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

Matrix Service (NASDAQ:MTRX) announced its earnings results 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 Down 0.6 %

MTRX traded down $0.09 during midday trading on Wednesday, reaching $14.04. The company had a trading volume of 314,123 shares, compared to its average volume of 183,311. The business has a 50-day moving average of $13.15 and a two-hundred day moving average of $11.71. Matrix Service has a 1 year low of $8.61 and a 1 year high of $15.45. The company has a market cap of $386.87 million, a P/E ratio of -12.54 and a beta of 1.28.

Wall Street Analysts Forecast Growth

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

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.