MYR Group Stock: Gains vs. Quality Concerns
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
MYR Groups stock has surged by 283% since April 2021, outpacing the S&P 500s 57.8% gain. However, the companys backlog growth has been sluggish at 5.4% year over year, and its gross margins average only 10.8% over five years, indicating weak pricing power. Return on invested capital is also declining, raising concerns about future growth prospects. With shares trading at 29 times forward earnings, investors may find better opportunities elsewhere.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/56e1430496126a9d