Wall Street analysts expect Mistras Group Inc (NYSE:MG) to report $182.16 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Mistras Group’s earnings, with the lowest sales estimate coming in at $182.01 million and the highest estimate coming in at $182.30 million. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Mistras Group will report full-year sales of $182.16 million for the current year. For the next fiscal year, analysts anticipate that the business will post sales of $730.92 million per share, with estimates ranging from $710.10 million to $751.74 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Mistras Group.
Mistras Group (NYSE:MG) last posted its quarterly earnings data on Monday, November 6th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). The firm had revenue of $179.57 million for the quarter, compared to the consensus estimate of $172.28 million. Mistras Group had a return on equity of 6.16% and a net margin of 0.68%.
A number of analysts have weighed in on MG shares. Zacks Investment Research raised shares of Mistras Group from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, January 3rd. Canaccord Genuity increased their price target on shares of Mistras Group from $20.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, November 7th. Stephens set a $24.00 price target on shares of Mistras Group and gave the company a “hold” rating in a report on Thursday, January 18th. Finally, Goldman Sachs Group downgraded shares of Mistras Group from a “neutral” rating to a “sell” rating and reduced their price target for the company from $45.00 to $41.00 in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Mistras Group presently has an average rating of “Hold” and an average price target of $33.38.
Mistras Group (MG) traded down $0.85 during midday trading on Friday, hitting $19.61. 98,691 shares of the company traded hands, compared to its average volume of 66,175. The company has a current ratio of 2.21, a quick ratio of 2.08 and a debt-to-equity ratio of 0.41. The company has a market cap of $578.83, a P/E ratio of 36.54 and a beta of 1.18. Mistras Group has a fifty-two week low of $17.00 and a fifty-two week high of $23.83.
In other news, EVP Michael C. Keefe sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $22.80, for a total transaction of $91,200.00. Following the completion of the transaction, the executive vice president now directly owns 38,761 shares of the company’s stock, valued at approximately $883,750.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 44.70% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in MG. Wedge Capital Management L L P NC lifted its holdings in shares of Mistras Group by 10.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 871,988 shares of the technology company’s stock worth $17,876,000 after acquiring an additional 83,012 shares during the period. Engine Capital Management LLC lifted its holdings in shares of Mistras Group by 22.6% during the 3rd quarter. Engine Capital Management LLC now owns 381,008 shares of the technology company’s stock worth $7,811,000 after acquiring an additional 70,218 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Mistras Group by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,111,035 shares of the technology company’s stock worth $24,409,000 after acquiring an additional 69,211 shares during the period. Rockefeller Financial Services Inc. lifted its holdings in shares of Mistras Group by 6.8% during the 4th quarter. Rockefeller Financial Services Inc. now owns 861,468 shares of the technology company’s stock worth $20,219,000 after acquiring an additional 54,502 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Mistras Group by 53.4% during the 4th quarter. Comerica Bank now owns 133,341 shares of the technology company’s stock worth $2,956,000 after acquiring an additional 46,432 shares during the period. 61.98% of the stock is owned by institutional investors.
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About Mistras Group
Mistras Group, Inc offers asset protection solutions and is a provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Company’s segments are Services segment, which provides asset protection solutions in North America with concentration on the United States along with a Canadian services business, consisting of non-destructive testing, and inspection and engineering services that are used to evaluate structural integrity and reliability of critical energy, industrial and public infrastructure; International segment, which offers services, products and systems similar to those of its Services and Products and Systems segments to markets in Europe, the Middle East, Africa, Asia and South America, and Products and Systems segment, which designs, manufactures, sells, installs and services asset protection products and systems, including equipment and instrumentation.
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