Analysts Offer Predictions for Mistras Group Inc’s Q3 2019 Earnings (NYSE:MG)

Mistras Group Inc (NYSE:MG) – Investment analysts at KeyCorp reduced their Q3 2019 earnings estimates for shares of Mistras Group in a note issued to investors on Sunday, August 11th. KeyCorp analyst T. Afzal now expects that the technology company will post earnings per share of $0.21 for the quarter, down from their previous forecast of $0.26. KeyCorp also issued estimates for Mistras Group’s Q4 2019 earnings at $0.27 EPS.

Several other analysts also recently weighed in on the stock. TheStreet raised shares of Mistras Group from a “d+” rating to a “c-” rating in a research report on Wednesday, June 26th. Zacks Investment Research upgraded shares of Mistras Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. ValuEngine upgraded shares of Mistras Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, Credit Suisse Group initiated coverage on shares of Mistras Group in a research report on Thursday, June 27th. They set a “neutral” rating and a $55.00 price objective for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Mistras Group presently has a consensus rating of “Hold” and an average target price of $31.50.

NYSE:MG opened at $15.60 on Wednesday. The company has a market cap of $463.13 million, a PE ratio of 28.36, a P/E/G ratio of 1.46 and a beta of 1.20. Mistras Group has a twelve month low of $12.38 and a twelve month high of $23.13. The company has a current ratio of 1.72, a quick ratio of 1.60 and a debt-to-equity ratio of 0.97. The company’s 50 day moving average is $15.15 and its two-hundred day moving average is $14.45.

Mistras Group (NYSE:MG) last issued its quarterly earnings data on Monday, August 5th. The technology company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Mistras Group had a net margin of 0.01% and a return on equity of 4.13%. The business had revenue of $200.62 million during the quarter, compared to analysts’ expectations of $192.70 million.

In other news, Director Nicholas Debenedictis bought 6,990 shares of Mistras Group stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average price of $13.89 per share, with a total value of $97,091.10. Following the completion of the acquisition, the director now directly owns 47,089 shares in the company, valued at $654,066.21. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jonathan H. Wolk bought 2,500 shares of Mistras Group stock in a transaction that occurred on Wednesday, June 5th. The stock was purchased at an average cost of $13.76 per share, for a total transaction of $34,400.00. Following the acquisition, the chief operating officer now owns 94,900 shares of the company’s stock, valued at $1,305,824. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 13,546 shares of company stock worth $187,751. 42.40% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA increased its stake in shares of Mistras Group by 667.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,082 shares of the technology company’s stock valued at $56,000 after acquiring an additional 3,550 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Mistras Group by 440.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,186 shares of the technology company’s stock valued at $89,000 after buying an additional 5,041 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Mistras Group in the 2nd quarter valued at $103,000. CHICAGO TRUST Co NA acquired a new stake in Mistras Group in the 2nd quarter valued at $145,000. Finally, Prudential Financial Inc. boosted its stake in Mistras Group by 9.0% in the 2nd quarter. Prudential Financial Inc. now owns 10,919 shares of the technology company’s stock valued at $157,000 after buying an additional 900 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

About Mistras Group

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and testing program services; and engineering consulting services.

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