Matrix Service (NASDAQ:MTRX) announced its quarterly earnings data on Sunday. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.37), MarketWatch Earnings reports. Matrix Service had a negative net margin of 3.78% and a negative return on equity of 5.13%. During the same quarter in the previous year, the firm earned ($0.01) EPS.
Matrix Service stock opened at $11.03 on Tuesday. The firm has a market capitalization of $292.52 million, a PE ratio of -11.03 and a beta of 1.74. Matrix Service has a one year low of $7.12 and a one year high of $16.32. The stock’s 50 day moving average price is $10.87 and its 200 day moving average price is $11.94.
A number of equities research analysts have issued reports on the company. TheStreet downgraded Matrix Service from a “c-” rating to a “d+” rating in a research report on Thursday, June 10th. Zacks Investment Research cut Matrix Service from a “hold” rating to a “sell” rating in a report on Thursday, August 26th. Finally, DA Davidson reaffirmed a “buy” rating on shares of Matrix Service in a research report on Thursday, September 2nd.
Matrix Service Company Profile
Matrix Service Co engages in the provision of engineering, fabrication, infrastructure, construction, and maintenance services. It operates through the following segments: Electrical Infrastructure; Oil, Gas and Chemical; Storage Solutions; and Industrial. The Electrical Infrastructure segment includes the construction of new substations, upgrades of existing substations, short-run transmission line installations, distribution upgrades and maintenance, as well as emergency and storm restoration services.
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