Matrix Service (NASDAQ:MTRX) Announces Quarterly Earnings Results

Matrix Service (NASDAQ:MTRX - Get Free Report) released its earnings results 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 return on equity of 19.18% and a negative net margin of 4.46%. The company 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 firm posted ($0.21) earnings per share. Matrix Service updated its FY 2025 guidance to EPS.

Matrix Service Stock Performance

Shares of NASDAQ:MTRX traded up $0.26 during midday trading on Friday, reaching $13.01. 169,735 shares of the company's stock traded hands, compared to its average volume of 103,223. Matrix Service has a one year low of $8.61 and a one year 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 stock has a 50 day moving average of $11.15 and a 200 day moving average of $10.64.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MTRX. StockNews.com lowered shares of Matrix Service from a "buy" rating to a "hold" rating in a research note on Friday. DA Davidson reissued a "buy" rating and set a $18.00 price target on shares of Matrix Service in a research report on Thursday, September 26th.

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.