Matrix Service (MTRX) Scheduled to Post Earnings on Monday
Matrix Service (NASDAQ:MTRX) is set to post its quarterly earnings results after the market closes on Monday, September 10th. Analysts expect Matrix Service to post earnings of $0.07 per share for the quarter.
Shares of NASDAQ MTRX opened at $21.00 on Friday. Matrix Service has a 1 year low of $12.76 and a 1 year high of $21.95. The stock has a market cap of $561.82 million, a PE ratio of -2,100.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.65.
A number of analysts have recently issued reports on the company. BidaskClub lowered Matrix Service from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised Matrix Service from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 4th. ValuEngine lowered Matrix Service from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 2nd. Finally, Citigroup lifted their target price on Matrix Service from $37.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, July 5th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $41.00.
About Matrix Service
Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, and mining and minerals markets in the United States, Canada, and internationally. The company's Electrical Infrastructure segment offers construction and maintenance services to various power generation facilities, such as combined cycle plants, natural gas fired power stations, and renewable energy installations; and high voltage services comprising the construction of new substations, upgrading existing substations, short-run transmission line installations, distribution upgrades and maintenance, and storm restoration services to investor owned utilities.
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