Revenue Update on Mistras Group Inc(NYSE:MG)

Mistras Group Inc(NYSE:MG) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Oct 6, 2016. Company reported revenue of $168.44M. Analysts estimated a revenue of $174.63M. The revenues were $6.19M or 3.67% above the estimates. Earnings per share were $0.22. The reported EPS was below estimates by $-0.02 or NaN%. Analysts had estimated an EPS of $0.20.

In a different note, On Aug 12, 2016, Baird said it Upgrades its rating on Mistras Group Inc. The shares have been rated ‘Outperform’ by the firm.

Mistras Group Inc (MG) made into the market gainers list on Fridays trading session with the shares advancing 1.63% or 0.33 points. Due to strong positive momentum, the stock ended at $20.6, which is also near the day’s high of $20.75. The stock began the session at $20.39 and the volume stood at 2,14,914 shares. The 52-week high of the shares is $26.4729 and the 52 week low is $18.02. The company has a current market capitalization of $601 M and it has 2,91,85,036 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 17, 2016, Dennis Bertolotti (President and COO) sold 21,000 shares at $24.97 per share price.Also, On Jul 12, 2016, Nicholas Debenedictis (director) purchased 2,900 shares at $18.38 per share price.On Nov 20, 2015, Mark F. Carlos (Group EVP, Products & Systems) sold 30,000 shares at $20.14 per share price, according to the Form-4 filing with the securities and exchange commission.

Mistras Group Inc. is a provider of asset protection solutions. The Company offers one source for asset protection solutions to its customers. The Company has three segments: Services Products and Systems and International. The Company’s Services segment provides asset protection solutions consisting primarily of non-destructive testing and inspection and engineering services that are used to evaluate the structural integrity and reliability of energy industrial and public infrastructure. The Company’s Products and Systems segment designs manufactures sells installs and services its asset protection products and systems including equipment and instrumentation. The Company’s International segment offers services products and systems similar to those of its Services and Products and Systems segments to global markets in Europe the Middle East Africa Asia and South America.

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