Montrose Environmental Group (NYSE:MEG – Get Rating) will report results after the market close on Tuesday, November 8. Analysts expect the company to report earnings per share ($0.20) for the quarter. Individuals wishing to listen to the company’s earnings conference call can do so using this link.
Montrose Environmental Group (NYSE:MEG – Get Rating) last reported results on Monday, August 8th. The company reported his earnings per share ($0.33) for the quarter, but he missed analyst consensus expectations ($0.12) by $0.21. Montrose Environmental Group had a net profit margin of 2.64% and a return on equity of 3.49%. The company posted revenue of $139.91 million for the quarter, compared to consensus expectations of $137.92 million. On average, analysts expect Montrose Environmental Group to see EPS of -$1 this year and $0 next year.
Montrose Environmental Group up 1.5%
MEG shares climbed $0.65 during Tuesday’s trading hours to reach $44.43. The company traded 108 shares, compared to an average trading volume of 115,697 shares. His 50-day simple moving average for this business is $39.22 and his 200-day simple moving average is $39.51. The Montrose Environmental Group has a 12-month low of $28.36 and a 12-month high of $80.42. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt to equity ratio of 0.53.
Analyst upgrades and downgrades
Many research firms publish reports on MEG. Morgan Stanley has lowered its target price on Montrose Environmental Group from his $56.00 to his $51.00, giving the company an “equal-weighted” rating in a research report on Friday, July 15. Capital One Financial reissued its ‘Overweight’ rating on Montrose Environmental Group stock in a research note on Thursday, Aug. 11. Two analysts rated the stock with a hold rating and three assigned a buy rating to the stock. According to MarketBeat.com, the current consensus rating for the stock is “moderate buy” with an average price target of $51.30.
institution inflow and outflow
Hedge funds have recently increased or decreased their stakes in businesses. Captrust Financial Advisors purchased new shares in Montrose Environmental Group worth approximately $29,000 in the first quarter. Point72 Hong Kong Ltd bought his new position in Montrose Environmental Group in the second quarter for $57,000. HighTower Advisors LLC purchased new stock in Montrose Environmental Group worth approximately $311,000 in the first quarter. Legal & General Group Plc increased its position in Montrose Environmental Group shares by 5.7% in the second quarter. Legal & General Group Plc now owns 9,268 shares of the company worth $313,000 after purchasing an additional 501 of his shares last quarter. Finally, Vident Investment Advisory LLC increased its position in the stock of Montrose Environmental Group by 13.3% in the first quarter. Vident Investment Advisory LLC now owns 6,874 of his shares worth $364,000 after purchasing an additional 806 shares in the previous quarter.
About Montrose Environmental Group
Montrose Environmental Group, Inc operates as an environmental services company in the United States. The company operates in three segments: assessment, permitting and response. measurement and analysis; restoration and reuse. The Assessment, Permitting & Response segment provides scientific advisory and consulting services for environmental assessments, environmental emergency response and recovery, toxicology consulting, environmental audits, and ongoing operations, facility upgrades, new projects, Supports obsolete projects, and permission for development projects.
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