Mistras Group (NYSE:MG) Releases Earnings Results

Mistras Group (NYSE:MG) announced its quarterly earnings data on Monday. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03, FiscalAI reports. The firm had revenue of $193.13 million during the quarter, compared to analysts’ expectations of $189.66 million. Mistras Group had a net margin of 3.06% and a return on equity of 13.60%.

Mistras Group Price Performance

Shares of MG stock traded down $0.32 during mid-day trading on Monday, hitting $15.76. The company had a trading volume of 181,217 shares, compared to its average volume of 177,588. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.81 and a quick ratio of 1.67. The stock’s 50 day moving average price is $16.99 and its 200-day moving average price is $16.24. Mistras Group has a 52-week low of $8.71 and a 52-week high of $19.64. The company has a market capitalization of $501.44 million, a P/E ratio of 22.51, a P/E/G ratio of 0.96 and a beta of 0.89.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MG. Wall Street Zen upgraded shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Roth Capital began coverage on Mistras Group in a research note on Thursday, April 30th. They issued a “buy” rating and a $22.00 price target for the company. Zacks Research cut Mistras Group from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.00.

Institutional Trading of Mistras Group

A number of institutional investors and hedge funds have recently bought and sold shares of MG. BNP Paribas Financial Markets lifted its stake in Mistras Group by 22.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after purchasing an additional 1,360 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Mistras Group during the fourth quarter valued at about $74,000. MetLife Investment Management LLC grew its position in shares of Mistras Group by 17.8% during the fourth quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock valued at $89,000 after purchasing an additional 1,065 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Mistras Group by 18.2% in the second quarter. Raymond James Financial Inc. now owns 14,173 shares of the technology company’s stock worth $114,000 after purchasing an additional 2,183 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in shares of Mistras Group in the second quarter worth about $136,000. 74.92% of the stock is currently owned by institutional investors.

About Mistras Group

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.