Matrix Service (NASDAQ:MTRX) Announces Earnings Results, Misses Estimates By $0.01 EPS

Matrix Service (NASDAQ:MTRX) announced its quarterly earnings data on Wednesday. The company reported ($0.33) EPS 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 business had revenue of $165.58 million during the quarter, compared to the consensus estimate of $183.90 million. During the same period last year, the company earned ($0.21) EPS. Matrix Service updated its FY 2025 guidance to EPS.

Matrix Service Price Performance

Matrix Service stock traded up $0.26 during trading hours on Friday, reaching $13.01. The stock had a trading volume of 169,735 shares, compared to its average volume of 103,223. Matrix Service has a 52 week low of $8.61 and a 52 week high of $13.90. The company has a market cap of $358.43 million, a price-to-earnings ratio of -11.62 and a beta of 1.25. The business’s 50 day moving average price is $11.15 and its 200-day moving average price is $10.65.

Analysts Set New Price Targets

MTRX has been the subject of a number of research analyst reports. StockNews.com lowered shares of Matrix Service from a “buy” rating to a “hold” rating in a report on Friday. DA Davidson reiterated a “buy” rating and set a $18.00 target price on shares of Matrix Service in a report on Thursday, September 26th.

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.