Mistras Group (NYSE:MG) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Mistras Group (NYSE:MG - Get Free Report) posted its earnings results on Wednesday. The technology company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.11, Zacks reports. The firm had revenue of $172.73 million during the quarter, compared to analysts' expectations of $172.52 million. Mistras Group had a net margin of 1.52% and a return on equity of 9.32%.

Mistras Group Trading Up 0.4 %

NYSE MG traded up $0.05 during mid-day trading on Friday, reaching $10.36. 169,906 shares of the stock were exchanged, compared to its average volume of 109,755. The stock has a market cap of $321.14 million, a P/E ratio of 29.59, a P/E/G ratio of 0.73 and a beta of 1.67. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. Mistras Group has a one year low of $7.45 and a one year high of $12.44. The stock has a 50 day simple moving average of $9.67 and a 200-day simple moving average of $10.05.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Mistras Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th.

Mistras Group Company Profile

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.