Mistras Group (MG) Releases Quarterly Earnings, Beats Estimates By $0.03 EPS
Mistras Group (NYSE:MG) announced its earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03, ARN reports. The company had revenue of $156.80 million for the quarter, compared to the consensus estimate of $154.99 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis.
Shares of Mistras Group (NYSE:MG) opened at 22.44 on Thursday. Mistras Group has a 52 week low of $15.99 and a 52 week high of $24.50. The stock has a 50-day moving average of $20.2 and a 200-day moving average of $18.48. The company has a market cap of $636.7 million and a P/E ratio of 48.75.
Several analysts have recently commented on the stock. Analysts at Merrill Lynch upgraded shares of Mistras Group to a “buy” rating in a research note to investors on Tuesday. On the ratings front, 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Mistras Group has an average rating of “Buy” and an average price target 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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