1.68%). Shares trade in the range of 17.49 – 19.02 dollars. It has a market capitalization of 383.13M dollars, making it a Small Cap Stock and has 20.40M outstanding shares. The company has a beta of 0.91, indicating, the stock to be less volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 0.87; P/E of 21.53 indicating, the stock to be overvalued or expected increase in company earnings. It operates in Capital Goods sector and belongs to Construction Services industry. Percentage shares held by institutional investors is 93%. The company has a 52 week Price range (low – high) of $ 13.75 – 26.54. Average volumes of shares traded daily are 92,329. Volume traded in the last session was at 155,798, 1.69 times the average volume.

  • Reports Q3 (Sep)
    • EPS of $0.20, worse than the estimates
    • Revenues rose 37.8% year on year to $210.5 million

For Q2 (Jun ’11), It had a Net profit margin of 2.01%, an Operating margin of 3.23%. Other Key stats and ratios are : Return on average assets of 4.02%, Return on average equity of 7.44%. The organization has an employee strength of 2,800.

Consensus Recommendation is a Buy.


Estimate for sales for the Quarter Ending Dec-11 show a mean of 197.88 million dollars, an estimate high of 222.65 million dollars and an estimate low of 183.66 million dollars. A year ago the figures stood at 177.57 million dollars.

Estimate for sales for the Quarter Ending Mar-12 show a mean of 191.33 million dollars, an estimate high of 230.70 million dollars and an estimate low of 169.00 million dollars. A year ago the figures stood at 153.50 million dollars.

Estimate for EPS for the Quarter Ending Dec-11 show a mean of 0.30 dollars, an estimate high of 0.33 dollars and an estimate low of 0.25 dollars. A year ago the figures stood at 0.29 dollars.

Estimate for EPS for the Quarter Ending Mar-12 show a mean of 0.28 dollars, an estimate high of 0.35 dollars and an estimate low of 0.24 dollars. A year ago the figures stood at 0.15 dollars.

Sales for Quarter Ending Jun-11 was estimated at 159.36 million dollars, however the actual sales figure stood at 185.31 million dollars, 25.95 million dollars more than estimates.

Sales for Quarter Ending Mar-11 was estimated at 151.44 million dollars, however the actual sales figure stood at 150.29 million dollars, 1.15 million dollars less than estimates.

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


Tags:

Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

You may also like...