Mistras Group Inc (NYSE:MG) Scheduled to Post Earnings on Tuesday
Mistras Group Inc (NYSE:MG) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, August 8th. Analysts expect Mistras Group to post earnings of $0.16 per share for the quarter.
Mistras Group (NYSE:MG) last posted its quarterly earnings data on Monday, May 8th. The technology company reported $0.08 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.08. Mistras Group had a net margin of 2.71% and a return on equity of 8.50%. The business had revenue of $163.32 million for the quarter, compared to analyst estimates of $160.09 million. On average, analysts expect Mistras Group to post $0.71 EPS for the current fiscal year and $0.85 EPS for the next fiscal year.
Mistras Group Inc (NYSE MG) opened at 20.57 on Monday. The firm has a market cap of $586.00 million, a price-to-earnings ratio of 41.22 and a beta of 1.15. The company’s 50 day moving average is $21.61 and its 200-day moving average is $21.86. Mistras Group Inc has a 1-year low of $19.49 and a 1-year high of $26.46.
In related news, Chairman Sotirios J. Vahaviolos sold 94,877 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $21.08, for a total transaction of $2,000,007.16. Following the completion of the sale, the chairman now directly owns 10,651,632 shares of the company’s stock, valued at $224,536,402.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Sotirios J. Vahaviolos sold 94,206 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $21.23, for a total transaction of $1,999,993.38. Following the sale, the chairman now directly owns 10,746,509 shares of the company’s stock, valued at $228,148,386.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,087 shares of company stock valued at $4,169,525. Insiders own 44.70% of the company’s stock.
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A number of brokerages have weighed in on MG. Zacks Investment Research raised shares of Mistras Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $47.00 target price on shares of Mistras Group in a research note on Friday, May 12th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $38.83.
About Mistras Group
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