Mistras Group (NYSE:MG) Posts Earnings Results

Mistras Group (NYSE:MG) announced its earnings results on Wednesday. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05, FiscalAI reports. Mistras Group had a net margin of 2.33% and a return on equity of 13.09%. The firm had revenue of $181.46 million for the quarter, compared to analyst estimates of $176.27 million.

Mistras Group Trading Down 5.9%

Shares of MG opened at $14.76 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.77 and a current ratio of 1.89. Mistras Group has a 52-week low of $7.06 and a 52-week high of $15.84. The firm has a market cap of $465.68 million, a price-to-earnings ratio of 27.85, a PEG ratio of 0.99 and a beta of 0.86. The business’s fifty day moving average is $14.24 and its 200-day moving average is $11.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MG. BNP Paribas Financial Markets grew its holdings in shares of Mistras Group by 22.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock valued at $73,000 after purchasing an additional 1,360 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Mistras Group during the fourth quarter worth $74,000. MetLife Investment Management LLC lifted its stake in shares of Mistras Group by 17.8% in the 4th quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock valued at $89,000 after acquiring an additional 1,065 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Mistras Group by 18.2% during 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 in the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in Mistras Group in the 2nd quarter worth about $136,000. Institutional investors own 74.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MG. UBS Group set a $16.00 price target on Mistras Group in a research report on Thursday, November 20th. Zacks Research downgraded Mistras Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Wall Street Zen raised Mistras Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mistras Group in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.00.

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.