Equities Analysts Set Expectations for Mistras Group, Inc.’s Q3 2024 Earnings (NYSE:MG)

Mistras Group, Inc. (NYSE:MG) – Sidoti Csr issued their Q3 2024 earnings per share estimates for Mistras Group in a note issued to investors on Monday, October 7th. Sidoti Csr analyst J. Franzreb expects that the technology company will earn $0.25 per share for the quarter. The consensus estimate for Mistras Group’s current full-year earnings is $0.80 per share. Sidoti Csr also issued estimates for Mistras Group’s Q4 2024 earnings at $0.24 EPS, FY2024 earnings at $0.78 EPS, Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.27 EPS, Q3 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.25 EPS and FY2025 earnings at $0.95 EPS.

Mistras Group Trading Up 0.6 %

Shares of Mistras Group stock opened at $11.15 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.56 and a current ratio of 1.69. The firm has a 50-day moving average of $10.98 and a 200-day moving average of $9.58. Mistras Group has a 52-week low of $5.09 and a 52-week high of $12.27. The stock has a market cap of $345.28 million, a PE ratio of -29.34 and a beta of 1.72.

Mistras Group (NYSE:MG) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.06. The business had revenue of $189.77 million during the quarter, compared to the consensus estimate of $188.30 million. Mistras Group had a positive return on equity of 9.19% and a negative net margin of 0.74%.

Insider Buying and Selling at Mistras Group

In other Mistras Group news, EVP Michael J. Lange sold 24,706 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $11.02, for a total transaction of $272,260.12. Following the transaction, the executive vice president now owns 278,003 shares in the company, valued at $3,063,593.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mistras Group news, EVP Michael J. Lange sold 24,706 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $11.02, for a total transaction of $272,260.12. Following the sale, the executive vice president now directly owns 278,003 shares in the company, valued at $3,063,593.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael J. Lange sold 6,111 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $11.17, for a total transaction of $68,259.87. Following the completion of the transaction, the executive vice president now directly owns 240,515 shares in the company, valued at approximately $2,686,552.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,644 shares of company stock valued at $478,923 in the last quarter. Company insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Mistras Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV bought a new position in shares of Mistras Group in the 2nd quarter valued at $600,000. Empowered Funds LLC lifted its position in shares of Mistras Group by 8.2% during the 1st quarter. Empowered Funds LLC now owns 170,592 shares of the technology company’s stock worth $1,631,000 after buying an additional 12,884 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Mistras Group by 5.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 82,663 shares of the technology company’s stock valued at $790,000 after buying an additional 4,517 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Mistras Group by 8.8% in the first quarter. Janney Montgomery Scott LLC now owns 45,150 shares of the technology company’s stock valued at $432,000 after acquiring an additional 3,665 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Mistras Group by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,311,715 shares of the technology company’s stock worth $10,874,000 after acquiring an additional 44,550 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors.

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.