William Blair Issues Pessimistic Estimate for MEG Earnings

Montrose Environmental Group, Inc. (NYSE:MEG - Free Report) - Stock analysts at William Blair dropped their Q2 2025 EPS estimates for Montrose Environmental Group in a note issued to investors on Tuesday, July 8th. William Blair analyst T. Mulrooney now forecasts that the company will earn $0.18 per share for the quarter, down from their prior 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 increased 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 report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Montrose Environmental Group currently has an average rating of "Moderate Buy" and an average target price of $31.80.

Montrose Environmental Group Stock Down 2.1%

MEG stock traded down $0.51 on Thursday, reaching $23.07. 213,785 shares of the company traded hands, compared to its average volume of 548,763. The firm has a fifty day simple moving average of $20.79 and a 200-day simple moving average of $18.70. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market cap of $799.43 million, a P/E ratio of -9.94, a price-to-earnings-growth ratio of 8.07 and a beta of 1.90. Montrose Environmental Group has a one year low of $10.51 and a one year high of $40.84.

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

Institutional Investors Weigh In On Montrose Environmental Group

Several institutional investors have recently modified their holdings of MEG. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Montrose Environmental Group by 4.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,378,212 shares of the company's stock valued at $33,913,000 after acquiring an additional 97,035 shares during the period. Bamco Inc. NY lifted its position in Montrose Environmental Group by 84.5% during the fourth quarter. Bamco Inc. NY now owns 2,292,630 shares of the company's stock valued at $42,528,000 after purchasing an additional 1,050,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Montrose Environmental Group by 3.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,281,177 shares of the company's stock worth $42,316,000 after purchasing an additional 67,280 shares during the last quarter. Bank of America Corp DE grew its position in Montrose Environmental Group by 42.2% in the 4th quarter. Bank of America Corp DE now owns 1,819,010 shares of the company's stock worth $33,743,000 after purchasing an additional 539,779 shares during the period. Finally, Vanguard Group Inc. raised its stake in Montrose Environmental Group by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,802,551 shares of the company's stock valued at $33,437,000 after buying an additional 11,211 shares during the last quarter. 87.87% of the stock is owned by hedge funds and other institutional investors.

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.