Mistras Group (MG) Set to Announce Quarterly Earnings on Wednesday

Mistras Group (NYSE:MG) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Mistras Group has set its FY 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Mistras Group (NYSE:MG) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. The firm had revenue of $189.77 million during the quarter, compared to analyst estimates of $188.30 million. Mistras Group had a positive return on equity of 9.19% and a negative net margin of 0.74%. On average, analysts expect Mistras Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mistras Group Trading Down 1.2 %

MG opened at $10.74 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.69 and a debt-to-equity ratio of 1.04. The stock’s fifty day moving average is $11.30 and its two-hundred day moving average is $9.76. The company has a market capitalization of $332.59 million, a P/E ratio of -28.26, a PEG ratio of 0.89 and a beta of 1.72. Mistras Group has a 52 week low of $5.27 and a 52 week high of $12.44.

Insider Buying and Selling

In related news, EVP Michael J. Lange sold 12,827 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $10.79, for a total transaction of $138,403.33. Following the completion of the sale, the executive vice president now directly owns 265,176 shares in the company, valued at $2,861,249.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Mistras Group news, EVP Michael J. Lange sold 6,111 shares of Mistras Group stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $11.17, for a total value of $68,259.87. Following the transaction, the executive vice president now directly owns 240,515 shares of the company’s stock, valued at approximately $2,686,552.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael J. Lange sold 12,827 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $10.79, for a total value of $138,403.33. Following the sale, the executive vice president now owns 265,176 shares of the company’s stock, valued at approximately $2,861,249.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,644 shares of company stock valued at $478,923 over the last 90 days. Corporate insiders own 12.30% of the company’s stock.

About Mistras Group

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.