Wall Street analysts forecast that Mistras Group Inc (NYSE:MG) will announce $170.16 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Mistras Group’s earnings. The highest sales estimate is $174.52 million and the lowest is $165.80 million. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Mistras Group will report full-year sales of $170.16 million for the current fiscal year, with estimates ranging from $682.90 million to $685.57 million. For the next financial year, analysts anticipate that the company will report sales of $710.30 million per share, with estimates ranging from $708.19 million to $712.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Mistras Group.

Mistras Group (NYSE:MG) last issued its quarterly earnings data on Monday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.08. Mistras Group had a return on equity of 8.50% and a net margin of 2.71%. The company had revenue of $163.32 million for the quarter, compared to the consensus estimate of $160.09 million.

Several research analysts have commented on MG shares. Zacks Investment Research raised shares of Mistras Group from a “sell” rating to a “hold” rating in a report on Thursday, March 16th. Bank of America Corporation downgraded shares of Mistras Group from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a report on Friday, March 17th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $47.00 price objective on shares of Mistras Group in a report on Friday, May 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $37.43.

In other news, EVP Michael C. Keefe sold 8,004 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $21.18, for a total transaction of $169,524.72. Following the sale, the executive vice president now directly owns 49,756 shares in the company, valued at approximately $1,053,832.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Sotirios J. Vahaviolos sold 94,206 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $21.23, for a total transaction of $1,999,993.38. Following the sale, the chairman now owns 10,746,509 shares in the company, valued at $228,148,386.07. The disclosure for this sale can be found here. Insiders have sold a total of 197,087 shares of company stock valued at $4,169,525 in the last three months. Insiders own 45.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of Mistras Group by 0.7% in the first quarter. Wellington Management Group LLP now owns 2,681,494 shares of the technology company’s stock valued at $57,331,000 after buying an additional 18,600 shares in the last quarter. Broad Run Investment Management LLC boosted its stake in shares of Mistras Group by 6.7% in the first quarter. Broad Run Investment Management LLC now owns 1,550,246 shares of the technology company’s stock valued at $33,144,000 after buying an additional 97,886 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Mistras Group by 6.7% in the first quarter. Vanguard Group Inc. now owns 1,352,110 shares of the technology company’s stock valued at $28,908,000 after buying an additional 85,240 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Mistras Group by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,041,824 shares of the technology company’s stock valued at $22,273,000 after buying an additional 16,755 shares in the last quarter. Finally, Rockefeller Financial Services Inc. boosted its stake in shares of Mistras Group by 23.3% in the first quarter. Rockefeller Financial Services Inc. now owns 781,248 shares of the technology company’s stock valued at $16,703,000 after buying an additional 147,429 shares in the last quarter. Hedge funds and other institutional investors own 57.38% of the company’s stock.

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Shares of Mistras Group (MG) traded down 1.78% during midday trading on Thursday, hitting $22.05. The company had a trading volume of 31,090 shares. The stock has a 50 day moving average price of $21.39 and a 200 day moving average price of $22.46. Mistras Group has a 1-year low of $19.49 and a 1-year high of $26.46. The firm has a market capitalization of $628.16 million, a P/E ratio of 44.19 and a beta of 1.16.

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