Mistras Group Inc (MG) reported quarterly earnings results on Wednesday, Aug-10-2016. The company said it had a profit of $0.22 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.15. The company posted revenue of $184.20 million in the period, compared to analysts expectations of $177.59 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.
Mistras Group Inc closed down -0.25 points or -0.99% at $24.97 with 27,686 shares getting traded on Monday. Post opening the session at $25.16, the shares hit an intraday low of $24.91 and an intraday high of $25.26 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jul 12, 2016, Nicholas Debenedictis (director) purchased 2,900 shares at $18.38 per share price. According to the SEC, on Feb 22, 2016, Dennis Bertolotti (Group EVP, Services) sold 1,900 shares at $22.15 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.