Mistras Group Inc. (NYSE:MG) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.88-0.97 for the period, compared to the Thomson Reuters consensus estimate of $0.96. The company issued revenue guidance of $690-705 million, compared to the consensus revenue estimate of $723.01 million.
Mistras Group Inc. (NYSE:MG) opened at 23.33 on Friday. The stock has a 50 day moving average of $23.82 and a 200-day moving average of $24.47. The firm has a market capitalization of $675.52 million, a PE ratio of 28.45 and a beta of 1.20. Mistras Group Inc. has a one year low of $17.84 and a one year high of $26.47.
Mistras Group (NYSE:MG) last released its quarterly earnings results on Thursday, October 6th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The firm earned $168.40 million during the quarter, compared to analysts’ expectations of $5.94 billion. Mistras Group had a return on equity of 10.61% and a net margin of 3.43%. Mistras Group’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. On average, equities analysts predict that Mistras Group Inc. will post $5.23 EPS for the current year.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Mistras Group from a hold rating to a buy rating and set a $29.00 price target for the company in a report on Friday, July 22nd. TD Securities decreased their price target on Mistras Group from $51.00 to $46.00 and set a buy rating for the company in a report on Monday, July 11th. CIBC upped their price target on Mistras Group from $45.00 to $47.00 and gave the stock a sector perform rating in a report on Tuesday, August 9th. Finally, Robert W. Baird upgraded Mistras Group from a neutral rating to an outperform rating and upped their price target for the stock from $27.00 to $28.00 in a report on Friday, August 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $41.75.
In related news, insider Dennis Bertolotti sold 21,000 shares of the company’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 sale, the insider now directly owns 101,062 shares of the company’s stock, valued at approximately $2,523,518.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 45.60% of the company’s stock.
Several large investors have recently bought and sold shares of MG. Rational Advisors LLC purchased a new stake in Mistras Group during the second quarter valued at about $128,000. BlackRock Group LTD raised its stake in Mistras Group by 54.5% in the second quarter. BlackRock Group LTD now owns 6,903 shares of the company’s stock valued at $165,000 after buying an additional 2,434 shares in the last quarter. Globeflex Capital L P purchased a new stake in Mistras Group during the second quarter valued at about $186,000. BlackRock Advisors LLC raised its stake in Mistras Group by 4.2% in the second quarter. BlackRock Advisors LLC now owns 8,381 shares of the company’s stock valued at $200,000 after buying an additional 335 shares in the last quarter. Finally, A.R.T. Advisors LLC raised its stake in Mistras Group by 3.5% in the second quarter. A.R.T. Advisors LLC now owns 8,769 shares of the company’s stock valued at $209,000 after buying an additional 300 shares in the last quarter. 56.35% of the stock is currently owned by institutional investors and hedge funds.
Mistras Group Company Profile
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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