Mistras Group (NYSE:MG) Announces Earnings Results

Mistras Group (NYSE:MG) posted its quarterly earnings results on Monday. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04, FiscalAI reports. The business had revenue of $193.13 million during the quarter, compared to analysts’ expectations of $189.66 million. Mistras Group had a net margin of 3.65% and a return on equity of 14.79%.

Mistras Group Stock Up 18.1%

Shares of MG opened at $18.64 on Wednesday. The company has a market capitalization of $593.25 million, a price-to-earnings ratio of 22.46, a PEG ratio of 0.94 and a beta of 0.89. Mistras Group has a 52 week low of $8.93 and a 52 week high of $19.64. The stock’s 50-day moving average price is $16.97 and its 200-day moving average price is $16.29. The company has a quick ratio of 1.67, a current ratio of 1.81 and a debt-to-equity ratio of 0.80.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Mistras Group in a research note on Friday, July 17th. Zacks Research downgraded Mistras Group from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Roth Capital initiated coverage on Mistras Group in a research report on Thursday, April 30th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Wall Street Zen upgraded Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mistras Group currently has an average rating of “Hold” and a consensus target price of $19.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MetLife Investment Management LLC grew its position in shares of Mistras Group by 17.8% in the fourth quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock valued at $89,000 after purchasing an additional 1,065 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Mistras Group by 22.5% in the third 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. First Trust Advisors LP lifted its position in Mistras Group by 2.5% during the fourth quarter. First Trust Advisors LP now owns 56,879 shares of the technology company’s stock worth $720,000 after buying an additional 1,396 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Mistras Group by 18.2% during the second quarter. Raymond James Financial Inc. now owns 14,173 shares of the technology company’s stock worth $114,000 after buying an additional 2,183 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Mistras Group by 19.4% in the 4th quarter. Wells Fargo & Company MN now owns 16,258 shares of the technology company’s stock valued at $206,000 after buying an additional 2,636 shares in the last quarter. 74.92% of the stock is owned by institutional investors and hedge funds.

Mistras Group Company Profile

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.