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

Key Points

• Mistras Group reported quarterly EPS of $0.21, missing analysts’ consensus estimate of $0.37 by $0.16, while revenue of $204.62 million exceeded expectations of $202.41 million.
• Shares dipped 0.1% to $20.16 following the results. The stock has traded between $9.45 and $21.92 over the past year and has a market capitalization of approximately $642 million.
• Analyst sentiment remains positive overall, with two Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating; the average price target is $19.00.

Mistras Group (NYSE:MG - Get Free Report) posted its earnings results on Monday. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.16), FiscalAI reports. Mistras Group had a return on equity of 14.66% and a net margin of 3.65%. The business had revenue of $204.62 million for the quarter, compared to analysts' expectations of $202.41 million.

Mistras Group Stock Down 0.1%

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MG shares. Wall Street Zen downgraded Mistras Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 15th. Weiss Ratings upgraded shares of Mistras Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, October 13th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $19.00.

About Mistras Group

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.

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