Mistras Group (NYSE:MG) Posts Earnings Results, Beats Expectations By $0.04 EPS

Mistras Group (NYSE:MG) issued its quarterly earnings data on Monday. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04, FiscalAI reports. Mistras Group had a return on equity of 13.60% and a net margin of 3.06%.The business had revenue of $193.13 million during the quarter, compared to the consensus estimate of $189.66 million.

Mistras Group Stock Performance

Shares of NYSE MG opened at $15.76 on Tuesday. The stock has a fifty day moving average price of $16.96 and a two-hundred day moving average price of $16.26. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.67 and a current ratio of 1.81. The firm has a market cap of $501.48 million, a P/E ratio of 22.51, a PEG ratio of 0.96 and a beta of 0.89. Mistras Group has a 1 year low of $8.71 and a 1 year high of $19.64.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen upgraded Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Zacks Research lowered Mistras Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a research note on Friday, July 17th. Finally, Roth Capital assumed coverage on Mistras Group in a report on Thursday, April 30th. They set a “buy” rating and a $22.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Mistras Group presently has a consensus rating of “Hold” and a consensus price target of $19.00.

Institutional Trading of Mistras Group

Several institutional investors have recently modified their holdings of MG. MetLife Investment Management LLC boosted its stake in 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 buying an additional 1,065 shares in the last quarter. BNP Paribas Financial Markets raised its position in Mistras Group by 22.5% in the third quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after acquiring an additional 1,360 shares in the last quarter. First Trust Advisors LP raised its position in Mistras Group by 2.5% in the fourth quarter. First Trust Advisors LP now owns 56,879 shares of the technology company’s stock worth $720,000 after acquiring an additional 1,396 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Mistras Group by 18.2% in the 2nd quarter. Raymond James Financial Inc. now owns 14,173 shares of the technology company’s stock valued at $114,000 after acquiring an additional 2,183 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Mistras Group by 19.4% in the 4th quarter. Wells Fargo & Company MN now owns 16,258 shares of the technology company’s stock valued at $206,000 after acquiring an additional 2,636 shares during the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

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.