Mistras Group (MG) Releases Quarterly Earnings Results
Mistras Group (NYSE:MG) posted its quarterly earnings results on Wednesday. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.06, Analyst Ratings Network.com reports. The company had revenue of $179.10 million for the quarter, compared to the consensus estimate of $166.74 million. During the same quarter last year, the company posted $0.16 earnings per share. Mistras Group’s revenue was up 23.9% compared to the same quarter last year.
Shares of Mistras Group (NYSE:MG) traded up 2.08% during mid-day trading on Wednesday, hitting $22.06. 44,707 shares of the company’s stock traded hands. Mistras Group has a 1-year low of $15.99 and a 1-year high of $25.48. The stock has a 50-day moving average of $23.03 and a 200-day moving average of $22.95. The company has a market cap of $627.4 million and a price-to-earnings ratio of 55.13.
Mistras Group, Inc offers its customers one source for asset protection solutions and is a global provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure.
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