Mistras Group (NYSE:MG) Releases Quarterly Earnings Results, Misses Estimates By $0.16 EPS

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

Mistras Group Stock Performance

Shares of Mistras Group stock opened at $20.18 on Wednesday. The firm has a market cap of $642.89 million, a PE ratio of 18.83, a price-to-earnings-growth ratio of 1.21 and a beta of 0.96. The firm’s 50-day simple moving average is $20.35 and its 200-day simple moving average is $17.36. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 1.71. Mistras Group has a 1 year low of $9.45 and a 1 year high of $21.92.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wall Street Zen cut shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Roth Capital downgraded shares of Mistras Group from a “buy” rating to a “neutral” rating and set a $20.35 price target on the stock. in a research note on Tuesday. Finally, Weiss Ratings raised shares of Mistras Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.18.

Mistras Group Company Profile

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.