Montrose Environmental Group (NYSE:MEG) Issues Earnings Results

Montrose Environmental Group (NYSE:MEG) announced its earnings results on Wednesday. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.43), Zacks reports. Montrose Environmental Group had a negative net margin of 5.28% and a positive return on equity of 1.86%. Montrose Environmental Group updated its FY 2025 guidance to EPS.

Montrose Environmental Group Price Performance

MEG remained flat at $17.35 during trading hours on Wednesday. The company had a trading volume of 438,458 shares, compared to its average volume of 462,486. The firm has a market capitalization of $595.12 million, a PE ratio of -11.64 and a beta of 1.71. The stock has a 50 day simple moving average of $19.83 and a 200-day simple moving average of $23.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.93 and a current ratio of 1.93. Montrose Environmental Group has a 52-week low of $15.21 and a 52-week high of $49.97.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MEG. Needham & Company LLC reissued a “buy” rating and issued a $39.00 price target on shares of Montrose Environmental Group in a report on Tuesday, January 28th. Stifel Nicolaus reduced 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. restated a “neutral” rating and issued a $29.00 price target (down previously from $48.00) on shares of Montrose Environmental Group in a research note on Friday, November 8th. Evercore ISI cut their price target 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. Finally, Bank of America lowered shares of Montrose Environmental Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $52.00 to $29.00 in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Montrose Environmental Group has an average rating of “Moderate Buy” and an average target price of $33.60.

About Montrose Environmental Group

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.