Matrix Service Company (MTRX) Set to Announce Earnings on Tuesday
Matrix Service Company (NASDAQ:MTRX) will release its earnings data before the market opens on Tuesday, November 7th. Analysts expect Matrix Service to post earnings of $0.06 per share for the quarter. Matrix Service has set its FY18 guidance at $0.55-0.75 EPS.
Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings data on Wednesday, September 6th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $291.84 million for the quarter, compared to analysts’ expectations of $281.82 million. Matrix Service had a negative net margin of 0.02% and a negative return on equity of 0.06%. The company’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 EPS. On average, analysts expect Matrix Service to post $0.6 EPS for the current fiscal year and $1.06 EPS for the next fiscal year.
Matrix Service Company (NASDAQ:MTRX) traded up 1.79% during mid-day trading on Tuesday, hitting $14.20. 82,449 shares of the stock were exchanged. Matrix Service Company has a 52 week low of $7.80 and a 52 week high of $23.45. The company has a 50 day moving average price of $14.35 and a 200 day moving average price of $11.39. The stock’s market cap is $379.45 million.
MTRX has been the subject of several recent research reports. TheStreet raised Matrix Service from a “d+” rating to a “c-” rating in a research note on Monday, October 9th. Zacks Investment Research raised Matrix Service from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub raised Matrix Service from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. ValuEngine cut Matrix Service from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Matrix Service in a research report on Monday, August 28th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has a consensus rating of “Hold”.
About Matrix Service
Matrix Service Company provides engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. The Company’s segments include Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial.
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