Montrose Environmental Group, Inc. (NYSE:MEG - Free Report) - Investment analysts at William Blair lowered their Q2 2025 earnings per share (EPS) estimates for shares of Montrose Environmental Group in a research report issued on Tuesday, July 8th. William Blair analyst T. Mulrooney now anticipates that the company will earn $0.18 per share for the quarter, down from their previous forecast 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 upped their price objective on shares of Montrose Environmental Group from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $31.80.
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Montrose Environmental Group Stock Performance
Shares of Montrose Environmental Group stock traded down $0.09 during midday trading on Thursday, hitting $23.57. The company had a trading volume of 279,421 shares, compared to its average volume of 549,235. The company has a fifty day simple moving average of $20.46 and a 200 day simple moving average of $18.59. The stock has a market cap of $817.07 million, a price-to-earnings ratio of -10.16, a PEG ratio of 8.69 and a beta of 1.90. 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 12-month low of $10.51 and a 12-month high of $40.84.
Institutional Investors Weigh In On Montrose Environmental Group
Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Montrose Environmental Group by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,096 shares of the company's stock worth $336,000 after acquiring an additional 636 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Montrose Environmental Group by 1.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 90,893 shares of the company's stock worth $1,686,000 after purchasing an additional 1,108 shares during the last quarter. Walleye Capital LLC raised its position in shares of 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 purchasing an additional 1,173 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 purchasing an additional 1,831 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Montrose Environmental Group by 4.3% during the first quarter. Rhumbline Advisers now owns 45,101 shares of the company's stock worth $643,000 after buying an additional 1,875 shares in the last quarter. 87.87% of the stock is currently owned by hedge funds and other institutional investors.
Montrose Environmental Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 7th that authorizes the company to repurchase $40.00 million in shares. This repurchase authorization authorizes the company to buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.
About Montrose Environmental Group
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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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