Matrix Service (MTRX) to Release Earnings on Wednesday

Matrix Service (NASDAQ:MTRX) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Matrix Service to post earnings of ($0.13) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Matrix Service (NASDAQ:MTRX) last announced its earnings results on Wednesday, February 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). Matrix Service had a negative return on equity of 12.50% and a negative net margin of 2.49%. The company had revenue of $175.04 million for the quarter, compared to analyst estimates of $195.27 million. On average, analysts expect Matrix Service to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Matrix Service Trading Down 0.9 %

Shares of MTRX stock opened at $11.26 on Wednesday. Matrix Service has a 1 year low of $4.78 and a 1 year high of $13.90. The firm’s 50 day moving average is $12.42 and its 200-day moving average is $11.16. The firm has a market capitalization of $307.40 million, a price-to-earnings ratio of -16.09 and a beta of 1.23.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Matrix Service from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th.

Insider Activity

In related news, VP Kevin A. Durkin sold 3,900 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $12.72, for a total value of $49,608.00. Following the transaction, the vice president now owns 76,131 shares in the company, valued at approximately $968,386.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Matrix Service news, CEO John R. Hewitt sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $13.25, for a total transaction of $132,500.00. Following the transaction, the chief executive officer now owns 477,891 shares in the company, valued at approximately $6,332,055.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kevin A. Durkin sold 3,900 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.72, for a total transaction of $49,608.00. Following the sale, the vice president now owns 76,131 shares in the company, valued at approximately $968,386.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,800 shares of company stock valued at $233,354. 3.70% of the stock is owned by company insiders.

Matrix Service Company Profile

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.