Mistras Group Inc (MG) Expected to Post Quarterly Sales of $182.16 Million

Equities analysts predict that Mistras Group Inc (NYSE:MG) will announce $182.16 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Mistras Group’s earnings. The highest sales estimate is $182.30 million and the lowest is $182.01 million. The company is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Mistras Group will report full-year sales of $182.16 million for the current financial year. For the next financial year, analysts expect that the firm will report sales of $730.92 million per share, with estimates ranging from $710.10 million to $751.74 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Mistras Group.

Mistras Group (NYSE:MG) last announced its earnings results on Monday, November 6th. The technology company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). The firm had revenue of $179.57 million during the quarter, compared to analyst estimates of $172.28 million. Mistras Group had a net margin of 0.68% and a return on equity of 6.16%.

Several research firms have recently commented on MG. Zacks Investment Research upgraded shares of Mistras Group from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, January 9th. Stephens set a $24.00 price objective on shares of Mistras Group and gave the stock a “hold” rating in a research note on Thursday, January 18th. Canaccord Genuity lifted their price objective on shares of Mistras Group from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Tuesday, November 7th. KeyCorp reiterated a “hold” rating on shares of Mistras Group in a research note on Friday, October 6th. Finally, Goldman Sachs Group downgraded shares of Mistras Group from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $45.00 to $41.00 in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Mistras Group has an average rating of “Hold” and a consensus target price of $33.38.

Shares of Mistras Group (NYSE MG) opened at $21.14 on Friday. Mistras Group has a one year low of $17.00 and a one year high of $23.83. The company has a quick ratio of 2.08, a current ratio of 2.21 and a debt-to-equity ratio of 0.41. The firm has a market cap of $602.88 and a P/E ratio of 38.05.

In related news, EVP Michael C. Keefe sold 4,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $22.80, for a total transaction of $91,200.00. Following the completion of the transaction, the executive vice president now directly owns 38,761 shares in the company, valued at $883,750.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 44.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wedge Capital Management L L P NC lifted its position in Mistras Group by 3.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 903,041 shares of the technology company’s stock valued at $21,194,000 after purchasing an additional 31,053 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Mistras Group by 7.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 69,521 shares of the technology company’s stock valued at $1,632,000 after purchasing an additional 5,064 shares during the period. Cubist Systematic Strategies LLC lifted its position in Mistras Group by 55.2% during the third quarter. Cubist Systematic Strategies LLC now owns 14,077 shares of the technology company’s stock valued at $289,000 after purchasing an additional 5,005 shares during the period. Engine Capital Management LLC lifted its position in Mistras Group by 22.6% during the third quarter. Engine Capital Management LLC now owns 381,008 shares of the technology company’s stock valued at $7,811,000 after purchasing an additional 70,218 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Mistras Group by 5.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,168,161 shares of the technology company’s stock valued at $23,949,000 after purchasing an additional 57,126 shares during the period. Institutional investors own 61.98% of the company’s stock.

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About Mistras Group

Mistras Group, Inc offers asset protection solutions and is a provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Company’s segments are Services segment, which provides asset protection solutions in North America with concentration on the United States along with a Canadian services business, consisting of non-destructive testing, and inspection and engineering services that are used to evaluate structural integrity and reliability of critical energy, industrial and public infrastructure; International segment, which offers services, products and systems similar to those of its Services and Products and Systems segments to markets in Europe, the Middle East, Africa, Asia and South America, and Products and Systems segment, which designs, manufactures, sells, installs and services asset protection products and systems, including equipment and instrumentation.

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