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D.A. Davidson Sees Lower Earnings For MYR Group

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In a report published Thursday, D.A. Davidson analyst John B. Rogers reiterated a Neutral rating and $27.00 price target on MYR Group (NASDAQ: MYRG).

In the report, D.A. Davidson noted, “Reported earnings of $0.36 per share for the second quarter declined from $0.44 last year and were below our estimate of $0.48 and consensus of $0.41. All of the decline and shortfall relative to our expectations was due to lower contributions from the T&D segment, which offset gains in C&I.”

MYR Group closed on Wednesday at $25.78.

Latest Ratings for MYRG

DateFirmActionFromTo
Sep 2019UpgradesNeutralOutperform
Aug 2019MaintainsNeutral
May 2019UpgradesHoldBuy

View More Analyst Ratings for MYRG
View the Latest Analyst Ratings

Posted-In: D.A. Davidson John B. RogersAnalyst Color Reiteration Analyst Ratings

 

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