Mistras Group Inc (MG) Issues Quarterly Earnings Results, Misses Estimates By $0.07 EPS
Mistras Group Inc (NYSE:MG) posted its quarterly earnings data on Tuesday. The technology company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.07, Bloomberg Earnings reports. Mistras Group had a net margin of 2.71% and a return on equity of 8.50%.
Shares of Mistras Group (NYSE:MG) traded up 3.46% during trading on Tuesday, reaching $20.93. The company had a trading volume of 127,864 shares. The firm has a market capitalization of $596.25 million, a price-to-earnings ratio of 41.94 and a beta of 1.15. The firm has a 50-day moving average of $21.49 and a 200 day moving average of $21.83. Mistras Group has a 52 week low of $19.49 and a 52 week high of $26.46.
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MG has been the subject of a number of recent research reports. Zacks Investment Research raised Mistras Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $47.00 target price on shares of Mistras Group in a research note on Friday, May 12th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Mistras Group presently has an average rating of “Hold” and a consensus price target of $38.83.
In other news, Chairman Sotirios J. Vahaviolos sold 94,877 shares of the company’s stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $21.08, for a total value of $2,000,007.16. Following the completion of the sale, the chairman now owns 10,651,632 shares of the company’s stock, valued at $224,536,402.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael C. Keefe sold 8,004 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $21.18, for a total value of $169,524.72. Following the completion of the sale, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at approximately $1,053,832.08. The disclosure for this sale can be found here. Insiders have sold 287,577 shares of company stock valued at $6,092,438 over the last 90 days. 44.70% of the stock is currently owned by insiders.
Mistras Group Company Profile
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