William Blair Has Optimistic Outlook of MEG Q3 Earnings

Montrose Environmental Group, Inc. (NYSE:MEG - Free Report) - Investment analysts at William Blair raised their Q3 2025 earnings estimates for Montrose Environmental Group in a research report issued to clients and investors on Tuesday, July 8th. William Blair analyst T. Mulrooney now expects that the company will earn $0.23 per share 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 increased their price objective on shares of Montrose Environmental Group from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Montrose Environmental Group has an average rating of "Moderate Buy" and an average price target of $31.80.

Montrose Environmental Group Stock Down 0.4%

MEG stock opened at $23.57 on Friday. 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 fifty-two week low of $10.51 and a fifty-two week high of $40.84. The firm's 50-day simple moving average is $20.64 and its 200 day simple moving average is $18.64. The stock has a market cap of $817.07 million, a PE ratio of -10.16, a price-to-earnings-growth ratio of 8.69 and a beta of 1.90.

Montrose Environmental Group declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 7th that authorizes the company to repurchase $40.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On Montrose Environmental Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Montrose Environmental Group by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,096 shares of the company's stock valued at $336,000 after buying an additional 636 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Montrose Environmental Group by 1.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 90,893 shares of the company's stock valued at $1,686,000 after buying an additional 1,108 shares in the last quarter. Walleye Capital LLC grew its position in Montrose Environmental Group by 2.3% in the 4th quarter. Walleye Capital LLC now owns 52,101 shares of the company's stock valued at $966,000 after buying an additional 1,173 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Montrose Environmental Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 265,529 shares of the company's stock valued at $4,926,000 after buying an additional 1,831 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Montrose Environmental Group by 4.3% in the 1st quarter. Rhumbline Advisers now owns 45,101 shares of the company's stock valued at $643,000 after buying an additional 1,875 shares in the last quarter. Institutional investors 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.

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