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Stock impact report

Is MYR Group Inc.'s (NASDAQ:MYRG) Stock's Recent Performance Being Led By Its Attractive Financial Prospects? [Yahoo! Finance]

MYR Group, Inc. (MYRG) 
Last myr group, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.myrgroup.com/investor-relations
Company Research Source: Yahoo! Finance
Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Particularly, we will be paying attention to MYR Group's ROE today. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. See our latest analysis for MYR Group How To Calculate Return On Equity? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for MYR Group is: 14% = US$91m ÷ US$651m (Based on the trailing twelve months to December 2023). The 'return' is the income the business earned over the last year. So, this means that for every $1 of its shareholder's investments, the company gene Show less Read more
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