Mistras Group (NYSE:MG) announced its earnings results on Monday. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.11), Morningstar.com reports. Mistras Group had a return on equity of 6.34% and a net margin of 0.38%. The company had revenue of $182.17 million for the quarter, compared to the consensus estimate of $181.50 million. Mistras Group updated its FY 2018 guidance to EPS.
Mistras Group stock traded down $0.24 during midday trading on Wednesday, reaching $16.87. The stock had a trading volume of 23,282 shares, compared to its average volume of 57,530. Mistras Group has a 12 month low of $16.46 and a 12 month high of $23.83. The firm has a market capitalization of $553.61 million, a price-to-earnings ratio of 39.23, a PEG ratio of 0.75 and a beta of 1.31. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.14 and a quick ratio of 2.01.
In related news, insider Sotirios J. Vahaviolos sold 321,000 shares of the business’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $21.92, for a total value of $7,036,320.00. Following the completion of the sale, the insider now directly owns 10,244,313 shares of the company’s stock, valued at approximately $224,555,340.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 43.50% of the company’s stock.
A number of analysts recently commented on MG shares. Zacks Investment Research raised Mistras Group from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Friday, August 10th. ValuEngine raised Mistras Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.00.
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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 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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