Sidoti Csr Predicts Mistras Group FY2024 Earnings

Mistras Group, Inc. (NYSE:MG) – Analysts at Sidoti Csr issued their FY2024 earnings estimates for Mistras Group in a research note issued to investors on Monday, March 3rd. Sidoti Csr analyst J. Franzreb expects that the technology company will earn $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 downgraded Mistras Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th.

Mistras Group Stock Performance

NYSE MG opened at $9.19 on Thursday. The stock has a market capitalization of $285.01 million, a price-to-earnings ratio of 26.26, a PEG ratio of 0.73 and a beta of 1.76. The business’s 50 day moving average is $9.62 and its two-hundred day moving average is $10.08. Mistras Group has a 12-month low of $7.45 and a 12-month high of $12.44. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93.

Institutional Trading of Mistras Group

Institutional investors have recently modified their holdings of the company. Barclays PLC lifted its position in shares of Mistras Group by 118.5% during the third quarter. Barclays PLC now owns 37,760 shares of the technology company’s stock worth $430,000 after purchasing an additional 20,482 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Mistras Group by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company’s stock worth $5,156,000 after buying an additional 4,014 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Mistras Group by 554.4% during the third quarter. JPMorgan Chase & Co. now owns 62,512 shares of the technology company’s stock valued at $711,000 after acquiring an additional 52,960 shares in the last quarter. State Street Corp increased its position in shares of Mistras Group by 4.8% during the third quarter. State Street Corp now owns 317,579 shares of the technology company’s stock worth $3,611,000 after acquiring an additional 14,651 shares during the last quarter. Finally, Mill Road Capital Management LLC lifted its stake in shares of Mistras Group by 4.7% in the third quarter. Mill Road Capital Management LLC now owns 1,599,145 shares of the technology company’s stock worth $18,182,000 after acquiring an additional 72,025 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

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.