Matrix Service (NASDAQ:MTRX) Issues Earnings Results, Beats Estimates By $0.02 EPS

Matrix Service (NASDAQ:MTRX - Get Free Report) posted its earnings results on Wednesday. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.02, Zacks reports. Matrix Service had a negative net margin of 4.76% and a negative return on equity of 20.81%. Matrix Service updated its FY 2025 guidance to EPS.

Matrix Service Trading Up 0.3 %

MTRX traded up $0.04 during mid-day trading on Friday, hitting $14.18. 234,187 shares of the stock were exchanged, compared to its average volume of 214,635. The company has a market cap of $390.73 million, a PE ratio of -11.62 and a beta of 1.28. The firm's fifty day moving average is $13.20 and its two-hundred day moving average is $11.77. Matrix Service has a 1-year low of $8.61 and a 1-year high of $15.45.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Matrix Service from a "buy" rating to a "strong-buy" rating in a report on Thursday.

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.