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

Mistras Group (NYSE:MG) announced its 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. The business had revenue of $204.62 million for the quarter, compared to analysts’ expectations of $202.41 million. Mistras Group had a net margin of 3.65% and a return on equity of 14.66%.

Mistras Group Price Performance

Shares of MG stock traded down $0.03 during mid-day trading on Monday, hitting $20.16. The company had a trading volume of 619,072 shares, compared to its average volume of 234,477. The stock’s 50 day moving average price is $20.30 and its 200-day moving average price is $17.30. Mistras Group has a 52-week low of $9.45 and a 52-week high of $21.92. The company has a market capitalization of $641.94 million, a P/E ratio of 24.28, a P/E/G ratio of 1.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.71 and a quick ratio of 1.58.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MG shares. Wall Street Zen downgraded Mistras Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded shares of Mistras Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, October 13th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Mistras Group currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

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.