Mistras Group Inc (NYSE:MG) – Research analysts at KeyCorp issued their Q2 2018 earnings per share (EPS) estimates for Mistras Group in a research note issued to investors on Thursday. KeyCorp analyst T. Afzal expects that the technology company will earn $0.22 per share for the quarter. KeyCorp also issued estimates for Mistras Group’s Q4 2018 earnings at $0.31 EPS, FY2019 earnings at $0.93 EPS and FY2020 earnings at $1.13 EPS.
Mistras Group (NYSE:MG) last announced its earnings results on Monday, March 12th. The technology company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). Mistras Group had a negative net margin of 0.31% and a positive return on equity of 4.97%. The company had revenue of $187.64 million during the quarter, compared to the consensus estimate of $182.16 million.
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Mistras Group from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, January 9th. Canaccord Genuity reiterated a “hold” rating and issued a $22.00 target price on shares of Mistras Group in a report on Tuesday, March 13th. Finally, Stephens set a $24.00 target price on Mistras Group and gave the company a “hold” rating in a report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Mistras Group has an average rating of “Hold” and a consensus target price of $30.17.
Shares of Mistras Group stock opened at $19.46 on Monday. Mistras Group has a twelve month low of $17.00 and a twelve month high of $23.83. The company has a market capitalization of $550.25, a P/E ratio of -216.20 and a beta of 1.21. The company has a quick ratio of 2.05, a current ratio of 2.16 and a debt-to-equity ratio of 0.64.
Institutional investors have recently bought and sold shares of the business. Engine Capital Management LLC boosted its holdings in shares of Mistras Group by 22.6% during the 3rd quarter. Engine Capital Management LLC now owns 381,008 shares of the technology company’s stock worth $7,811,000 after buying an additional 70,218 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Mistras Group by 5.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,168,161 shares of the technology company’s stock worth $23,949,000 after buying an additional 57,126 shares in the last quarter. Rockefeller Financial Services Inc. boosted its holdings in shares of Mistras Group by 6.8% during the 4th quarter. Rockefeller Financial Services Inc. now owns 861,468 shares of the technology company’s stock worth $20,219,000 after buying an additional 54,502 shares in the last quarter. Comerica Bank boosted its holdings in shares of Mistras Group by 53.4% during the 4th quarter. Comerica Bank now owns 133,341 shares of the technology company’s stock worth $2,956,000 after buying an additional 46,432 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Mistras Group during the 3rd quarter worth approximately $870,000. Hedge funds and other institutional investors own 62.68% of the company’s stock.
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Mistras Group Company Profile
Mistras Group, Inc offers asset protection solutions and is a provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Company’s segments are Services segment, which provides asset protection solutions in North America with concentration on the United States along with a Canadian services business, consisting of non-destructive testing, and inspection and engineering services that are used to evaluate structural integrity and reliability of critical energy, industrial and public infrastructure; International segment, which offers services, products and systems similar to those of its Services and Products and Systems segments to markets in Europe, the Middle East, Africa, Asia and South America, and Products and Systems segment, which designs, manufactures, sells, installs and services asset protection products and systems, including equipment and instrumentation.
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