Mistras Group Inc. (NYSE:MG) – Analysts at KeyCorp dropped their Q2 2017 earnings per share estimates for shares of Mistras Group in a research note issued to investors on Monday. KeyCorp analyst M. Tucker now expects that the brokerage will post earnings per share of $0.34 for the quarter, down from their prior forecast of $0.42. KeyCorp also issued estimates for Mistras Group’s Q3 2017 earnings at $0.12 EPS, Q4 2017 earnings at $0.26 EPS, FY2017 earnings at $0.95 EPS and FY2018 earnings at $1.16 EPS.
A number of other brokerages also recently weighed in on MG. Zacks Investment Research raised shares of Mistras Group from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Friday, July 22nd. TD Securities reduced their price target on shares of Mistras Group from $51.00 to $46.00 and set a “buy” rating for the company in a research report on Monday, July 11th. CIBC raised their price target on shares of Mistras Group from $45.00 to $47.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 9th. Finally, Robert W. Baird raised shares of Mistras Group from a “neutral” rating to an “outperform” rating and raised their price target for the company from $27.00 to $28.00 in a research report on Friday, August 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Mistras Group presently has an average rating of “Hold” and a consensus price target of $41.75.
Shares of Mistras Group (NYSE:MG) traded up 1.63% during midday trading on Thursday, reaching $20.60. 214,914 shares of the company’s stock were exchanged. The stock has a market cap of $596.89 million, a price-to-earnings ratio of 25.43 and a beta of 1.20. Mistras Group has a one year low of $18.13 and a one year high of $26.47. The firm has a 50 day moving average of $23.21 and a 200-day moving average of $24.26.
Mistras Group (NYSE:MG) last issued its earnings results on Thursday, October 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Mistras Group had a net margin of 3.44% and a return on equity of 10.22%. The business had revenue of $168.40 million for the quarter. During the same period in the previous year, the firm earned $0.23 EPS. The company’s revenue was down 6.4% compared to the same quarter last year.
A number of large investors have recently modified their holdings of the company. Bogle Investment Management L P DE bought a new stake in shares of Mistras Group during the first quarter valued at about $2,591,000. Wellington Management Group LLP boosted its stake in shares of Mistras Group by 2.7% in the first quarter. Wellington Management Group LLP now owns 2,881,038 shares of the company’s stock valued at $71,364,000 after buying an additional 74,746 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Mistras Group by 26.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 348,795 shares of the company’s stock valued at $8,326,000 after buying an additional 72,650 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Mistras Group by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 980,132 shares of the company’s stock valued at $23,395,000 after buying an additional 61,609 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Mistras Group during the second quarter valued at about $1,318,000. Institutional investors own 56.35% of the company’s stock.
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 shares were sold at an average price of $24.97, for a total value of $524,370.00. Following the sale, the insider now owns 101,062 shares in the company, valued at $2,523,518.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 45.60% of the stock is currently owned by corporate insiders.
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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