Brokers expect Matrix Service (NASDAQ:MTRX – Get Rating) to report earnings per share of ($0.42) for the current fiscal quarter, reports Zacks Investment Research. Zero analysts provided earnings estimates for Matrix Service. Matrix Service reported earnings of ($0.40) per share in the same quarter last year, suggesting a negative 5% year-over-year growth rate. The company is due to release its next quarterly results on Monday, January 1.
On average, analysts expect Matrix Service to report full year earnings of ($1.90) per share for the current year. For the next fiscal year, analysts expect the company to post earnings of ($0.03) per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts who cover Matrix Service.
Matrix Service (NASDAQ:MTRX – Get Rating) last reported its quarterly results on Monday, May 9. The oil and gas company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.27). The company recorded revenue of $177.00 million during the quarter. Matrix Service had a negative return on equity of 19.82% and a negative net margin of 12.92%.
A number of analysts have weighed in on MTRX shares recently. StockNews.com began covering Matrix Service in a research report on Thursday, March 31. They have set a “holding” rating on the stock. Zacks Investment Research downgraded Matrix Service from a “hold” rating to a “sell” rating in a research report on Saturday, May 14. Finally, Guggenheim upgraded Matrix Service from a “neutral” rating to a “buy” rating in a Friday, May 20 research report. One analyst rated the stock with a sell rating, another assigned a hold rating and two assigned the stock a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Several large investors have recently changed their holdings of MTRX. BlackRock Inc. increased its stake in Matrix Service by 15.9% during the first quarter. BlackRock Inc. now owns 2,423,133 shares of the oil and gas company worth $19,917,000 after acquiring 332,650 additional shares in the last quarter. Bank of New York Mellon Corp increased its stake in Matrix Service shares by 3.8% in the first quarter. Bank of New York Mellon Corp now owns 2,387,827 shares of the oil and gas company valued at $19,627,000 after buying 87,158 more shares last quarter. Royce & Associates LP increased its stake in Matrix Service shares by 9.3% in the first quarter. Royce & Associates LP now owns 1,215,333 shares of the oil and gas company valued at $9,990,000 after buying an additional 103,700 shares last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Matrix Service by 15.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 985,207 shares of the oil and gas company valued at $7,409,000 after purchasing an additional 129,860 shares last quarter. Finally, Smith Graham & Co. Investment Advisors LP increased its stake in Matrix Service shares by 13.0% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 891,139 shares of the oil and gas company valued at $7,325,000 after buying an additional 102,478 shares last quarter. Institutional investors and hedge funds own 88.69% of the company’s shares.
Matrix Service shares opened at $6.04 on Friday. Matrix Service has a one-year minimum of $4.80 and a one-year maximum of $11.76. The company has a market capitalization of $161.81 million, a PE ratio of -1.84 and a beta of 1.68. The company has a 50-day simple moving average of $6.62 and a two-hundred-day simple moving average of $7.35.
About the Matrix service (Get a rating)
Matrix Service Company provides engineering, manufacturing, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, mines and minerals in the United States, Canada, South Korea, Australia and internationally. It operates through three segments: Utilities and Power Infrastructure, Processing and Industrial Facilities, and Storage and Terminal Solutions.
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