Matrix Service Company (MTRX) Updates FY18 Earnings Guidance
Matrix Service Company (NASDAQ:MTRX) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.55-0.75 for the period, compared to the Thomson Reuters consensus estimate of $0.60. The company issued revenue guidance of $1.225-1.325 billion, compared to the consensus revenue estimate of $1.25 billion.
A number of equities analysts recently issued reports on the company. ValuEngine lowered Matrix Service from a hold rating to a sell rating in a research note on Tuesday, September 12th. Zacks Investment Research lowered Matrix Service from a hold rating to a strong sell rating in a research note on Thursday, September 14th. TheStreet upgraded Matrix Service from a d+ rating to a c- rating in a research note on Monday, October 9th. BidaskClub upgraded Matrix Service from a sell rating to a hold rating in a research note on Saturday, August 5th. Finally, KeyCorp restated a hold rating on shares of Matrix Service in a research note on Monday, August 28th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has a consensus rating of Hold.
Shares of Matrix Service Company (MTRX) traded up $0.20 during mid-day trading on Tuesday, reaching $14.20. The company had a trading volume of 157,500 shares, compared to its average volume of 229,328. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.14. Matrix Service Company has a one year low of $7.80 and a one year high of $23.45.
Matrix Service (NASDAQ:MTRX) last issued its earnings results on Wednesday, September 6th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). The firm had revenue of $291.84 million during the quarter, compared to analysts’ expectations of $281.82 million. Matrix Service had a negative return on equity of 0.06% and a negative net margin of 0.02%. The business’s revenue was down 18.9% on a year-over-year basis. During the same quarter last year, the business earned $0.34 EPS. analysts forecast that Matrix Service Company will post 0.6 EPS for the current fiscal year.
Matrix Service Company Profile
Matrix Service Company provides engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. The Company’s segments include Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial.
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