Mistras Group Inc (MG) Expected to Post Quarterly Sales of $176.31 Million

Wall Street analysts expect that Mistras Group Inc (NYSE:MG) will report sales of $176.31 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Mistras Group’s earnings, with the highest sales estimate coming in at $176.40 million and the lowest estimate coming in at $176.22 million. Mistras Group reported sales of $163.32 million in the same quarter last year, which suggests a positive year over year growth rate of 8%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Mistras Group will report full year sales of $176.31 million for the current year, with estimates ranging from $721.80 million to $723.15 million. For the next financial year, analysts expect that the business will post sales of $748.89 million per share, with estimates ranging from $742.27 million to $755.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Mistras Group.

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Mistras Group (NYSE:MG) last issued its quarterly earnings data on Monday, March 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). Mistras Group had a positive return on equity of 4.97% and a negative net margin of 0.31%. The company had revenue of $187.64 million for the quarter, compared to analyst estimates of $182.16 million.

MG has been the subject of several research reports. Canaccord Genuity restated a “hold” rating and set a $22.00 price objective on shares of Mistras Group in a research report on Friday, December 22nd. Zacks Investment Research downgraded Mistras Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Stephens set a $24.00 price objective on Mistras Group and gave the stock a “hold” rating in a research report on Thursday, January 18th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Mistras Group presently has an average rating of “Hold” and an average price target of $30.17.

Shares of Mistras Group stock traded up $0.54 during trading on Friday, hitting $18.94. 80,456 shares of the company were exchanged, compared to its average volume of 78,028. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.16 and a quick ratio of 2.05. Mistras Group has a fifty-two week low of $17.00 and a fifty-two week high of $23.83. The company has a market capitalization of $535.83, a P/E ratio of 44.05 and a beta of 1.21.

A number of hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake in Mistras Group by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,714 shares of the technology company’s stock worth $323,000 after acquiring an additional 487 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Mistras Group by 5.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 64,457 shares of the technology company’s stock worth $1,322,000 after acquiring an additional 3,151 shares during the period. Cubist Systematic Strategies LLC grew its stake in Mistras Group by 55.2% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 14,077 shares of the technology company’s stock worth $289,000 after acquiring an additional 5,005 shares during the period. Wells Fargo & Company MN grew its stake in Mistras Group by 26.8% in the 4th quarter. Wells Fargo & Company MN now owns 26,527 shares of the technology company’s stock worth $623,000 after acquiring an additional 5,609 shares during the period. Finally, Teachers Advisors LLC grew its stake in Mistras Group by 17.1% in the 4th quarter. Teachers Advisors LLC now owns 40,337 shares of the technology company’s stock worth $947,000 after acquiring an additional 5,879 shares during the period. 62.68% of the stock is owned by hedge funds and other institutional investors.

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Mistras Group Company Profile

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 engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.

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