Matrix Service (NASDAQ:MTRX – Get Free Report) released its earnings results on Wednesday. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05, FiscalAI reports. Matrix Service had a positive return on equity of 5.32% and a negative net margin of 0.30%. The business had revenue of $219.40 million for the quarter, compared to analyst estimates of $239.78 million.
Matrix Service Stock Performance
MTRX traded down $0.43 on Wednesday, reaching $9.13. 524,395 shares of the company’s stock were exchanged, compared to its average volume of 467,097. Matrix Service has a twelve month low of $8.85 and a twelve month high of $15.97. The company’s 50 day moving average is $10.14 and its 200-day moving average is $11.74. The company has a market cap of $258.29 million, a price-to-earnings ratio of 36.77, a PEG ratio of 0.89 and a beta of 1.03.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on MTRX shares. Weiss Ratings cut Matrix Service from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 30th. Northland Securities set a $16.00 target price on shares of Matrix Service in a research note on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.
Read Our Latest Stock Report on MTRX
Matrix Service Company Profile
Matrix Service Company (NASDAQ:MTRX) is an engineering, construction, and maintenance services provider serving the energy and industrial markets. Based in Tulsa, Oklahoma, the company supports the development, operation, and maintenance of critical infrastructure for customers across North America.
Through its operating businesses, Matrix Service provides engineering, procurement, fabrication, construction, commissioning, maintenance, and repair services. Its capabilities include aboveground storage tanks, terminals, pipelines, process facilities, power infrastructure, and other energy-related assets.
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