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Montrose Environmental Group, Inc. (MEG)

NYSE - NYSE Delayed Price. Currency in USD
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51.50-0.05 (-0.10%)
At close: 4:00PM EDT
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Commodity Channel Index

Commodity Channel Index

Previous Close51.55
Bid51.38 x 800
Ask51.50 x 900
Day's Range51.04 - 52.49
52 Week Range16.41 - 59.62
Avg. Volume251,059
Market Cap1.343B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Montrose Environmental Group, Inc. (MEG) Q1 2021 Earnings Call Transcript
    Motley Fool

    Montrose Environmental Group, Inc. (MEG) Q1 2021 Earnings Call Transcript

    Joining me on the call are Vijay Manthripragada, our president and chief executive officer; and Allan Dicks, chief financial officer. And I'm glad to start this update to you by saying, we started 2021 on a strong footing following a fantastic 2020.

  • Is It Too Late to Buy Montrose Environmental Group (MEG) Stock?
    Insider Monkey

    Is It Too Late to Buy Montrose Environmental Group (MEG) Stock?

    Baron Discovery Fund recently published its first-quarter commentary – a copy of which can be downloaded here. During the first quarter of 2021, the Baron Discovery Fund returned 7.5% (institutional shares). This was 2.59% higher than the Russell 2000 Growth Index, the Fund’s primary benchmark index. You should check out Baron Discovery Fund’s top 5 […]

  • Montrose 4Q Revenues Soar 60%, Top Estimates

    Montrose 4Q Revenues Soar 60%, Top Estimates

    Montrose Environmental Group reported 4Q revenues that fared better than analysts’ expectations, thanks to increased demand for its environmental solutions. Montrose Environmental’s (MEG) revenues jumped 60.2% year-over-year to $108.7 million in 4Q and surpassed the Street’s expectations of $86.5 million amid strong demand. The company’s CEO Vijay Manthripragada said, “Fourth quarter and full year results were terrific, reflecting the resiliency in our diversified business and growing demand for our innovative environmental solutions.” Net income of $0.8 million compared favorably to the net loss of $11.3 million in the year-ago period. The year-over-year improvement reflects higher revenues and an increase in adjusted EBITDA. Adjusted EBITDA rose 74.3% year-over-year, while adjusted EBITDA margin improved 130 basis points to 16.8% in 4Q. (See Montrose Environmental stock analysis on TipRanks) As for 2021, the company expects adjusted EBITDA to grow in the range of $61 million to $67 million and anticipates year-over-year revenue growth of about 20% at the mid-point. Following the results, Needham analyst James Ricchiuti said, “MEG’s M&A pipeline remains healthy, which provides upside to our 2021 and newly introduced 2022 estimates. We regard MEG as a unique growth story in the large environmental services industry.” Ricchiuti raised the stock’s price target to $50 (26.2% upside potential) from $35 and maintained a Buy rating. Shares gained by over 80% since the company listed on the NYSE on July 23, 2020. Related News: ViacomCBS Drops 23% After Pricing New $3B Stock Sale Evolus Slips 10% On Wider-Than-Expected 4Q Loss Winnebago Crushes 2Q Estimates On Strong Consumer Demand More recent articles from Smarter Analyst: Wall Street Roundup: Bullish & Bearish Calls Of The Day Cboe Inks Deal To Snap Up Chi-X Asia Pacific, Boosts Global Business Thursday’s Pre-Market: Here’s What You Need To Know Before The Market Opens KB Home’s 1Q Profit Beats Estimates On Housing Market Boom; Shares Tank 3%