Mistras Group Inc. to Post Q2 2017 Earnings of $0.34 Per Share, KeyCorp Forecasts (MG)
Mistras Group Inc. (NYSE:MG) – Investment analysts at KeyCorp lowered their Q2 2017 earnings per share (EPS) estimates for shares of Mistras Group in a note issued to investors on Monday. KeyCorp analyst M. Tucker now expects that the firm will earn $0.34 per share for the quarter, down from their prior estimate of $0.42. KeyCorp also issued estimates for Mistras Group’s Q3 2017 earnings at $0.12 EPS, Q4 2017 earnings at $0.26 EPS, FY2017 earnings at $0.95 EPS and FY2018 earnings at $1.16 EPS.
MG has been the topic of several other reports. Robert W. Baird upgraded shares of Mistras Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $27.00 to $28.00 in a research report on Friday, August 12th. CIBC raised their price objective on shares of Mistras Group from $45.00 to $47.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 9th. Zacks Investment Research cut shares of Mistras Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, TD Securities cut their target price on shares of Mistras Group from $51.00 to $46.00 and set a “buy” rating for the company in a research note on Monday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $41.75.
Mistras Group (NYSE:MG) traded up 0.90% during mid-day trading on Thursday, reaching $20.22. 168,154 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $23.41 and a 200-day moving average price of $24.32. The stock has a market capitalization of $585.87 million, a PE ratio of 24.96 and a beta of 1.20. Mistras Group has a 12-month low of $18.02 and a 12-month high of $26.47.
Mistras Group (NYSE:MG) last posted its quarterly earnings results on Thursday, October 6th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The business earned $168.40 million during the quarter. Mistras Group had a net margin of 3.44% and a return on equity of 10.22%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share.
Institutional investors have recently modified their holdings of the company. Algert Global LLC boosted its position in shares of Mistras Group by 134.1% in the third quarter. Algert Global LLC now owns 35,810 shares of the company’s stock worth $840,000 after buying an additional 20,515 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Mistras Group by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 53,166 shares of the company’s stock worth $1,270,000 after buying an additional 756 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of Mistras Group during the second quarter worth approximately $208,000. AQR Capital Management LLC boosted its position in shares of Mistras Group by 41.6% in the second quarter. AQR Capital Management LLC now owns 138,356 shares of the company’s stock worth $3,302,000 after buying an additional 40,657 shares during the last quarter. Finally, A.R.T. Advisors LLC boosted 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 worth $209,000 after buying an additional 300 shares during the last quarter. 56.35% of the stock is owned by institutional investors and hedge funds.
In other Mistras Group news, insider Dennis Bertolotti sold 21,000 shares of Mistras Group 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 transaction, the insider now directly owns 101,062 shares of the company’s stock, valued at approximately $2,523,518.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 45.60% of the stock is currently owned by company insiders.
Mistras Group Company Profile
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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