Mistras Group (MG) Set to Announce Quarterly Earnings on Thursday
Mistras Group (NYSE:MG) is scheduled to issue its Q2 quarterly earnings data after the market closes on Thursday, January 9th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $154.99 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Mistras Group (NYSE:MG) opened at 21.45 on Wednesday. Mistras Group has a 1-year low of $15.99 and a 1-year high of $24.50. The stock’s 50-day moving average is $20.18 and its 200-day moving average is $18.46. The company has a market cap of $608.6 million and a price-to-earnings ratio of 47.30.
A number of analysts have recently weighed in on MG shares. Analysts at Merrill Lynch upgraded shares of Mistras Group to a “buy” rating in a research note to investors on Tuesday. On a related note, analysts at Bank of America Corp. upgraded shares of Mistras Group from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $28.00 price target on the stock, up previously from $19.00. Finally, analysts at TheStreet upgraded shares of Mistras Group to a “buy” rating in a research note to investors on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Mistras Group has an average rating of “Buy” and a consensus target price of $22.10.
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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