Mistras Group Inc. (NYSE:MG) is set to release its earnings data after the market closes on Thursday, October 6th. Analysts expect Mistras Group to post 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 posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.22 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.22. The company had revenue of $184.20 million for the quarter, compared to the consensus estimate of $177.59 million. Mistras Group had a net margin of 3.43% and a return on equity of 10.61%. Mistras Group’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $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 23.57 on Tuesday. The stock has a market cap of $682.47 million, a P/E ratio of 28.74 and a beta of 1.20. Mistras Group Inc. has a 1-year low of $13.40 and a 1-year high of $26.47. The firm’s 50-day moving average is $23.95 and its 200-day moving average is $24.49.
Several equities analysts have recently issued reports on MG shares. Zacks Investment Research raised shares of Mistras Group from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Friday, July 22nd. TD Securities lowered their price objective on shares of Mistras Group from $51.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, July 11th. Robert W. Baird raised shares of Mistras Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $27.00 to $28.00 in a research note on Friday, August 12th. Finally, CIBC lifted their price objective on shares of Mistras Group from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 9th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Mistras Group currently has an average rating of “Buy” and a consensus price target of $37.93.
In other news, insider Dennis Bertolotti sold 21,000 shares of Mistras Group 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 transaction, the insider now directly 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 SEC, which is accessible through this hyperlink. 45.60% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors increased its position in shares of Mistras Group by 3.1% in the second quarter. Nationwide Fund Advisors now owns 13,949 shares of the company’s stock worth $333,000 after buying an additional 425 shares during the last quarter. Vanguard Group Inc. boosted its stake in Mistras Group by 3.6% in the second quarter. Vanguard Group Inc. now owns 1,216,173 shares of the company’s stock worth $29,031,000 after buying an additional 42,184 shares during the period. BlackRock Advisors LLC boosted 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 worth $200,000 after buying an additional 335 shares during the period. BlackRock Investment Management LLC boosted its stake in Mistras Group by 7.7% in the second quarter. BlackRock Investment Management LLC now owns 66,832 shares of the company’s stock worth $1,595,000 after buying an additional 4,763 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in Mistras Group by 4.2% in the second quarter. BlackRock Fund Advisors now owns 445,265 shares of the company’s stock worth $10,628,000 after buying an additional 17,817 shares during the period. 56.35% of the stock is currently owned by hedge funds and other institutional investors.
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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