Montrose Environmental Group (NYSE:MEG) Releases Quarterly Earnings Results, Misses Estimates By $0.43 EPS

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

Montrose Environmental Group Stock Performance

Shares of MEG stock remained flat at $17.35 during trading hours on Wednesday. The stock had a trading volume of 438,458 shares, compared to its average volume of 462,486. The stock has a market capitalization of $595.12 million, a P/E ratio of -11.64 and a beta of 1.71. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.60. Montrose Environmental Group has a fifty-two week low of $15.21 and a fifty-two week high of $49.97. The company’s fifty day simple moving average is $19.83 and its two-hundred day simple moving average is $23.24.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MEG. Bank of America cut 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. Evercore ISI decreased their price target on Montrose Environmental Group from $40.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Stifel Nicolaus lowered their price objective on shares of 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. reiterated 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $39.00 price target on shares of Montrose Environmental Group in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.