Analysts Expect Mistras Group Inc (MG) Will Announce Quarterly Sales of $182.16 Million

Brokerages expect Mistras Group Inc (NYSE:MG) to announce $182.16 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Mistras Group’s earnings, with estimates ranging from $182.01 million to $182.30 million. The company is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Mistras Group will report full-year sales of $182.16 million for the current fiscal year. For the next fiscal year, analysts expect that the company will report sales of $730.92 million per share, with estimates ranging from $710.10 million to $751.74 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Mistras Group.

A number of analysts recently commented on the company. Zacks Investment Research upgraded Mistras Group from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, January 9th. Stephens set a $24.00 price objective on Mistras Group and gave the stock a “hold” rating in a research report on Thursday, January 18th. Finally, Canaccord Genuity lifted their price objective on Mistras Group from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.38.

Shares of Mistras Group (MG) opened at $20.07 on Monday. 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 company has a market capitalization of $567.79, a PE ratio of 35.84 and a beta of 1.18. Mistras Group has a 12-month low of $17.00 and a 12-month high of $23.83.

In other news, EVP Michael C. Keefe sold 4,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was 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 approximately $883,750.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 44.70% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. We Are One Seven LLC acquired a new position in shares of Mistras Group during the 4th quarter worth about $181,000. Sterling Capital Management LLC grew its position in shares of Mistras Group by 17.7% during the 4th quarter. Sterling Capital Management LLC now owns 122,306 shares of the technology company’s stock worth $2,871,000 after buying an additional 18,411 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Mistras Group during the 4th quarter worth about $193,000. PEAK6 Investments L.P. grew its position in shares of Mistras Group by 66.9% during the 4th quarter. PEAK6 Investments L.P. now owns 38,222 shares of the technology company’s stock worth $897,000 after buying an additional 15,322 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of Mistras Group during the 4th quarter worth about $322,000. Institutional investors own 63.11% of the company’s stock.

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Mistras Group Company Profile

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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