Mistras Group Inc. (NYSE:MG) is scheduled to be announcing its earnings results after the market closes on Thursday, October 6th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Mistras Group has set its FY17 guidance at $0.99-1.12 EPS.
Mistras Group (NYSE:MG) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.22. The company earned $184.20 million during the quarter, compared to analysts’ expectations of $177.59 million. Mistras Group had a return on equity of 10.61% and a net margin of 3.43%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. On average, analysts expect Mistras Group to post $1.01 EPS for the current fiscal year and $1.14 EPS for the next fiscal year.
Mistras Group Inc. (NYSE:MG) opened at 23.26 on Wednesday. The company has a market capitalization of $673.49 million, a PE ratio of 28.37 and a beta of 1.20. The firm’s 50 day moving average price is $23.89 and its 200-day moving average price is $24.48. Mistras Group Inc. has a one year low of $13.91 and a one year high of $26.47.
In related news, insider Dennis Bertolotti sold 21,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $24.97, for a total transaction of $524,370.00. Following the completion of the sale, the insider now owns 101,062 shares of the company’s stock, valued at $2,523,518.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 45.60% of the company’s stock.
A number of large investors have recently made changes to their positions in MG. Rational Advisors LLC purchased a new stake in shares of Mistras Group during the second quarter worth approximately $128,000. BlackRock Group LTD boosted its stake in shares of Mistras Group by 54.5% in the second quarter. BlackRock Group LTD now owns 6,903 shares of the company’s stock worth $165,000 after buying an additional 2,434 shares during the period. Globeflex Capital L P purchased a new stake in shares of Mistras Group during the second quarter worth approximately $186,000. BlackRock Advisors LLC boosted its stake in shares of Mistras Group by 4.2% in the second quarter. BlackRock Advisors LLC now owns 8,381 shares of the company’s stock worth $200,000 after buying an additional 335 shares during the period. Finally, A.R.T. Advisors LLC boosted its stake in shares of Mistras Group by 3.5% in the second quarter. A.R.T. Advisors LLC now owns 8,769 shares of the company’s stock worth $209,000 after buying an additional 300 shares during the period. 56.35% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have commented on MG shares. Zacks Investment Research downgraded Mistras Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Robert W. Baird upgraded Mistras Group from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $27.00 to $28.00 in a research report on Friday, August 12th. CIBC raised their price objective on Mistras Group from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 9th. Finally, TD Securities lowered their price objective on Mistras Group from $51.00 to $46.00 and set a “buy” rating for the company in a research report on Monday, July 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Mistras Group has an average rating of “Buy” and a consensus price target of $37.93.
About Mistras Group
Mistras Group, Inc is a provider of asset protection solutions. The Company offers one source for asset protection solutions to its customers. The Company has three segments: Services, Products and Systems, and International. The Company’s Services segment provides asset protection solutions consisting primarily of non-destructive testing and inspection, and engineering services that are used to evaluate the structural integrity and reliability of energy, industrial and public infrastructure.
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