Sidoti Csr Forecasts Mistras Group FY2024 Earnings

Mistras Group, Inc. (NYSE:MG) – Investment analysts at Sidoti Csr issued their FY2024 earnings per share estimates for shares of Mistras Group in a report issued on Monday, March 3rd. Sidoti Csr analyst J. Franzreb forecasts that the technology company will post earnings per share of $0.61 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 Mistras Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th.

Mistras Group Trading Up 12.3 %

Shares of Mistras Group stock opened at $10.32 on Thursday. Mistras Group has a 1 year low of $7.45 and a 1 year high of $12.44. The firm has a market cap of $320.15 million, a PE ratio of 29.50, a P/E/G ratio of 0.73 and a beta of 1.76. The stock has a fifty day moving average price of $9.64 and a 200-day moving average price of $10.08. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55.

Institutional Investors Weigh In On Mistras Group

Several large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in Mistras Group by 5.2% in the 4th quarter. Barclays PLC now owns 39,706 shares of the technology company’s stock worth $359,000 after acquiring an additional 1,946 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Mistras Group by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 63,851 shares of the technology company’s stock worth $578,000 after acquiring an additional 2,033 shares during the last quarter. Geode Capital Management LLC increased its holdings in Mistras Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 455,532 shares of the technology company’s stock worth $4,128,000 after acquiring an additional 2,143 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Mistras Group by 19.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 14,983 shares of the technology company’s stock worth $136,000 after acquiring an additional 2,400 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Mistras Group by 10.6% in the 4th quarter. BNP Paribas Financial Markets now owns 28,929 shares of the technology company’s stock worth $262,000 after acquiring an additional 2,764 shares during 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.