Matrix Service (NASDAQ:MTRX) Issues Earnings Results

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

Matrix Service Stock Performance

MTRX stock traded down $0.96 during midday trading on Thursday, reaching $13.08. 169,611 shares of the company traded hands, compared to its average volume of 181,150. The firm has a market capitalization of $360.43 million, a price-to-earnings ratio of -11.67 and a beta of 1.28. Matrix Service has a 52-week low of $8.61 and a 52-week high of $15.45. The business has a 50 day moving average of $13.15 and a 200-day moving average of $11.71.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Matrix Service from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th.

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.