Mistras Group Inc. (NYSE:MG) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $0.88-0.97 for the period, compared to the Thomson Reuters consensus EPS 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 20.30 on Monday. The firm’s 50-day moving average price is $23.71 and its 200-day moving average price is $24.43. Mistras Group Inc. has a 12 month low of $17.84 and a 12 month high of $26.47. The firm has a market cap of $588.19 million, a P/E ratio of 25.06 and a beta of 1.20.
Mistras Group (NYSE:MG) last released its quarterly earnings results on Thursday, October 6th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm earned $168.40 million during the quarter. Mistras Group had a net margin of 3.44% and a return on equity of 10.33%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. On average, equities research analysts expect that Mistras Group Inc. will post $5.23 EPS for the current fiscal year.
A number of research firms have recently issued reports on MG. Zacks Investment Research raised shares of Mistras Group from a hold rating to a buy rating and set a $29.00 price objective for the company in a report on Friday, July 22nd. TD Securities dropped their price objective on shares of Mistras Group from $51.00 to $46.00 and set a buy rating for the company in a report 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 report 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 report on Tuesday, August 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $41.75.
In other Mistras Group news, insider Dennis Bertolotti sold 21,000 shares of the business’s stock in a transaction 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 completion of the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. 45.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of MG. Rational Advisors LLC acquired a new stake in Mistras Group during the second quarter valued at $128,000. BlackRock Group LTD increased its position 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 valued at $165,000 after buying an additional 2,434 shares during the period. Globeflex Capital L P purchased a new position in shares of Mistras Group during the second quarter valued at approximately $186,000. BlackRock Advisors LLC increased its position 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 valued at $200,000 after buying an additional 335 shares during the period. Finally, A.R.T. Advisors LLC increased its position 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 valued at $209,000 after buying an additional 300 shares during the period. 56.35% of the stock is owned by institutional investors and hedge funds.
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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