Matrix Service (NASDAQ:MTRX) updated its FY 2020 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.10-1.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.37. The company issued revenue guidance of $1.4-1.55 billion, compared to the consensus revenue estimate of $1.47 billion.Matrix Service also updated its FY20 guidance to $1.10-1.40 EPS.
Shares of MTRX opened at $22.52 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.43. The stock has a 50 day moving average price of $18.77 and a two-hundred day moving average price of $19.72. The firm has a market capitalization of $510.41 million, a P/E ratio of 150.16 and a beta of 1.05. Matrix Service has a 52 week low of $15.43 and a 52 week high of $25.75.
Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings data on Wednesday, August 28th. The oil and gas company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The firm had revenue of $398.71 million during the quarter, compared to analyst estimates of $376.60 million. Matrix Service had a return on equity of 4.93% and a net margin of 0.04%. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 EPS. On average, equities analysts forecast that Matrix Service will post 0.98 earnings per share for the current year.
A number of analysts have commented on MTRX shares. BidaskClub raised Matrix Service from a sell rating to a hold rating in a report on Wednesday, August 14th. ValuEngine lowered Matrix Service from a hold rating to a sell rating in a report on Thursday, August 1st. DA Davidson raised Matrix Service from a neutral rating to a buy rating and set a $25.00 price objective for the company in a report on Wednesday, August 7th. Finally, Zacks Investment Research lowered Matrix Service from a hold rating to a sell rating in a report on Saturday, July 27th.
About Matrix Service
Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, and mining and minerals markets in the United States, Canada, and internationally. The company's Electrical Infrastructure segment offers construction and maintenance services to various power generation facilities, such as combined cycle plants and natural gas fired power stations; and high voltage services comprising the construction of new substations, upgrading existing substations, short-run transmission line installations, distribution upgrades and maintenance, and emergency and storm restoration services to investor owned utilities.
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