Montrose Environmental Group (MEG) Scheduled to Post Quarterly Earnings on Wednesday

Montrose Environmental Group (NYSE:MEG) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Montrose Environmental Group to post earnings of $0.35 per share for the quarter. Montrose Environmental Group has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Montrose Environmental Group (NYSE:MEG) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.15). Montrose Environmental Group had a positive return on equity of 0.22% and a negative net margin of 4.91%. The firm had revenue of $173.33 million for the quarter, compared to analyst estimates of $174.59 million. On average, analysts expect Montrose Environmental Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Montrose Environmental Group Price Performance

Shares of NYSE:MEG opened at $27.00 on Wednesday. Montrose Environmental Group has a 1-year low of $19.59 and a 1-year high of $49.97. The firm has a market capitalization of $920.19 million, a PE ratio of -18.24 and a beta of 1.87. The business’s 50 day moving average is $27.68 and its 200-day moving average is $36.25. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.46.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MEG shares. Evercore ISI set a $43.00 price objective on Montrose Environmental Group in a report on Thursday, October 17th. Needham & Company LLC reissued a “buy” rating and set a $54.00 price objective on shares of Montrose Environmental Group in a report on Wednesday, October 16th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $45.60.

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.