NasdaqGS:MYRGConstruction
MYR Group (MYRG) Stock Jumps As Record Margins Meet Rich Valuation
MYR Group stock shook off a weak recent run and jumped about 3% today, even as many investors still view it as expensive on a trailing P/E near 31x. The move comes after the company posted another quarter of record construction earnings with Q2 revenue around US$1.08b and net income near US$50m, both supported by higher margins.
The real tug of war is between emotion and math. Short term performance over the past month has been soft, yet the latest 12 month net margin of 4.1% versus 2.2% a...