Montrose EnvironmentalMEG
MEG
About: Montrose Environmental Group Inc is an environmental services company. The firm's operating segments are Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. Through its Assessment, Permitting, and Response segment, the company provides scientific advisory and consulting services to support environmental assessments, environmental emergency response, and environmental audits. Measurement and Analysis include test and analysis of air, water, and soil to determine concentrations of contaminants whereas, the Remediation and Reuse segment provide clients with engineering, design, implementation, operations and maintenance services, to treat contaminated water, remove contaminant or create biogas. United States Contributes the majority of geographic revenue.
Employees: 3,480
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
44% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 48
0.91% more ownership
Funds ownership: 97.35% [Q3] → 98.26% (+0.91%) [Q4]
10% less funds holding
Funds holding: 181 [Q3] → 162 (-19) [Q4]
20% less call options, than puts
Call options by funds: $5.58M | Put options by funds: $6.98M
29% less capital invested
Capital invested by funds: $877M [Q3] → $625M (-$252M) [Q4]
36% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 45
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$33
86%
upside
Avg. target
$37
107%
upside
High target
$39
120%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Evercore ISI Group Durgesh Chopra 71% 1-year accuracy 17 / 24 met price target | 86%upside $33 | Outperform Maintained | 10 Feb 2025 |
Needham James Ricchiuti 45% 1-year accuracy 54 / 120 met price target | 120%upside $39 | Buy Reiterated | 28 Jan 2025 |
Stifel Michael Hoffman 58% 1-year accuracy 14 / 24 met price target | 114%upside $38 | Buy Maintained | 11 Dec 2024 |
Financial journalist opinion
Neutral
PRNewsWire
1 day ago
Montrose Environmental Group Announces the Appointment of Vincent Colman to Board of Directors and Audit Committee
LITTLE ROCK, Ark. , Feb. 20, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (NYSE: MEG), a global environmental solutions company, announced the appointment of Mr.
Neutral
PRNewsWire
1 week ago
Montrose Environmental Group Announces Timing Of Fourth Quarter And Full Year 2024 Results
LITTLE ROCK, Ark. , Feb. 13, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) announced today the planned dates for its fourth-quarter and full-year 2024 results and conference call.
Neutral
PRNewsWire
1 month ago
Montrose Environmental Group Needham Conference Update
LITTLE ROCK, Ark. , Jan. 13, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) today announced that due to the wildfires in southern California, the Company will now participate virtually in the Needham 27th Annual Growth Conference, and will present at 8:45 a.m.
Neutral
PRNewsWire
1 month ago
Montrose Environmental Group to Attend the Needham 27th Annual Growth Conference
LITTLE ROCK, Ark. , Jan. 8, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) today announced that the Company will present at the Needham 27th Annual Growth Conference in New York, New York on Tuesday, January 14, 2025 at 9:30 a.m.
Neutral
PRNewsWire
2 months ago
Montrose Environmental Group Selected by Sydney Water to Install PFAS Treatment System
LITTLE ROCK, Ark. , Dec. 18, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. (NYSE: MEG), a global environmental solutions company, was selected to install its per- and polyfluorinated substances (PFAS) mobile treatment system at Sydney Water's Cascade Water Filtration Plant (WFP) outside of Sydney, Australia to address PFAS in drinking water.
Neutral
PRNewsWire
3 months ago
MONTROSE ENVIRONMENTAL GROUP TO ATTEND THE BAIRD 2024 GLOBAL INDUSTRIAL CONFERENCE
LITTLE ROCK, Ark. , Nov. 11, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) today announced that the Company will attend the Baird 2024 Global Industrial Conference in Chicago, IL on Tuesday, November 12, 2024.
Neutral
Seeking Alpha
3 months ago
Montrose Environmental Group, Inc. (MEG) Q3 2024 Earnings Call Transcript
Montrose Environmental Group, Inc. (NYSE:MEG ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Adrianne Griffin - Senior Vice President, Investor Relations & Treasury Vijay Manthripragada - President & Chief Executive Officer Allan Dicks - Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Durgesh Chopra - Evercore ISI Jim Ricchiuti - Needham & Company Aadit Shrestha - Stifel Operator Good day, and welcome to the Montrose Environmental Group Inc Third Quarter 2024 Earnings Call. All participants will be in the listen-only mode.
Positive
Zacks Investment Research
3 months ago
Montrose Environmental (MEG) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Montrose Environmental (MEG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
3 months ago
Montrose Environmental (MEG) Beats Q3 Earnings Estimates
Montrose Environmental (MEG) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.18 per share a year ago.
Neutral
PRNewsWire
3 months ago
Montrose Environmental Group Reports Record Third Quarter and First Nine Months 2024 Results, Reaffirms Guidance, and Updates Strategic Capital Allocation Priorities
Third Quarter 2024 Highlights (comparisons to third quarter 2023) Highest-ever total revenue of $178.7 million, an increase of $10.8 million, or 6.4% Net loss of $10.6 million, or $0.39 net loss per diluted share attributable to common stockholders (LPS), and Adjusted Net Income1 of $19.1 million, or $0.41 Diluted Adjusted Net Income per share1 (Adj EPS) Record Consolidated Adjusted EBITDA1 of $28.3 million, an increase of $5.0 million, or 21.5% Consolidated margin expansion Reaffirms full-year 2024 guidance for total revenue of $690 million to $740 million, and Consolidated Adjusted EBITDA1 of $95 million to $100 million First Nine Months 2024 Highlights (comparisons to first nine months 2023) Record total revenue of $507.4 million, an increase of $48.9 million, or 10.7% Net loss of $34.1 million, or $1.30 LPS, and Adjusted Net Income1 of $38.6 million, or $0.80 Adj EPS1 Record Consolidated Adjusted EBITDA1 of $68.5 million, an increase of $7.5 million, or 12.2% Received five patents in 2024, bringing total patent portfolio to 23, which enhance differentiated capabilities across multiple contaminants, including PFAS Strategic Capital Allocation Priorities Long-term capital allocation strategy unchanged Near-term priority is redemption of preferred equity and subsequent deleveraging; concurrently de-emphasizing acquisitions Continued focus on cash flow generation LITTLE ROCK, Ark. , Nov. 6, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) today announced results for the third quarter and first nine month periods ended September 30, 2024.
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