Matrix Service (MTRX) Scheduled to Post Earnings on Wednesday

Matrix Service (NASDAQ:MTRX) will issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings data on Wednesday, February 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.08). The business had revenue of $175.04 million during the quarter, compared to analysts’ expectations of $195.27 million. Matrix Service had a negative return on equity of 12.50% and a negative net margin of 2.49%. 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 Up 1.5 %

NASDAQ MTRX opened at $11.74 on Monday. The stock has a fifty day simple moving average of $12.41 and a 200-day simple moving average of $11.14. Matrix Service has a twelve month low of $5.00 and a twelve month high of $13.90.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Matrix Service news, VP Kevin A. Durkin sold 3,900 shares of Matrix Service stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.72, for a total transaction of $49,608.00. Following the completion of the sale, the vice president now directly owns 76,131 shares of the company’s stock, valued at approximately $968,386.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO John R. Hewitt sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was 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 of the company’s stock, valued at $6,332,055.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 value of $49,608.00. Following the sale, the vice president now directly owns 76,131 shares of the company’s stock, valued at $968,386.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,800 shares of company stock worth $233,354. Corporate insiders own 3.70% of the company’s stock.

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.