Mistras Group, Inc. Expected to Post Q2 2024 Earnings of $0.15 Per Share (NYSE:MG)

Mistras Group, Inc. (NYSE:MG - Free Report) - Equities researchers at Singular Research issued their Q2 2024 earnings estimates for Mistras Group in a report issued on Tuesday, May 7th. Singular Research analyst C. Sakai forecasts that the technology company will earn $0.15 per share for the quarter. Singular Research currently has a "Buy" rating on the stock. Singular Research also issued estimates for Mistras Group's Q3 2024 earnings at $0.27 EPS, Q4 2024 earnings at $0.23 EPS, FY2024 earnings at $0.72 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.27 EPS and FY2025 earnings at $0.87 EPS.

Mistras Group (NYSE:MG - Get Free Report) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.07 earnings per share for the quarter. The firm had revenue of $184.44 million for the quarter. Mistras Group had a negative net margin of 1.59% and a positive return on equity of 6.24%.

Separately, TheStreet upgraded Mistras Group from a "d+" rating to a "c-" rating in a research report on Tuesday, February 27th.

Mistras Group Trading Down 1.9 %

NYSE MG traded down $0.18 on Friday, reaching $9.15. The company had a trading volume of 34,296 shares, compared to its average volume of 74,851. The firm has a market cap of $280.37 million, a price-to-earnings ratio of -24.55 and a beta of 1.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.42. Mistras Group has a fifty-two week low of $4.96 and a fifty-two week high of $9.85. The business has a 50 day moving average of $9.13 and a two-hundred day moving average of $7.85.

Insider Buying and Selling at Mistras Group

In other news, EVP Michael J. Lange sold 5,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $8.53, for a total transaction of $42,650.00. Following the completion of the sale, the executive vice president now directly owns 341,838 shares in the company, valued at $2,915,878.14. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 12.30% of the company's stock.

Institutional Investors Weigh In On Mistras Group

A number of hedge funds have recently added to or reduced their stakes in MG. Vanguard Group Inc. raised its holdings in shares of Mistras Group by 2.5% during the first quarter. Vanguard Group Inc. now owns 1,201,864 shares of the technology company's stock valued at $11,490,000 after purchasing an additional 29,140 shares during the period. Empowered Funds LLC raised its stake in Mistras Group by 8.2% during the 1st quarter. Empowered Funds LLC now owns 170,592 shares of the technology company's stock worth $1,631,000 after buying an additional 12,884 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Mistras Group by 8.8% in the first quarter. Janney Montgomery Scott LLC now owns 45,150 shares of the technology company's stock worth $432,000 after acquiring an additional 3,665 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Mistras Group by 9.0% in the first quarter. Assenagon Asset Management S.A. now owns 70,019 shares of the technology company's stock valued at $669,000 after acquiring an additional 5,803 shares during the period. Finally, Mill Road Capital Management LLC increased its holdings in shares of Mistras Group by 0.6% during the fourth quarter. Mill Road Capital Management LLC now owns 1,514,901 shares of the technology company's stock valued at $11,089,000 after acquiring an additional 9,779 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors.

About Mistras Group

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.