Mistras Group (MG) Set to Announce Earnings on Wednesday

Mistras Group (NYSE:MG - Get Free Report) will post 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.Parties that wish to listen to the company's conference call can do so using this link.

Mistras Group (NYSE:MG - Get Free Report) last posted its earnings results on Wednesday, July 31st. The technology company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $189.77 million for the quarter, compared to analyst estimates 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 Stock Performance

Mistras Group stock traded down $0.13 during mid-day trading on Friday, hitting $10.74. 83,265 shares of the company's stock traded hands, compared to its average volume of 95,184. 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 firm has a 50 day simple moving average of $11.30 and a two-hundred day simple moving average of $9.75. Mistras Group has a fifty-two week low of $5.27 and a fifty-two week high of $12.44. The stock has a market cap of $332.73 million, a price-to-earnings ratio of -56.53, a P/E/G ratio of 0.89 and a beta of 1.72.

Insider Activity at Mistras Group

In other news, EVP Michael J. Lange sold 24,706 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 278,003 shares in the company, valued at $3,063,593.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 stock was sold at an average price of $11.17, for a total value of $68,259.87. Following the completion of the transaction, the executive vice president now directly owns 240,515 shares of the company's stock, valued at $2,686,552.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael J. Lange sold 24,706 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $11.02, for a total value of $272,260.12. Following the sale, the executive vice president now directly owns 278,003 shares in the company, valued at approximately $3,063,593.06. This trade 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 have sold 43,644 shares of company stock worth $478,923. 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.