Mistras Group Inc (MG) Scheduled to Post Quarterly Earnings on Monday
Mistras Group Inc (NYSE:MG) will issue its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.
Mistras Group (NYSE:MG) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.07). The company had revenue of $170.44 million for the quarter, compared to analyst estimates of $170.16 million. Mistras Group had a return on equity of 7.04% and a net margin of 2.69%. On average, analysts expect Mistras Group to post $0.45 EPS for the current fiscal year and $0.78 EPS for the next fiscal year.
Mistras Group Inc (NYSE MG) traded down 0.71% during trading on Monday, reaching $20.93. 41,102 shares of the company were exchanged. Mistras Group Inc has a one year low of $17.00 and a one year high of $26.46. The company has a market capitalization of $591.27 million, a P/E ratio of 44.53 and a beta of 1.17. The firm’s 50-day moving average is $20.74 and its 200 day moving average is $20.85.
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A number of equities research analysts recently weighed in on MG shares. Zacks Investment Research raised shares of Mistras Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Robert W. Baird lowered their target price on shares of Mistras Group from $24.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 9th. Canaccord Genuity lowered their target price on shares of Mistras Group from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, August 10th. BidaskClub downgraded shares of Mistras Group from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Mistras Group in a research note on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $36.00.
In other Mistras Group news, Chairman Sotirios J. Vahaviolos sold 90,490 shares of Mistras Group stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $21.25, for a total transaction of $1,922,912.50. Following the transaction, the chairman now directly owns 10,561,142 shares of the company’s stock, valued at $224,424,267.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael C. Keefe sold 4,462 shares of Mistras Group stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $18.05, for a total transaction of $80,539.10. Following the transaction, the executive vice president now directly owns 47,223 shares in the company, valued at $852,375.15. The disclosure for this sale can be found here. Company insiders own 44.70% of the company’s stock.
About Mistras Group
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