Mistras Group (NYSE:MG) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Mistras Group (NYSE:MG) posted its quarterly earnings results on Wednesday. The technology company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05, FiscalAI reports. Mistras Group had a net margin of 2.55% and a return on equity of 13.10%. The business had revenue of $181.46 million for the quarter, compared to the consensus estimate of $176.27 million.

Mistras Group Stock Performance

Shares of NYSE MG traded up $0.20 during trading hours on Wednesday, reaching $15.64. 151,598 shares of the stock were exchanged, compared to its average volume of 160,967. The firm has a market capitalization of $493.41 million, a price-to-earnings ratio of 26.97, a P/E/G ratio of 0.97 and a beta of 0.86. The stock’s fifty day simple moving average is $14.16 and its 200 day simple moving average is $11.86. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.77 and a current ratio of 1.89. Mistras Group has a 52 week low of $7.06 and a 52 week high of $15.71.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MG. Weiss Ratings reiterated a “hold (c)” rating on shares of Mistras Group in a report on Thursday, January 22nd. Wall Street Zen raised shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Zacks Research downgraded shares of Mistras Group from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, UBS Group set a $16.00 price objective on shares of Mistras Group in a research note on Thursday, November 20th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.00.

Institutional Investors Weigh In On Mistras Group

A number of institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd bought a new position in Mistras Group during the first quarter worth about $256,000. Empowered Funds LLC grew its position in shares of Mistras Group by 7.3% during the 1st quarter. Empowered Funds LLC now owns 218,088 shares of the technology company’s stock worth $2,307,000 after purchasing an additional 14,786 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Mistras Group by 24.4% during the second quarter. American Century Companies Inc. now owns 47,498 shares of the technology company’s stock worth $380,000 after purchasing an additional 9,312 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Mistras Group by 33.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 153,312 shares of the technology company’s stock worth $1,228,000 after purchasing an additional 38,366 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in shares of Mistras Group by 141.7% in the second quarter. Qube Research & Technologies Ltd now owns 111,824 shares of the technology company’s stock valued at $896,000 after buying an additional 65,551 shares in the last quarter. Institutional investors own 74.92% of the company’s stock.

About Mistras Group

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.