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Montrose Environmental Group, Inc. (MEG)

NYSE: MEG · IEX Real-Time Price · USD
67.00 3.44 (5.41%)
Sep 24, 2021 4:00 PM EDT - Market closed
Market Cap1.76B
Revenue (ttm)463.49M
Net Income (ttm)-102.06M
Shares Out26.20M
EPS (ttm)-4.18
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume445,599
Open63.12
Previous Close63.56
Day's Range62.76 - 67.98
52-Week Range21.98 - 67.98
Betan/a
AnalystsBuy
Price Target58.83 (-12.2%)
Est. Earnings DateNov 11, 2021

About MEG

Montrose Environmental Group, Inc. operates as an environmental services company in the United States. 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...

IndustryMedia (discontinued effective close of September 28, 2018)
IPO DateJul 23, 2020
Employees2,000
Stock ExchangeNYSE
Ticker SymbolMEG
Full Company Profile

Financial Performance

In 2020, MEG's revenue was $328.24 million, an increase of 40.36% compared to the previous year's $233.85 million. Losses were -$57.95 million, 146.0% more than in 2019.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for MEG stock is "Buy." The 12-month stock price forecast is 58.83, which is a decrease of -12.19% from the latest price.

Price Target
$58.83
(-12.19% downside)
Analyst Consensus: Buy

News

Montrose Environmental (MEG) Reports Q2 Loss, Tops Revenue Estimates

Montrose Environmental (MEG) delivered earnings and revenue surprises of -244.44% and 14.52%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Montrose Environmental Group Announces Second Quarter 2021 Results

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the second quarter ended June 30, 2021. Second Quarter...

1 month ago - Business Wire

Montrose Environmental Group Publishes Inaugural ESG Report

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose”) (NYSE:MEG) recently released its inaugural Environmental, Social, Governance (“ESG”) Report. “At Montro...

1 month ago - Business Wire

Montrose Environmental Acquires Software Company SensibleIoT For Undisclosed Sum

Montrose Environmental Group Inc (NYSE: MEG) has acquired SensibleIoT, LLC, an IoT and software platform that interfaces with multiple air, water, and soil data sources to provide an integrated environm...

1 month ago - Benzinga

Montrose Environmental Group Acquires Software Company Specializing in the Quantifying, Reporting and Visualizing of ...

LITTLE ROCK, Ark. & PASO ROBLES, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose”) (NYSE: MEG) today announced the acquisition of SensibleIoT, LLC (“Sensible”), an IoT (“Internet ...

1 month ago - Business Wire

Montrose Environmental Group Announces Relocation of Principal Executive Offices to Little Rock, Arkansas

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose”) (NYSE: MEG) today announced the relocation of its principal executive office from Irvine, California to North Little R...

1 month ago - Business Wire

Analysts Estimate Montrose Environmental (MEG) to Report a Decline in Earnings: What to Look Out for

Montrose Environmental (MEG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Montrose Environmental Group Announces Timing of Second Quarter 2021 Results

IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that it will issue its second quarter 2021 earnings release on Tuesda...

1 month ago - Business Wire

Montrose Environmental Subsidiary Bags Five-Year Contract Renewal For $43M

Montrose Environmental Group Inc (NYSE: MEG) subsidiary Emerging Compounds Treatment Technologies ('ECT2') has renewed its contract for five years with the Australian Department of Defense to operate an...

2 months ago - Benzinga

Montrose Environmental Group's ECT2 Subsidiary Announces Five-Year Contract Renewal with Australian Department of Def...

IRVINE, Calif. & CANBERRA, Australia--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (NYSE: MEG) today announced that its subsidiary, Emerging Compounds Treatment Technologies, Inc. (“ECT2”), has r...

2 months ago - Business Wire

Montrose Environmental Group Acquires Environmental Intelligence, LLC

IRVINE, Calif. & LAGUNA BEACH, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company” or “Montrose”) (NYSE: MEG) today announced the acquisition of Environmental Intelligence, LLC (“...

2 months ago - Business Wire

Montrose Environmental Group Acquires Vista Analytical Laboratory

IRVINE, Calif. & EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company” or “Montrose”) (NYSE: MEG) today announced the acquisition of Vista Analytical Laboratory (“V...

3 months ago - Business Wire

Montrose Environmental Group to Attend Upcoming Investor Conferences

IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that the Company will attend the following virtual investor conferenc...

4 months ago - Business Wire

Montrose Environmental Group Announces First Quarter 2021 Results

IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the first quarter ended March 31, 2021. First Quarter 202...

4 months ago - Business Wire

3 Business Service Stocks Set to Beat Q1 Earnings Estimates

Here we pick three business service stocks, Clear Channel (CCO), Montrose (MEG) and Ritchie Bros. (RBA), which are likely to pull off an earnings surprise this season.

Other symbols:CCORBA
4 months ago - Zacks Investment Research

Montrose Environmental Group Announces New Sustainability-Linked Credit Facility

IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that the Company has entered into a new sustainability-linked credit ...

4 months ago - Business Wire

Montrose Environmental Group Announces Timing of First Quarter 2021 Results

IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that it will issue its first quarter 2021 earnings release on Wednesd...

4 months ago - Business Wire

Montrose Environmental Group Announces Strong Fourth Quarter and Full Year 2020 Results

IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the fourth quarter and full year ended December 31, 2020 ...

6 months ago - Business Wire

Montrose Environmental Group Announces Timing of Fourth Quarter and Full Year 2020 Results

IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that it will issue its fourth quarter and full year 2020 earnings rel...

6 months ago - Business Wire

Howard Marks' Oaktree Invests in Americold, Sells Montrose

Oaktree Capital Management recently disclosed its portfolio updates for the fourth quarter of 2020, which ended on Dec. 31.

Other symbols:COLD
7 months ago - GuruFocus

7 Stocks To Buy As The Biden Presidency Begins

A number of different sectors could benefit from the new administration in Washington. Here are seven President Biden stocks to buy.

Other symbols:BATTCNHIGMPSISIMSURI
8 months ago - InvestorPlace

Montrose Environmental Group to Attend 23rd Annual Needham Growth Conference

IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that the Company will attend the 23rd Annual Needham Growth Conferenc...

8 months ago - Business Wire

Montrose Environmental Group Acquires MSE Group

IRVINE, Calif. & ORLANDO, Fla.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced the acquisition of MSE Group (“MSE”), a leading provi...

8 months ago - Business Wire

Montrose (MEG) in Focus: Stock Moves 8.7% Higher

Montrose (MEG) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.

9 months ago - Zacks Investment Research

Montrose Environmental: A Rapidly Growing Small Cap To Capitalize On The Growing ESG Trend

Montrose's mission is to help clients and communities meet their environmental and sustainability goals and needs. Montrose's revenues have grown by a CAGR of 28% over the past 5 years, while EBITDA has...

9 months ago - Seeking Alpha