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

Montrose Environmental Group (NYSE:MEG) is anticipated 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 interested in registering for the company’s conference call can do so using this link.

Montrose Environmental Group Stock Performance

Shares of Montrose Environmental Group stock opened at $17.94 on Tuesday. Montrose Environmental Group has a one year low of $15.21 and a one year high of $49.97. The company has a market cap of $615.39 million, a price-to-earnings ratio of -12.04 and a beta of 1.71. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.93 and a current ratio of 1.93. The business’s 50 day moving average price is $19.83 and its 200 day moving average price is $23.34.

Wall Street Analysts Forecast Growth

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