Mistras Group, Inc. Forecasted to Post Q2 2024 Earnings of $0.15 Per Share (NYSE:MG)

Mistras Group, Inc. (NYSE:MGFree Report) – Equities research analysts at Singular Research issued their Q2 2024 earnings per share estimates for shares of Mistras Group in a report released on Tuesday, May 7th. Singular Research analyst C. Sakai anticipates that the technology company will earn $0.15 per share for the quarter. Singular Research has a “Buy” rating on the stock. Singular Research also issued estimates for Mistras Group’s Q3 2024 earnings at $0.27 EPS, Q4 2024 earnings at $0.23 EPS, FY2024 earnings at $0.72 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.27 EPS and FY2025 earnings at $0.87 EPS.

Separately, TheStreet upgraded shares of Mistras Group from a “d+” rating to a “c-” rating in a research note on Tuesday, February 27th.

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Mistras Group Stock Down 1.9 %

Mistras Group stock opened at $9.15 on Friday. The firm has a 50-day moving average price of $9.14 and a two-hundred day moving average price of $7.87. Mistras Group has a 52-week low of $4.96 and a 52-week high of $9.85. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.63 and a quick ratio of 1.42.

Mistras Group (NYSE:MGGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.07 EPS for the quarter. Mistras Group had a negative net margin of 1.59% and a positive return on equity of 6.28%. The business had revenue of $184.44 million during the quarter.

Insider Buying and Selling at Mistras Group

In related news, EVP Michael J. Lange sold 5,000 shares of Mistras Group stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $8.53, for a total value of $42,650.00. Following the transaction, the executive vice president now directly owns 341,838 shares in the company, valued at approximately $2,915,878.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Mill Road Capital Management LLC boosted its position in Mistras Group by 0.6% during the 4th quarter. Mill Road Capital Management LLC now owns 1,514,901 shares of the technology company’s stock worth $11,089,000 after acquiring an additional 9,779 shares during the period. Vanguard Group Inc. lifted its position in shares of Mistras Group by 2.5% in the first quarter. Vanguard Group Inc. now owns 1,201,864 shares of the technology company’s stock worth $11,490,000 after purchasing an additional 29,140 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Mistras Group by 18.8% during the third quarter. Pacific Ridge Capital Partners LLC now owns 394,501 shares of the technology company’s stock worth $2,150,000 after purchasing an additional 62,555 shares during the period. Foundry Partners LLC grew its position in Mistras Group by 25.1% during the third quarter. Foundry Partners LLC now owns 389,491 shares of the technology company’s stock valued at $2,123,000 after purchasing an additional 78,100 shares in the last quarter. Finally, Acuitas Investments LLC increased its stake in Mistras Group by 15.1% in the 4th quarter. Acuitas Investments LLC now owns 292,264 shares of the technology company’s stock valued at $2,139,000 after buying an additional 38,264 shares during the period. 74.92% of the stock is owned by hedge funds and other institutional investors.

About Mistras Group

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Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.

See Also

Earnings History and Estimates for Mistras Group (NYSE:MG)

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