Matrix Service (NASDAQ:MTRX) Issues Earnings Results

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

Matrix Service Trading Up 2.0 %

Shares of NASDAQ MTRX traded up $0.26 during midday trading on Friday, hitting $13.01. 169,735 shares of the company’s stock were exchanged, compared to its average volume of 103,223. The business’s fifty day moving average price is $11.15 and its two-hundred day moving average price is $10.65. The company has a market cap of $358.43 million, a price-to-earnings ratio of -11.62 and a beta of 1.25. Matrix Service has a 12-month low of $8.61 and a 12-month high of $13.90.

Analyst Ratings Changes

A number of analysts recently weighed in on MTRX shares. DA Davidson reaffirmed a “buy” rating and set a $18.00 target price on shares of Matrix Service in a report on Thursday, September 26th. StockNews.com cut shares of Matrix Service from a “buy” rating to a “hold” rating in a report on Friday.

About Matrix Service

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.