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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$19.59 - $49.97
Previous Close$26.37
Volume608.95K
Average Volume (3M)553.23K
Market Cap
$946.46M
Enterprise Value$1.15B
Total Cash (Recent Filing)$16.91M
Total Debt (Recent Filing)$265.78M
Price to Earnings (P/E)―
Beta1.78
Next Earnings
Nov 06, 2024EPS Estimate
-$0.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.49
Shares Outstanding34,229,939
10 Day Avg. Volume399,065
30 Day Avg. Volume553,229
Standard Deviation0.18
R-Squared0.26
Alpha-0.00451
Financial Highlights & Ratios
Price to Book (P/B)2.01
Price to Sales (P/S)1.43
Price to Cash Flow (P/CF)264.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.74
Enterprise Value/Gross Profit4.79
Enterprise Value/Ebitda30.02
Forecast
1Y Price Target
$48.50Price Target Upside83.92% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Montrose Environmental Group News
Bulls Say, Bears Say
Bulls Say
Contract AwardThe 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.
Growth ProspectsThe new five-year $249mm DOD contract supports potential near-term upside to organic growth.
Market PositionThe significant funding from the bipartisan Infrastructure Bill increases large DOD infrastructure projects, boosting potential contract opportunities.
Bears Say
Regulatory ImpactThere are questions about the impact of the Supreme Court ruling (Chevron deference) on the company.
Revenue Growth RisksA significant portion of the company’s revenue/EBITDA growth comes from acquisitions, which may pose risks.
Share Price VolatilityThere are concerns following the sharp falloff in the share price in recent months.
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Ownership Overview
9.04% Insiders
30.04% Mutual Funds
6.47% Other Institutional Investors
40.98% 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 $19.59 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 Nov 06, 2024 which is in 3 days.
How were Montrose Environmental Group’s earnings last quarter?
Montrose Environmental Group released its earnings results on Aug 06, 2024. The company reported -$0.39 earnings per share for the quarter, missing the consensus estimate of -$0.188 by -$0.202.
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 -$0.08.
How many shares outstanding does Montrose Environmental Group have?
Montrose Environmental Group has 34,229,940 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 -$0.188. Following the earnings report the stock price went up 0.171%.
Which hedge fund is a major shareholder of Montrose Environmental Group?
Among the largest hedge funds holding Montrose Environmental Group’s share is Driehaus Capital Management LLC. It holds Montrose Environmental Group’s shares valued at 51M.
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Montrose Environmental Group Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$48.50 (83.92% Upside)
$48.50 (83.92% Upside)
Blogger Sentiment
Bullish
MEG Sentiment 100%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Increased
By 911.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 7.3%
Last 30 Days ▲ 62.4%
Last 30 Days ▲ 62.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
14.05%
12-Months-Change
Fundamentals
Return on Equity
-6.45%
Trailing 12-Months
Asset Growth
14.32%
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
Q2 2024
0:00 / 0:00
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MEG Stock 12 Month Forecast
Average Price Target
$48.50
▲(83.92% Upside)
Technical Analysis
Best Analysts Covering MEG
1 Year
1 Year Success Rate
12/27 ratings generated profit
1 Year Average Return
+5.78%
reiterated a buy rating 19 days ago
Copying James Ricchiuti's trades and holding each position for 1 Year would result in 44.44% of your transactions generating a profit, with an average return of +5.78% per trade.
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