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Montrose Environmental Group (MEG)
NYSE:MEG
RESEARCH TOOLSreports
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MEG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$15.21 - $49.97
Previous Close$18.55
Volume607.93K
Average Volume (3M)688.26K
Market Cap
$636.28M
Enterprise Value$929.84M
Total Cash (Recent Filing)$13.04M
Total Debt (Recent Filing)$306.61M
Price to Earnings (P/E)―
Beta1.36
Next Earnings
Feb 26, 2025EPS Estimate
-$0.15Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.49
Shares Outstanding34,300,748
10 Day Avg. Volume581,951
30 Day Avg. Volume688,257
Standard Deviation0.18
R-Squared0.21
Alpha-0.00952
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)1.41
Price to Sales (P/S)1.34
Price to Cash Flow (P/CF)19.80
P/FCF Ratio14.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.38
Enterprise Value/Gross Profit3.87
Enterprise Value/Ebitda23.75
Forecast
1Y Price Target
$35.60Price Target Upside91.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Montrose Environmental Group News
PremiumCompany Announcements
Montrose Environmental Group Inc. Reports Record 2024 Results
PremiumCompany Announcements
Montrose Environmental Group Reports Record Q3 2024 Results
Bulls Say, Bears Say
Bulls Say
Contract AwardsThe U.S. Army Corps of Engineers selected Montrose Environmental Group for a $249MM, five-year contract, highlighting MEG's expertise in environmental solutions and remediation plans.
Financial StrategyManagement's plan to temporarily pause M&A and redeem A-2 preferred stock is expected to provide a clearer view of the company’s organic growth and financial strength.
Growth ProspectsMEG is named as the top pick for 2025 with growth prospects intact.
Bears Say
Financial PerformanceTotal company revenues of $179M came in below expectations.
Market PerformanceMEG shares have significantly underperformed the peer group and the broader market since the Supreme Court's Loper Bright ruling.
Regulatory UncertaintyThe overturning of the Chevron Doctrine legal precedent is likely to lead to more legal challenges to existing regulations, adding uncertainty for Montrose Environmental Group.
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Ownership Overview
2.79% Insiders
26.48% Mutual Funds
32.47% Other Institutional Investors
24.45% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MEG FAQ
What was Montrose Environmental Group’s price range in the past 12 months?
Montrose Environmental Group lowest stock price was $15.21 and its highest was $49.97 in the past 12 months.
What is Montrose Environmental Group’s market cap?
Currently, no data Available
When is Montrose Environmental Group’s upcoming earnings report date?
Montrose Environmental Group’s upcoming earnings report date is Feb 26, 2025 which is in 54 days.
How were Montrose Environmental Group’s earnings last quarter?
Montrose Environmental Group released its earnings results on Nov 06, 2024. The company reported -$0.39 earnings per share for the quarter, missing the consensus estimate of -$0.082 by -$0.308.
Is Montrose Environmental Group overvalued?
According to Wall Street analysts Montrose Environmental Group’s price is currently Undervalued.
Does Montrose Environmental Group pay dividends?
Montrose Environmental Group does not currently pay dividends.
What is Montrose Environmental Group’s EPS estimate?
Montrose Environmental Group’s EPS estimate is -$0.15.
How many shares outstanding does Montrose Environmental Group have?
Montrose Environmental Group has 34,300,747 shares outstanding.
What happened to Montrose Environmental Group’s price movement after its last earnings report?
Montrose Environmental Group reported an EPS of -$0.39 in its last earnings report, missing expectations of -$0.082. Following the earnings report the stock price went down -2.952%.
Which hedge fund is a major shareholder of Montrose Environmental Group?
Among the largest hedge funds holding Montrose Environmental Group’s share is Royce & Associates LLC. It holds Montrose Environmental Group’s shares valued at 9M.
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Montrose Environmental Group Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$35.60 (91.91% Upside)
$35.60 (91.91% Upside)
Hedge Fund Trend
Decreased
By 1.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▲ 3.8%
Last 30 Days ▼ 5.8%
Last 30 Days ▼ 5.8%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-42.26%
12-Months-Change
Fundamentals
Return on Equity
-7.04%
Trailing 12-Months
Asset Growth
20.43%
Trailing 12-Months
Company Description
Montrose Environmental Group
Media General Inc was incorporated as Legacy Media General in Virginia and became a public company in 1969. The Company owns or operates 31 network-affiliated broadcast television stations as well as related websites and mobile news applications. The Company's network affiliations include twelve CBS stations, nine NBC stations, seven ABC stations, one FOX station, one CW station and one MyNetworkTV station. Media General's stations operate across 28 markets, reaching approximately 16.5 million, or 14 percent, of U.S. TV households. The ownership, operation and sale of television stations are subject to the jurisdiction of the Federal Communications Commission, which acts under the authority granted by the Communications Act of 1934, as amended.
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MEG Company Deck
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MEG Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with strong quarterly financial performance, successful integration of acquisitions, and significant growth in key segments. However, challenges such as reductions in environmental emergency response revenue and temporary cash flow issues were noted. Overall, the sentiment is optimistic with confidence in future growth.Read More>---
MEG Stock 12 Month Forecast
Average Price Target
$35.60
▲(91.91% Upside)
Technical Analysis
Best Analysts Covering MEG
1 Year
1 Year Success Rate
11/29 ratings generated profit
1 Year Average Return
-1.56%
reiterated a buy rating 16 days ago
Copying James Ricchiuti's trades and holding each position for 1 Year would result in 37.93% of your transactions generating a profit, with an average return of -1.56% per trade.
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