Analysts Set Expectations for Mistras Group FY2024 Earnings

Mistras Group, Inc. (NYSE:MG - Free Report) - Equities research analysts at Sidoti Csr issued their FY2024 EPS estimates for shares of Mistras Group in a report released on Monday, March 3rd. Sidoti Csr analyst J. Franzreb forecasts that the technology company will post earnings of $0.61 per share for the year. The consensus estimate for Mistras Group's current full-year earnings is $0.71 per share. Sidoti Csr also issued estimates for Mistras Group's Q4 2024 earnings at $0.13 EPS, Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.20 EPS, FY2025 earnings at $0.83 EPS, Q1 2026 earnings at $0.22 EPS, Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.26 EPS, Q4 2026 earnings at $0.23 EPS and FY2026 earnings at $0.96 EPS.

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

Mistras Group Trading Up 0.4 %

MG stock traded up $0.05 during mid-day trading on Thursday, hitting $10.36. 169,906 shares of the company were exchanged, compared to its average volume of 109,755. Mistras Group has a 12-month low of $7.45 and a 12-month high of $12.44. The firm has a market capitalization of $321.14 million, a P/E ratio of 29.59, a PEG ratio of 0.73 and a beta of 1.67. The business has a fifty day simple moving average of $9.67 and a 200-day simple moving average of $10.05. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.93.

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Institutional Investors Weigh In On Mistras Group

A number of institutional investors have recently modified their holdings of MG. Heck Capital Advisors LLC acquired a new position in Mistras Group during the 4th quarter worth about $50,000. Mackenzie Financial Corp purchased a new stake in Mistras Group during the fourth quarter worth about $126,000. Public Employees Retirement System of Ohio lifted its position in shares of Mistras Group by 19.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 14,983 shares of the technology company's stock worth $136,000 after purchasing an additional 2,400 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of Mistras Group by 75.1% in the fourth quarter. Squarepoint Ops LLC now owns 67,820 shares of the technology company's stock valued at $614,000 after purchasing an additional 29,086 shares during the period. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of Mistras Group in the fourth quarter valued at approximately $96,000. 74.92% of the stock is owned by institutional investors and hedge funds.

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.