William Blair Brokers Increase Earnings Estimates for MEG

Montrose Environmental Group, Inc. (NYSE:MEG - Free Report) - Equities researchers at William Blair upped their Q3 2025 EPS estimates for Montrose Environmental Group in a report issued on Tuesday, July 8th. William Blair analyst T. Mulrooney now anticipates that the company will post earnings per share of $0.23 for the quarter, up from their prior estimate of $0.21. The consensus estimate for Montrose Environmental Group's current full-year earnings is $0.13 per share. William Blair also issued estimates for Montrose Environmental Group's FY2025 earnings at $0.50 EPS.

Separately, Needham & Company LLC lifted their price target on shares of Montrose Environmental Group from $28.00 to $30.00 and gave the company a "buy" rating in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $31.80.

Montrose Environmental Group Trading Up 0.0%

Shares of MEG traded up $0.01 during mid-day trading on Friday, reaching $23.00. The company had a trading volume of 184,858 shares, compared to its average volume of 481,770. The stock has a market cap of $797.18 million, a price-to-earnings ratio of -9.91, a price-to-earnings-growth ratio of 8.07 and a beta of 1.90. The firm has a fifty day simple moving average of $20.79 and a 200-day simple moving average of $18.70. Montrose Environmental Group has a fifty-two week low of $10.51 and a fifty-two week high of $40.84. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.58.

Montrose Environmental Group announced that its board has initiated a stock buyback program on Wednesday, May 7th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the company to buy up to 7.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Montrose Environmental Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in shares of Montrose Environmental Group by 4.3% during the 1st quarter. Rhumbline Advisers now owns 45,101 shares of the company's stock valued at $643,000 after acquiring an additional 1,875 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Montrose Environmental Group by 156.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 44,608 shares of the company's stock worth $636,000 after buying an additional 27,237 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Montrose Environmental Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 265,529 shares of the company's stock worth $4,926,000 after buying an additional 1,831 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Montrose Environmental Group by 23.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,023 shares of the company's stock worth $271,000 after buying an additional 3,598 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Montrose Environmental Group during the 4th quarter worth $130,000. Institutional investors and hedge funds own 87.87% of the company's stock.

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.