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

Montrose Environmental Group (NYSE:MEG) is expected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect Montrose Environmental Group to post earnings of ($0.09) per share and revenue of $187.64 million for the quarter.

Montrose Environmental Group Stock Performance

MEG opened at $18.06 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a market capitalization of $619.29 million, a price-to-earnings ratio of -12.12 and a beta of 1.71. The company has a fifty day moving average of $19.81 and a 200 day moving average of $23.59. Montrose Environmental Group has a fifty-two week low of $15.21 and a fifty-two week high of $49.97.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MEG. Bank of America lowered Montrose Environmental Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $52.00 to $29.00 in a research 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, January 28th. Stifel Nicolaus decreased their price objective 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. Evercore ISI lowered their target price on Montrose Environmental Group from $40.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $29.00 price target (down previously from $48.00) on shares of Montrose Environmental Group in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.