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NASDAQ:MTRX

Matrix Service (MTRX) Stock Price, News & Analysis

Matrix Service logo
$12.03 -0.13 (-1.07%)
(As of 05:45 PM ET)

About Matrix Service Stock (NASDAQ:MTRX)

Key Stats

Today's Range
$11.99
$12.20
50-Day Range
$11.14
$13.45
52-Week Range
$8.61
$13.90
Volume
73,509 shs
Average Volume
209,496 shs
Market Capitalization
$331.49 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
70th Percentile Overall Score

MTRX MarketRank™: 

Matrix Service scored higher than 70% of companies evaluated by MarketBeat, and ranked 124th out of 272 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 -10.74, 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 -10.74, 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 2.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.08% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Matrix Service has recently decreased by 8.58%, 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

    2.08% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Matrix Service has recently decreased by 8.58%, indicating that investor sentiment is improving significantly.
    • 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
    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 stock has increased by 23.0% and is now trading at $12.03.
    View the best growth stocks for 2024 here
    .

    Matrix Service (NASDAQ:MTRX) issued its earnings results on Wednesday, November, 6th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.32) by $0.01. The company earned $165.58 million during the quarter, compared to the consensus estimate 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 others.

    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 and Justin D Sheets.
    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
    12/23/2024
    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
    +48.9%
    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
    $696.13 million
    Book Value
    $6.01 per share

    Miscellaneous

    Free Float
    26,425,000
    Market Cap
    $333.14 million
    Optionable
    Optionable
    Beta
    1.27

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    This page (NASDAQ:MTRX) was last updated on 12/23/2024 by MarketBeat.com Staff
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