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

Montrose Environmental Group (NYSE:MEG) is expected to be posting its quarterly earnings results after the market closes on Thursday, March 6th. Analysts expect Montrose Environmental Group to post earnings of ($0.09) per share and revenue of $187.64 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Montrose Environmental Group Trading Down 6.5 %

NYSE MEG opened at $18.57 on Wednesday. The firm has a market capitalization of $636.94 million, a P/E ratio of -12.46 and a beta of 1.71. The business has a fifty day simple moving average of $20.12 and a 200 day simple moving average of $22.78. Montrose Environmental Group has a 12 month low of $15.21 and a 12 month high of $49.97. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.60.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Stifel Nicolaus lowered their price target on Montrose Environmental Group from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. Bank of America downgraded Montrose Environmental Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $52.00 to $29.00 in a research note on Wednesday, November 6th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $29.00 price objective (down previously from $48.00) on shares of Montrose Environmental Group in a research note on Friday, November 8th. Evercore ISI reduced their price objective on Montrose Environmental Group from $40.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $39.00 price objective on shares of Montrose Environmental Group in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.