Mistras Group (MG) to Release Quarterly Earnings on Wednesday
Mistras Group (NYSE:MG) is set to issue its Q114 quarterly earnings data on Wednesday, October 9th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $130.10 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Mistras Group (NYSE:MG) last released its earnings data on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $144.50 million for the quarter, compared to the consensus estimate of $144.19 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis.
Mistras Group (NYSE:MG) opened at 17.30 on Tuesday. Mistras Group has a 52-week low of $15.99 and a 52-week high of $25.35. The stock has a 50-day moving average of $17.3 and a 200-day moving average of $19.19. The company has a market cap of $488.1 million and a P/E ratio of 42.95.
A number of analysts have recently weighed in on MG shares. Analysts at Zacks upgraded shares of Mistras Group from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 27th. They now have a $19.30 price target on the stock. On the ratings front, analysts at TheStreet downgraded shares of Mistras Group from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 9th. Finally, analysts at DA Davidson upgraded shares of Mistras Group from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.10.
Mistras Group, Inc (NYSE:MG) is a global provider of technology-enabled asset protection solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure.
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