Matrix Service Co (NASDAQ:MTRX) – Stock analysts at KeyCorp issued their Q1 2019 earnings estimates for Matrix Service in a research report issued to clients and investors on Wednesday, September 12th. KeyCorp analyst T. Afzal forecasts that the oil and gas company will post earnings of $0.07 per share for the quarter. KeyCorp also issued estimates for Matrix Service’s Q2 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.45 EPS, FY2019 earnings at $1.01 EPS and FY2020 earnings at $1.55 EPS.

Matrix Service (NASDAQ:MTRX) last posted its earnings results on Monday, September 10th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). Matrix Service had a positive return on equity of 1.58% and a negative net margin of 1.05%. The business had revenue of $293.10 million during the quarter, compared to analyst estimates of $292.69 million. During the same quarter in the prior year, the company earned ($0.04) EPS. The company’s revenue was up .4% on a year-over-year basis.

MTRX has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Matrix Service from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 4th. Citigroup upped their target price on shares of Matrix Service from $37.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, July 5th. BidaskClub lowered shares of Matrix Service from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 6th. Finally, ValuEngine lowered shares of Matrix Service from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $41.00.

MTRX opened at $24.55 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.62 and a debt-to-equity ratio of 0.03. Matrix Service has a fifty-two week low of $12.76 and a fifty-two week high of $25.75. The stock has a market capitalization of $634.22 million, a P/E ratio of 170.60 and a beta of 0.95.

In related news, COO Joseph F. Montalbano sold 34,785 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $22.66, for a total value of $788,228.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Kevin S. Cavanah sold 21,450 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $25.40, for a total transaction of $544,830.00. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its stake in Matrix Service by 78.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,303 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 3,211 shares during the last quarter. Global X Management Co LLC increased its stake in Matrix Service by 17.2% in the 2nd quarter. Global X Management Co LLC now owns 18,158 shares of the oil and gas company’s stock valued at $333,000 after buying an additional 2,660 shares during the last quarter. Millennium Management LLC purchased a new stake in Matrix Service in the 2nd quarter valued at about $2,807,000. Paloma Partners Management Co purchased a new stake in Matrix Service in the 2nd quarter valued at about $298,000. Finally, Laurion Capital Management LP purchased a new stake in Matrix Service in the 2nd quarter valued at about $290,000. Hedge funds and other institutional investors own 93.20% of the company’s stock.

Matrix Service Company Profile

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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Earnings History and Estimates for Matrix Service (NASDAQ:MTRX)

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