KeyCorp Analysts Increase Earnings Estimates for Mistras Group Inc (MG)

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Mistras Group Inc (NYSE:MG) – KeyCorp upped their Q3 2018 EPS estimates for shares of Mistras Group in a research note issued to investors on Thursday, August 9th. KeyCorp analyst T. Afzal now expects that the technology company will post earnings per share of $0.26 for the quarter, up from their previous estimate of $0.25. KeyCorp also issued estimates for Mistras Group’s Q4 2018 earnings at $0.18 EPS and FY2018 earnings at $0.73 EPS.

Other research analysts also recently issued reports about the company. Zacks Investment Research raised Mistras Group from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, May 9th. ValuEngine raised Mistras Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Finally, Sidoti raised Mistras Group from a “neutral” rating to a “buy” rating in a research note on Thursday, June 28th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Mistras Group presently has an average rating of “Hold” and a consensus target price of $27.00.

NYSE MG opened at $22.38 on Monday. Mistras Group has a one year low of $17.00 and a one year high of $23.83. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.14 and a quick ratio of 2.30. The firm has a market capitalization of $641.86 million, a P/E ratio of 52.05, a PEG ratio of 1.00 and a beta of 1.17.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Monday, August 6th. The technology company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. Mistras Group had a return on equity of 6.34% and a net margin of 0.38%. The firm had revenue of $191.79 million during the quarter, compared to the consensus estimate of $175.40 million.

Institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new stake in shares of Mistras Group in the 4th quarter worth $193,000. Alliancebernstein L.P. purchased a new position in shares of Mistras Group during the 4th quarter worth $212,000. Atria Investments LLC purchased a new position in shares of Mistras Group during the 2nd quarter worth $196,000. Engineers Gate Manager LP purchased a new position in shares of Mistras Group during the 2nd quarter worth $215,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Mistras Group by 46.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 12,058 shares of the technology company’s stock worth $228,000 after purchasing an additional 3,824 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

In other Mistras Group news, EVP Michael C. Keefe sold 3,651 shares of the firm’s stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $20.02, for a total value of $73,093.02. Following the completion of the sale, the executive vice president now directly owns 38,361 shares of the company’s stock, valued at approximately $767,987.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sotirios J. Vahaviolos sold 321,000 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $21.92, for a total value of $7,036,320.00. Following the completion of the sale, the insider now directly owns 10,244,313 shares of the company’s stock, valued at $224,555,340.96. The disclosure for this sale can be found here. 43.50% of the stock is owned by company insiders.

About Mistras Group

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.

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