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

Key Points

• Montrose Environmental Group is expected to announce its Q2 2025 earnings on August 6th, with analysts predicting earnings of $0.24 per share and revenue of $188.26 million.
• The company's Board has authorized a $40 million share buyback program, indicating a belief that its shares are undervalued.
• Needham & Company raised their target price for MEG from $28.00 to $30.00 and issued a "buy" rating, highlighting positive forecasts from analysts.

Montrose Environmental Group (NYSE:MEG - Get Free Report) will likely be releasing its Q2 2025 earnings data after the market closes on Wednesday, August 6th. Analysts expect Montrose Environmental Group to post earnings of $0.24 per share and revenue of $188.26 million for the quarter.

Montrose Environmental Group Price Performance

NYSE:MEG traded down $2.19 during midday trading on Friday, hitting $20.50. The company had a trading volume of 318,458 shares, compared to its average volume of 461,986. The stock's fifty day moving average price is $22.01 and its 200-day moving average price is $18.98. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.58. Montrose Environmental Group has a 52-week low of $10.51 and a 52-week high of $34.56. The company has a market capitalization of $710.53 million, a PE ratio of -8.84, a P/E/G ratio of 7.80 and a beta of 1.90.

Montrose Environmental Group announced that its board has initiated a stock repurchase plan on Wednesday, May 7th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the company to repurchase up to 7.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On Montrose Environmental Group

A hedge fund recently raised its stake in Montrose Environmental Group stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Montrose Environmental Group, Inc. (NYSE:MEG - Free Report) by 4.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,876 shares of the company's stock after purchasing an additional 780 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of Montrose Environmental Group worth $269,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 87.87% of the company's stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC upped their price objective on shares of Montrose Environmental Group from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $31.80.

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.