Montrose Environmental Group (MEG) to Release 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

Montrose Environmental Group (NYSE:MEG) last released its earnings results on Tuesday, August 6th. The company reported ($0.12) EPS 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 during 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 Stock Up 1.9 %

Shares of Montrose Environmental Group stock opened at $26.21 on Tuesday. Montrose Environmental Group has a 52-week low of $19.59 and a 52-week high of $49.97. The company’s 50-day simple moving average is $27.15 and its 200-day simple moving average is $35.84. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.46.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MEG shares. Evercore ISI set a $43.00 target price on Montrose Environmental Group in a research note on Thursday, October 17th. Needham & Company LLC reaffirmed 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, According to data from MarketBeat, Montrose Environmental Group has a consensus rating of “Buy” and a consensus price target 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.