Matrix Service Co (MTRX) Given Consensus Rating of “Hold” by Brokerages

Matrix Service Co (NASDAQ:MTRX) has been given an average rating of “Hold” by the six brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $18.00.

Several research analysts recently issued reports on the stock. BidaskClub lowered shares of Matrix Service from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. TheStreet raised shares of Matrix Service from a “d+” rating to a “c-” rating in a research report on Monday, October 9th. Finally, Zacks Investment Research raised shares of Matrix Service from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a research report on Tuesday, November 14th.

Shares of Matrix Service (NASDAQ MTRX) traded down $0.15 on Friday, hitting $19.35. 114,782 shares of the stock were exchanged, compared to its average volume of 169,011. The firm has a market capitalization of $521.59, a price-to-earnings ratio of -87.95 and a beta of 0.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.74 and a quick ratio of 1.72. Matrix Service has a 1-year low of $7.80 and a 1-year high of $23.10.

Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.08. Matrix Service had a negative net margin of 0.51% and a negative return on equity of 1.75%. The business had revenue of $269.91 million during the quarter, compared to analyst estimates of $290.56 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was down 21.0% on a year-over-year basis. equities research analysts predict that Matrix Service will post 0.69 earnings per share for the current year.

In other Matrix Service news, CEO John R. Hewitt sold 5,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $17.66, for a total transaction of $88,300.00. Following the sale, the chief executive officer now directly owns 283,529 shares of the company’s stock, valued at $5,007,122.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Matrix Service during the third quarter worth about $138,000. Voya Investment Management LLC grew its stake in Matrix Service by 22.5% during the second quarter. Voya Investment Management LLC now owns 16,344 shares of the oil and gas company’s stock worth $153,000 after buying an additional 2,997 shares during the last quarter. Cullen Capital Management LLC bought a new stake in Matrix Service during the second quarter worth about $157,000. Brandes Investment Partners LP bought a new stake in Matrix Service during the third quarter worth about $171,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Matrix Service during the third quarter worth about $185,000. 88.28% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/01/20/matrix-service-co-mtrx-given-consensus-rating-of-hold-by-brokerages.html.

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.

Receive News & Ratings for Matrix Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matrix Service and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply