Mistras Group Inc. (MG) Set to Announce Quarterly Earnings on Thursday
Mistras Group Inc. (NYSE:MG) will be issuing its quarterly earnings data 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 results on Wednesday, August 10th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Mistras Group had a net margin of 3.43% and a return on equity of 10.61%. The firm earned $184.20 million during the quarter, compared to analyst estimates of $177.59 million. During the same quarter in the prior year, the business posted $0.20 earnings per share. Mistras Group’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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’s 50-day moving average is $23.89 and its 200 day moving average is $24.48. The firm has a market cap of $673.49 million, a price-to-earnings ratio of 28.37 and a beta of 1.20. Mistras Group Inc. has a 12 month low of $13.91 and a 12 month high of $26.47.
MG has been the topic of several analyst reports. CIBC increased their price target on Mistras Group from $45.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, August 9th. Zacks Investment Research upgraded Mistras Group from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Friday, July 22nd. TD Securities lowered their price target on Mistras Group from $51.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, July 11th. Finally, Robert W. Baird upgraded Mistras Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from $27.00 to $28.00 in a report on Friday, August 12th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Mistras Group has a consensus rating of “Buy” and an average target price of $37.93.
In other news, insider Dennis Bertolotti sold 21,000 shares of the firm’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 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 SEC, which is available at this hyperlink. 45.60% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in MG. Rational Advisors LLC acquired a new stake in Mistras Group during the second quarter worth $128,000. BlackRock Group LTD increased 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 worth $165,000 after buying an additional 2,434 shares in the last quarter. Globeflex Capital L P acquired a new stake in Mistras Group during the second quarter worth $186,000. BlackRock Advisors LLC increased 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 in the last quarter. Finally, A.R.T. Advisors LLC increased 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 worth $209,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 56.35% of the company’s stock.
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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