Montrose Environmental Group (MEG) Projected to Post Earnings on Wednesday

Montrose Environmental Group (NYSE:MEG) is projected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Montrose Environmental Group to post earnings of ($0.09) per share and revenue of $187.64 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Montrose Environmental Group Stock Performance

Shares of MEG stock opened at $17.72 on Monday. Montrose Environmental Group has a 12 month low of $15.21 and a 12 month high of $49.97. The stock has a market cap of $607.81 million, a PE ratio of -11.89 and a beta of 1.71. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average price is $19.84 and its 200-day moving average price is $23.44.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MEG shares. Bank of America cut shares of Montrose Environmental Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $52.00 to $29.00 in a report on Wednesday, November 6th. Needham & Company LLC restated a “buy” rating and set a $39.00 target price on shares of Montrose Environmental Group in a report on Tuesday, January 28th. JPMorgan Chase & Co. restated a “neutral” rating and set a $29.00 target price (down previously from $48.00) on shares of Montrose Environmental Group in a report on Friday, November 8th. Stifel Nicolaus dropped their target price on shares of Montrose Environmental Group from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Finally, Evercore ISI dropped their target price on shares of Montrose Environmental Group from $40.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.60.

Montrose Environmental Group Company Profile

Montrose Environmental Group, Inc operates as an environmental services company in the United States, Canada, and internationally. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments; environmental emergency response and recovery; toxicology consulting and environmental audits and permits for current operations; facility upgrades; new projects; decommissioning projects; and development projects.