What is William Blair's Estimate for MEG Q2 Earnings?

Montrose Environmental Group, Inc. (NYSE:MEG - Free Report) - Research analysts at William Blair dropped their Q2 2025 earnings per share estimates for Montrose Environmental Group in a research report issued on Tuesday, July 8th. William Blair analyst T. Mulrooney now anticipates that the company will post earnings of $0.18 per share for the quarter, down from their previous estimate of $0.19. 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 Q4 2025 earnings at $0.25 EPS, Q2 2026 earnings at $0.23 EPS, Q3 2026 earnings at $0.27 EPS, Q4 2026 earnings at $0.29 EPS and FY2026 earnings at $0.89 EPS.

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

Montrose Environmental Group Trading Down 1.7%

Shares of NYSE:MEG traded down $0.41 during midday trading on Thursday, hitting $23.16. 79,049 shares of the stock were exchanged, compared to its average volume of 547,384. The business's 50-day moving average price is $20.64 and its 200 day moving average price is $18.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market capitalization of $802.73 million, a price-to-earnings ratio of -9.99, a P/E/G ratio of 8.69 and a beta of 1.90. Montrose Environmental Group has a 12 month low of $10.51 and a 12 month high of $40.84.

Hedge Funds Weigh In On Montrose Environmental Group

Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its stake in Montrose Environmental Group by 4.3% in the first quarter. Rhumbline Advisers now owns 45,101 shares of the company's stock valued at $643,000 after buying an additional 1,875 shares during the period. Janney Montgomery Scott LLC lifted its stake in Montrose Environmental Group by 156.8% in the first quarter. Janney Montgomery Scott LLC now owns 44,608 shares of the company's stock valued at $636,000 after buying an additional 27,237 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Montrose Environmental Group by 0.7% in the fourth 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 during the period. KLP Kapitalforvaltning AS acquired a new position in Montrose Environmental Group in the fourth quarter valued at approximately $130,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in Montrose Environmental Group by 23.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 19,023 shares of the company's stock valued at $271,000 after buying an additional 3,598 shares during the period. 87.87% of the stock is owned by institutional investors and hedge funds.

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

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.