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

Montrose Environmental Group (NYSE:MEG - Get Free Report) is scheduled to post its quarterly earnings results 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 interested in registering for the company's earnings conference call can do so using this link.

Montrose Environmental Group (NYSE:MEG - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.15). The firm had revenue of $173.33 million during the quarter, compared to analyst estimates of $174.59 million. Montrose Environmental Group had a negative net margin of 4.91% and a positive return on equity of 0.22%. 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 Trading Up 2.4 %

NYSE MEG traded up $0.65 during trading hours on Wednesday, reaching $27.65. The company's stock had a trading volume of 327,293 shares, compared to its average volume of 376,164. Montrose Environmental Group has a 52 week low of $19.59 and a 52 week high of $49.97. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market cap of $942.34 million, a P/E ratio of -18.24 and a beta of 1.87. The firm has a fifty day simple moving average of $27.68 and a 200-day simple moving average of $36.25.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Evercore ISI set a $43.00 price target on shares of Montrose Environmental Group in a report on Thursday, October 17th. Needham & Company LLC reissued a "buy" rating and issued a $54.00 price target on shares of Montrose Environmental Group in a research note on Wednesday, October 16th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $45.60.

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.