Matrix Service Company (MTRX) Set to Announce Earnings on Tuesday

Matrix Service Company (NASDAQ:MTRX) will post its quarterly earnings results before the market opens on Tuesday, November 7th. Analysts expect Matrix Service to post earnings of $0.06 per share for the quarter. Matrix Service has set its FY18 guidance at $0.55-0.75 EPS.

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings results on Wednesday, September 6th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Matrix Service had a negative net margin of 0.02% and a negative return on equity of 0.06%. The company had revenue of $291.84 million during the quarter, compared to analyst estimates of $281.82 million. During the same period in the prior year, the business posted $0.34 EPS. Matrix Service’s revenue was down 18.9% compared to the same quarter last year. On average, analysts expect Matrix Service to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Matrix Service Company (NASDAQ:MTRX) opened at $14.00 on Friday. Matrix Service Company has a one year low of $7.80 and a one year high of $23.45. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.64 and a quick ratio of 1.62.

Several equities research analysts have issued reports on the stock. TheStreet raised shares of Matrix Service from a “d+” rating to a “c-” rating in a research note on Monday, October 9th. Zacks Investment Research cut shares of Matrix Service from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 14th. ValuEngine cut shares of Matrix Service from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. KeyCorp reaffirmed a “hold” rating on shares of Matrix Service in a research note on Monday, August 28th. Finally, BidaskClub cut shares of Matrix Service from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has a consensus rating of “Hold”.

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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.

Earnings History for Matrix Service (NASDAQ:MTRX)

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