Matrix Service (NASDAQ:MTRX) Posts Earnings Results, Beats Expectations By $0.02 EPS

Matrix Service (NASDAQ:MTRX) issued its quarterly earnings results on Wednesday. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02, Zacks reports. Matrix Service had a negative net margin of 4.46% and a negative return on equity of 19.56%. Matrix Service updated its FY 2025 guidance to EPS.

Matrix Service Stock Down 1.9 %

NASDAQ MTRX traded down $0.28 on Friday, hitting $13.87. The stock had a trading volume of 16,927 shares, compared to its average volume of 196,372. Matrix Service has a one year low of $8.61 and a one year high of $15.45. The company’s 50-day moving average is $13.16 and its two-hundred day moving average is $11.73. The stock has a market cap of $382.12 million, a price-to-earnings ratio of -12.50 and a beta of 1.28.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Matrix Service from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

About Matrix Service

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.