Mistras Group (MG) Releases Quarterly Earnings, Beats Expectations By $0.07 EPS
Mistras Group (NYSE:MG) announced its earnings results on Wednesday. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.07, Stock Ratings Network reports. The company had revenue of $135.80 million for the quarter, compared to the consensus estimate of $130.10 million. During the same quarter last year, the company posted $0.15 earnings per share. Mistras Group’s revenue was up 19.8% compared to the same quarter last year.
A number of research firms have recently commented on MG. 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 given a buy rating to the company. Mistras Group currently has a consensus rating of “Hold” and an average target price of $19.10.
Mistras Group (NYSE:MG) opened at 17.30 on Wednesday. Mistras Group has a 52 week low of $15.99 and a 52 week high of $25.35. The stock’s 50-day moving average is $17.3 and its 200-day moving average is $19.14. The company has a market cap of $488.1 million and a P/E ratio of 43.25.
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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