Mistras Group Inc (MG) Issues Earnings Results
Mistras Group Inc (NYSE:MG) issued its earnings results on Monday. The technology company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02), Bloomberg Earnings reports. The business had revenue of $179.57 million during the quarter, compared to analyst estimates of $172.28 million. Mistras Group had a net margin of 2.69% and a return on equity of 7.04%.
Mistras Group (NYSE:MG) traded up $0.28 during mid-day trading on Tuesday, reaching $21.42. The company’s stock had a trading volume of 203,961 shares, compared to its average volume of 55,586. Mistras Group has a fifty-two week low of $17.00 and a fifty-two week high of $26.46. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.20. The firm has a market cap of $597.22, a P/E ratio of 32.52 and a beta of 1.16.
A number of equities research analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) downgraded Mistras Group from a “neutral” rating to a “sell” rating and reduced their target price for the company from $45.00 to $41.00 in a report on Monday, October 16th. KeyCorp reissued a “hold” rating on shares of Mistras Group in a report on Friday, October 6th. Robert W. Baird downgraded Mistras Group from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $21.00 to $22.00 in a report on Monday, October 2nd. BidaskClub downgraded Mistras Group from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, Zacks Investment Research lowered Mistras Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $36.00.
In other news, COO Jonathan H. Wolk purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average cost of $17.41 per share, with a total value of $43,525.00. Following the purchase, the chief operating officer now owns 83,589 shares in the company, valued at $1,455,284.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael C. Keefe sold 4,462 shares of Mistras Group stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $18.05, for a total transaction of $80,539.10. Following the transaction, the executive vice president now directly owns 47,223 shares of the company’s stock, valued at $852,375.15. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.
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About Mistras Group
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