Mistras Group (NYSE:MG) Announces Earnings Results

Key Points

• Mistras Group exceeded quarterly expectations: earnings came in at $0.28 per share versus the $0.25 consensus estimate, while revenue reached $193.13 million, above forecasts of $189.66 million.
• Shares fell $0.32 to $15.76 following the results. The stock has traded between $8.71 and $19.64 over the past year and has a market capitalization of approximately $501 million.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $19.00. Institutional investors own about 74.92% of the company’s shares.

Mistras Group (NYSE:MG - Get Free Report) issued its earnings results on Monday. The technology company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.03, FiscalAI reports. The business had revenue of $193.13 million during the quarter, compared to analyst estimates of $189.66 million. Mistras Group had a return on equity of 13.60% and a net margin of 3.06%.

Mistras Group Stock Performance

Shares of Mistras Group stock traded down $0.32 on Monday, hitting $15.76. 181,217 shares of the company's stock were exchanged, compared to its average volume of 177,588. Mistras Group has a 1 year low of $8.71 and a 1 year high of $19.64. The company has a 50-day simple moving average of $16.99 and a 200-day simple moving average of $16.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.67 and a current ratio of 1.81. The stock has a market capitalization of $501.44 million, a PE ratio of 22.51, a PEG ratio of 0.96 and a beta of 0.89.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MG shares. Zacks Research downgraded shares of Mistras Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 8th. Roth Capital began coverage on Mistras Group in a report on Thursday, April 30th. They set a "buy" rating and a $22.00 price target on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Mistras Group in a research note on Friday, July 17th. Finally, Wall Street Zen raised Mistras Group from a "buy" rating to a "strong-buy" rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $19.00.

Hedge Funds Weigh In On Mistras Group

Several institutional investors and hedge funds have recently bought and sold shares of MG. Kemnay Advisory Services Inc. purchased a new stake in Mistras Group in the fourth quarter worth about $74,000. MetLife Investment Management LLC lifted its position in shares of Mistras Group by 17.8% during the 4th quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company's stock valued at $89,000 after buying an additional 1,065 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Mistras Group by 22.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company's stock valued at $73,000 after buying an additional 1,360 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Mistras Group by 18.2% during the 2nd quarter. Raymond James Financial Inc. now owns 14,173 shares of the technology company's stock valued at $114,000 after acquiring an additional 2,183 shares during the period. Finally, Engineers Gate Manager LP bought a new position in shares of Mistras Group during the 4th quarter valued at approximately $205,000. 74.92% of the stock is currently owned by hedge funds and other institutional investors.

Mistras Group Company Profile

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.

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