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

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

Mistras Group (NYSE:MG) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.15 by $0.06. Mistras Group had a positive return on equity of 9.19% and a negative net margin of 0.74%. The company had revenue of $189.77 million during the quarter, compared to the consensus estimate of $188.30 million. 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 Up 3.4 %

Shares of Mistras Group stock opened at $11.11 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.69 and a quick ratio of 1.56. The business has a fifty day simple moving average of $11.29 and a two-hundred day simple moving average of $9.77. Mistras Group has a 1 year low of $5.27 and a 1 year high of $12.44. The company has a market capitalization of $344.04 million, a price-to-earnings ratio of -29.24, a P/E/G ratio of 0.89 and a beta of 1.72.

Insider Buying and Selling

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 value of $272,260.12. Following the transaction, the executive vice president now directly owns 278,003 shares of the company’s stock, valued at $3,063,593.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Michael J. Lange sold 12,827 shares of Mistras Group 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 owns 265,176 shares of the company’s stock, valued at approximately $2,861,249.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael J. Lange sold 24,706 shares of the firm’s stock in a transaction dated 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 directly owns 278,003 shares in the company, valued at approximately $3,063,593.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,644 shares of company stock valued at $478,923. Company 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.