Wednesday, January 7, 2015

Mistras Group (MG) Stock Gains in After-Hours Trading Today Following Earnings Beat

NEW YORK (TheStreet) -- Mistras Group shares are up 0.11% to $18.27 in after-hours trading on Wednesday following the release of the company's second quarter earnings results after the closing bell today. The asset solutions service provider reported a 13% rise in net income to $10.4 million, or 33 cents per diluted share on an adjusted basis, which beat analysts' 26 cent per share expectations for the quarter. The company generated $206.9 million in revenue during the quarter and issued full year revenue guidance between $720 million and $740 million. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates MISTRAS GROUP INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate MISTRAS GROUP INC (MG) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself." Highlights from the analysis by TheStreet Ratings Team goes as follows: You can view the full analysis from the report here: MG Ratings Report MG data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


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