Published On: Thu, Sep 8th, 2016

Brokers Issue Forecasts for Matrix Service Co.’s Q3 2017 Earnings (MTRX)

Matrix Service Co. (NASDAQ:MTRX) – Analysts at KeyCorp issued their Q3 2017 earnings estimates for Matrix Service in a report issued on Monday. KeyCorp analyst M. Tucker expects that the firm will earn $0.21 per share for the quarter. KeyCorp also issued estimates for Matrix Service’s FY2018 earnings at $1.25 EPS.
Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings results on Tuesday, August 30th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. During the same period last year, the business earned $0.40 EPS. The business earned $359.60 million during the quarter. Matrix Service’s revenue for the quarter was down 1.3% compared to the same quarter last year.
Several other equities analysts also recently issued reports on the company. DA Davidson reiterated a “buy” rating and issued a $20.00 price objective on shares of Matrix Service in a research report on Friday, August 26th. Zacks Investment Research upgraded Matrix Service from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, Barclays PLC lowered their target price on Matrix Service from $41.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, June 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $24.33.

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Matrix Service (NASDAQ:MTRX) traded up 1.14% during mid-day trading on Thursday, reaching $19.49. The company’s stock had a trading volume of 196,251 shares. Matrix Service has a 1-year low of $14.07 and a 1-year high of $26.22. The firm has a market capitalization of $516.87 million, a price-to-earnings ratio of 18.21 and a beta of 1.66. The firm has a 50-day moving average of $17.23 and a 200 day moving average of $17.24.
About Matrix Service
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 Electrical Infrastructure segment primarily provides construction and maintenance services to a range of power generation facilities, such as combined cycle plants and renewable energy installations.

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