Matrix Service (NASDAQ:MTRX) Issues Quarterly Earnings Results

Matrix Service (NASDAQ:MTRX) released its earnings results on Wednesday. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01), Zacks reports. The business had revenue of $165.58 million for the quarter, compared to analysts’ expectations of $183.90 million. Matrix Service had a negative return on equity of 19.18% and a negative net margin of 4.46%. During the same period in the previous year, the company earned ($0.21) EPS. Matrix Service updated its FY 2025 guidance to EPS.

Matrix Service Trading Up 2.0 %

MTRX traded up $0.26 during mid-day trading on Friday, hitting $13.01. 169,735 shares of the stock were exchanged, compared to its average volume of 103,223. The firm’s fifty day moving average is $11.15 and its two-hundred day moving average is $10.65. Matrix Service has a 1-year low of $8.61 and a 1-year high of $13.90. The company has a market cap of $358.43 million, a PE ratio of -11.62 and a beta of 1.25.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MTRX. DA Davidson restated a “buy” rating and issued a $18.00 price target on shares of Matrix Service in a research report on Thursday, September 26th. StockNews.com cut shares of Matrix Service from a “buy” rating to a “hold” rating in a research report on Friday.

Matrix Service Company Profile

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.