Montrose Environmental Group (MEG) Expected to Announce Quarterly Earnings on Thursday

Montrose Environmental Group (NYSE:MEG) is anticipated to announce its earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $187.64 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Montrose Environmental Group Price Performance

Montrose Environmental Group stock opened at $18.57 on Wednesday. The stock has a market capitalization of $636.94 million, a price-to-earnings ratio of -12.46 and a beta of 1.71. Montrose Environmental Group has a 52-week low of $15.21 and a 52-week high of $49.97. The stock’s 50 day moving average price is $20.12 and its two-hundred day moving average price is $22.78. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.93 and a current ratio of 1.93.

Analyst Ratings Changes

A number of research firms have issued reports on MEG. JPMorgan Chase & Co. restated a “neutral” rating and set a $29.00 price target (down from $48.00) on shares of Montrose Environmental Group in a report on Friday, November 8th. Evercore ISI cut their price target on Montrose Environmental Group from $40.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Bank of America cut Montrose Environmental Group from a “buy” rating to a “neutral” rating and cut their price target for the stock 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 price target on shares of Montrose Environmental Group in a report on Tuesday. Finally, Stifel Nicolaus cut their price target on Montrose Environmental Group from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Montrose Environmental Group currently has an average rating of “Moderate Buy” and a consensus 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.