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Matrix Service (MTRX) Stock Price, News & Analysis

Matrix Service logo
$13.32 +0.08 (+0.60%)
(As of 11/22/2024 ET)

About Matrix Service Stock (NASDAQ:MTRX)

Key Stats

Today's Range
$13.23
$13.43
50-Day Range
$10.35
$13.35
52-Week Range
$8.61
$13.90
Volume
143,151 shs
Average Volume
134,950 shs
Market Capitalization
$367.10 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$18.00
Consensus Rating
Buy

Company Overview

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. The Utility and Power Infrastructure segment offers power delivery services, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, and upgrades and maintenance, and emergency and storm restoration services. This segment also provides engineering, fabrication, and construction services for LNG utility peak shaving facilities; and construction and maintenance services to power generation facilities, including natural gas fired facilities. The Process and Industrial Facilities segment engages in the refining and processing of crude oil; fractionating and marketing of natural, gas and natural gas liquids; and offers plant maintenance, turnarounds, engineering, industrial cleaning services, and capital construction services. The Storage and Terminal Solutions segment undertakes work related to aboveground crude oil and refined product storage tanks and terminals; engineering, procurement, fabrication, and construction services related to cryogenic and other specialty tanks and terminals for LNG, NGLs, hydrogen, ammonia, propane, butane, liquid nitrogen/liquid oxygen, and liquid petroleum; and provides plant work, truck and rail loading/offloading facilities, and marine structures, as well as storage tank and terminal maintenance and repair. This segment also manufactures and sells precision engineered specialty tank products, including geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems, and floating roof seals. Matrix Service Company was founded in 1984 and is headquartered in Tulsa, Oklahoma.

Matrix Service Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
86th Percentile Overall Score

MTRX MarketRank™: 

Matrix Service scored higher than 86% of companies evaluated by MarketBeat, and ranked 48th out of 266 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Matrix Service has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Matrix Service has only been the subject of 1 research reports in the past 90 days.

  • Read more about Matrix Service's stock forecast and price target.
  • Earnings Growth

    Earnings for Matrix Service are expected to grow in the coming year, from ($0.04) to $1.03 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Matrix Service is -11.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Matrix Service is -11.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Matrix Service has a P/B Ratio of 2.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Matrix Service's valuation and earnings.
  • Percentage of Shares Shorted

    2.68% of the float of Matrix Service has been sold short.
  • Short Interest Ratio / Days to Cover

    Matrix Service has a short interest ratio ("days to cover") of 4.1.
  • Change versus previous month

    Short interest in Matrix Service has recently decreased by 16.81%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Matrix Service does not currently pay a dividend.

  • Dividend Growth

    Matrix Service does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.68% of the float of Matrix Service has been sold short.
  • Short Interest Ratio / Days to Cover

    Matrix Service has a short interest ratio ("days to cover") of 4.1.
  • Change versus previous month

    Short interest in Matrix Service has recently decreased by 16.81%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Matrix Service has a news sentiment score of 1.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.74 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Matrix Service this week, compared to 2 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Matrix Service insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 4.10% of the stock of Matrix Service is held by insiders.

  • Percentage Held by Institutions

    78.38% of the stock of Matrix Service is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Matrix Service's insider trading history.
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MTRX Stock News Headlines

Matrix Service announces contract award in New Jersey
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Matrix Service Company Reports Q1 Fiscal 2025 Results
Matrix Service backs FY25 revenue view $900M-$950M, consensus $917.95M
See More Headlines

MTRX Stock Analysis - Frequently Asked Questions

Matrix Service's stock was trading at $9.78 at the beginning of 2024. Since then, MTRX shares have increased by 36.2% and is now trading at $13.32.
View the best growth stocks for 2024 here
.

Matrix Service (NASDAQ:MTRX) issued its quarterly earnings data on Wednesday, November, 6th. The company reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of ($0.32) by $0.01. The business earned $165.58 million during the quarter, compared to analysts' expectations of $183.90 million. Matrix Service had a negative trailing twelve-month return on equity of 19.56% and a negative net margin of 4.46%.

Matrix Service subsidiaries include Houston Interests, Baillie Tank Equipment Pty Ltd., HDB Ltd, Kvaerner, Pelichem Industrial Cleaning Services, Devco USA LLC , Houston Dynamics LLC , and more.

Top institutional investors of Matrix Service include Harvey Partners LLC (5.50%), Needham Investment Management LLC (5.15%), Royce & Associates LP (3.13%) and Geode Capital Management LLC (2.17%). Insiders that own company stock include John R Hewitt, Kevin A Durkin, James Harry Miller, Justin D Sheets and John D Chandler.
View institutional ownership trends
.

Shares of MTRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Matrix Service investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), ServiceNow (NOW) and Jabil (JBL).

Company Calendar

Last Earnings
11/06/2024
Today
11/22/2024
Next Earnings (Estimated)
2/05/2025
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Construction - special trade contractors
Sub-Industry
Construction & Engineering
Current Symbol
NASDAQ:MTRX
CUSIP
57685310
Employees
2,064
Year Founded
1984

Price Target and Rating

Average Stock Price Target
$18.00
High Stock Price Target
$18.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+35.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-24,980,000.00
Pretax Margin
-4.46%

Debt

Sales & Book Value

Annual Sales
$728.21 million
Book Value
$5.68 per share

Miscellaneous

Free Float
26,425,000
Market Cap
$367.10 million
Optionable
Optionable
Beta
1.25

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This page (NASDAQ:MTRX) was last updated on 11/23/2024 by MarketBeat.com Staff
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