Brokers are expecting Matrix Service (NASDAQ:MTRX – Get Rating) to report earnings per share for the current fiscal quarter of ($0.42), reports Zacks Investment Research. Zero analysts have provided estimates for Matrix Service’s earnings. Matrix Service reported earnings per share of ($0.40) for the same quarter last year, indicating a negative 5% year-over-year growth rate. The company is expected to release its next quarterly results on Monday, January 1st.
On average, analysts expect Matrix Service to report full year earnings of ($1.90) per share for the year to date. For the next fiscal year, analysts expect the company to report earnings per share of ($0.03). Zacks Investment Research EPS averages are an average based on a survey of sell-side research analysts covering Matrix Service.
Matrix Service (NASDAQ:MTRX – Get Rating) last reported its quarterly results on Monday, May 9th. The oil and gas company reported earnings per share of ($0.50) for the quarter, missing the consensus estimate of ($0.23) by ($0.27). The company had revenue of $177.00 million for 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 recently covered MTRX stock. StockNews.com began coverage of Matrix Service in a research report on Thursday, March 31st. You give the stock a “hold” rating. Zacks Investment Research downgraded Matrix Service from a “hold” rating to a “sell” rating in a research report on Saturday, May 14. Finally, on Friday, May 20, Guggenheim upgraded Matrix Service from a “neutral” rating to a “buy” rating in a research report. One analyst has rated the stock with a sell rating, one with a hold rating and two with a buy rating. The stock currently has a consensus rating of “Hold” based on data from MarketBeat.com.
Several major investors have recently changed their holdings of MTRX. BlackRock Inc. increased its stake in Matrix Service by 15.9% in the first quarter. BlackRock Inc. now owns 2,423,133 shares of the oil and gas company’s stock valued at $19,917,000 after purchasing an additional 332,650 shares last quarter. Bank of New York Mellon Corp increased its stake in Matrix Service 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’s stock valued at $19,627,000 after buying another 87,158 shares last quarter. Royce & Associates LP increased its stake in Matrix Service by 9.3% during the first quarter. Royce & Associates LP now owns 1,215,333 shares of the oil and gas company’s stock valued at $9,990,000 after buying another 103,700 shares last quarter. Mirae Asset Global Investments Co.Ltd. increased its stake in 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’s stock valued at $7,409,000 after buying another 129,860 shares last quarter. Finally, Smith Graham & Co. Investment Advisors LP increased its stake in Matrix Service by 13.0% during the first quarter. Smith Graham & Co. Investment Advisors LP now owns 891,139 shares of the oil and gas company’s stock, valued at $7,325,000, after buying another 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 yearly low of $4.80 and a yearly high of $11.76. The company has a market cap of $161.81 million, a P/E of -1.84 and a beta of 1.68. The company has a 50-day simple moving average of $6.62 and a 200-day simple moving average of $7.35.
About Matrix Service (received rating)
Matrix Service Company provides engineering, manufacturing, infrastructure, construction, and maintenance services primarily for the oil, gas, power, petrochemical, industrial, agricultural, mining, and minerals markets in the United States, Canada, South Korea, Australia and internationally. It operates through three segments: Utility & Energy Infrastructure, Process & Industrial Equipment, and Storage & Terminal Solutions.
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