Matrix Service (MTRX) to Release Quarterly Earnings on Wednesday

Matrix Service (NASDAQ:MTRX) is scheduled to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Investors that are interested in registering for the company’s 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). Matrix Service had a negative net margin of 2.49% and a negative return on equity of 12.50%. The business had revenue of $175.04 million during the quarter, compared to analysts’ expectations 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 Price Performance

NASDAQ MTRX opened at $11.96 on Tuesday. The business’s 50-day moving average price is $12.42 and its 200 day moving average price is $11.13. Matrix Service has a 52-week low of $5.25 and a 52-week high of $13.90.

Wall Street Analyst Weigh In

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

Insider Transactions at Matrix Service

In related news, CEO John R. Hewitt sold 10,000 shares of Matrix Service stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $13.25, for a total transaction of $132,500.00. Following the completion of the transaction, the chief executive officer now directly owns 477,891 shares in the company, valued at approximately $6,332,055.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Kevin A. Durkin sold 3,900 shares of the firm’s stock in a transaction 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 $968,386.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John R. Hewitt sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $13.25, for a total value of $132,500.00. Following the completion of the transaction, the chief executive officer now owns 477,891 shares of the company’s stock, valued at $6,332,055.75. The disclosure for this sale can be found here. Insiders have sold 17,800 shares of company stock valued at $233,354 in the last quarter. 3.70% of the stock is currently owned by corporate 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.