Mistras Group (NYSE:MG) Announces Earnings Results

Mistras Group (NYSE:MG) posted its quarterly earnings results on Monday. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.16), FiscalAI reports. Mistras Group had a return on equity of 14.66% and a net margin of 3.65%. The company had revenue of $204.62 million during the quarter, compared to analyst estimates of $202.41 million.

Mistras Group Stock Down 0.1%

Shares of NYSE MG traded down $0.03 during midday trading on Monday, hitting $20.16. 619,072 shares of the stock traded hands, compared to its average volume of 234,477. The company has a market cap of $641.94 million, a PE ratio of 24.28, a P/E/G ratio of 1.21 and a beta of 0.96. Mistras Group has a one year low of $9.45 and a one year high of $21.92. The business has a 50 day moving average price of $20.30 and a two-hundred day moving average price of $17.30. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 1.71.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MG shares. Wall Street Zen lowered shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings upgraded Mistras Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, October 13th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.00.

About Mistras Group

Mistras Group, Inc provides asset protection and industrial inspection services designed to help companies monitor the condition, safety and performance of critical infrastructure. The company combines nondestructive testing, inspection, engineering, monitoring and data-management capabilities to identify defects and support maintenance decisions without interrupting the operation of industrial assets.

Its services and technologies include nondestructive testing and examination, mechanical integrity programs, acoustic-emission testing, structural health monitoring, rope access, remote visual inspection and other specialized inspection techniques.