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

Mistras Group, Inc. (NYSE:MGFree Report) – Stock analysts at Singular Research issued their Q2 2024 EPS estimates for Mistras Group in a report released on Tuesday, May 7th. Singular Research analyst C. Sakai expects that the technology company will post earnings per share of $0.15 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:MGGet Free Report) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.07 earnings per share for the quarter. Mistras Group had a negative net margin of 1.59% and a positive return on equity of 6.24%. The firm had revenue of $184.44 million during the quarter.

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

Get Our Latest Analysis on MG

Mistras Group Price Performance

MG stock opened at $9.33 on Friday. The firm has a 50 day moving average of $9.13 and a 200-day moving average of $7.85. The company has a current ratio of 1.55, a quick ratio of 1.42 and a debt-to-equity ratio of 1.01. Mistras Group has a 12 month low of $4.96 and a 12 month high of $9.85. The firm has a market capitalization of $285.88 million, a P/E ratio of -24.55 and a beta of 1.66.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Empowered Funds LLC increased its stake in shares of Mistras Group by 8.2% in the first 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 increased its stake in shares of 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 buying an additional 3,665 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of 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 worth $669,000 after buying an additional 5,803 shares during the period. Mill Road Capital Management LLC increased its stake in shares of Mistras Group by 0.6% in the fourth quarter. Mill Road Capital Management LLC now owns 1,514,901 shares of the technology company’s stock worth $11,089,000 after buying an additional 9,779 shares during the period. Finally, Verdad Advisers LP increased its stake in shares of Mistras Group by 12.0% in the fourth quarter. Verdad Advisers LP now owns 112,000 shares of the technology company’s stock worth $820,000 after buying an additional 12,000 shares during the period. 74.92% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mistras Group news, EVP Michael J. Lange sold 5,000 shares of Mistras Group stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 341,838 shares of the company’s stock, valued at $2,915,878.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.30% of the company’s stock.

About Mistras Group

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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.

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Earnings History and Estimates for Mistras Group (NYSE:MG)

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