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T   16.59 (-2.41%)
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NASDAQ:MTRX

Matrix Service (MTRX) Stock Price, News & Analysis

$11.61
-0.02 (-0.17%)
(As of 02/22/2024 ET)
Today's Range
$11.20
$11.83
50-Day Range
$8.95
$12.65
52-Week Range
$4.58
$13.04
Volume
150,850 shs
Average Volume
210,054 shs
Market Capitalization
$317.07 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$15.00

Matrix Service MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
29.2% Upside
$15.00 Price Target
Short Interest
Healthy
0.53% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.86
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$160,643 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.35) to $0.85 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.43 out of 5 stars

Oils/Energy Sector

33rd out of 234 stocks

Construction - Special Trade Contractors Industry

3rd out of 8 stocks


MTRX stock logo

About Matrix Service Stock (NASDAQ:MTRX)

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. The Utility and Power Infrastructure segment offers power delivery services, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, and upgrades and maintenance, and emergency and storm restoration services. This segment also provides engineering, fabrication, and construction services for LNG utility peak shaving facilities; and construction and maintenance services to power generation facilities, including natural gas fired facilities. The Process and Industrial Facilities segment engages in the refining and processing of crude oil; fractionating and marketing of natural, gas and natural gas liquids; and offers plant maintenance, turnarounds, engineering, industrial cleaning services, and capital construction services. The Storage and Terminal Solutions segment undertakes work related to aboveground crude oil and refined product storage tanks and terminals; engineering, procurement, fabrication, and construction services related to cryogenic and other specialty tanks and terminals for LNG, NGLs, hydrogen, ammonia, propane, butane, liquid nitrogen/liquid oxygen, and liquid petroleum; and provides plant work, truck and rail loading/offloading facilities, and marine structures, as well as storage tank and terminal maintenance and repair. This segment also manufactures and sells precision engineered specialty tank products, including geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems, and floating roof seals. Matrix Service Company was founded in 1984 and is headquartered in Tulsa, Oklahoma.

MTRX Stock Price History

MTRX Stock News Headlines

Matrix Service (NASDAQ:MTRX) Raised to "Buy" at StockNews.com
PROOF: New One Ticker (Weekly) Payouts
A multimillionaire stock trader's research explains how focusing on just one ticker every week has generated payouts up to a rare 2,614% in under 11 days...AND he's brought proof to show the world!
AI Stock Caught Trading Under Secret Name
We have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion.  The company holds over 29,000 patents in the U.S. It pays an enormous dividend.
Q2 2024 Matrix Service Co Earnings Call
Matrix Service Shares Climb on All-Time High Backlog
Recap: Matrix Service Q2 Earnings
Chuck Royce Adjusts Position in Matrix Service Co
Matrix Service Co MTRX
Q1 2024 Matrix Service Co Earnings Call
See More Headlines
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Company Calendar

Last Earnings
11/07/2021
Today
2/22/2024
Next Earnings (Estimated)
5/13/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Construction - special trade contractors
Sub-Industry
Construction & Engineering
Current Symbol
NASDAQ:MTRX
CUSIP
57685310
Employees
2,545
Year Founded
1984

Price Target and Rating

Average Stock Price Target
$15.00
High Stock Price Target
$15.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+28.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-52,360,000.00
Pretax Margin
-2.54%

Debt

Sales & Book Value

Annual Sales
$795.02 million
Book Value
$6.55 per share

Miscellaneous

Free Float
26,295,000
Market Cap
$319.80 million
Optionable
Optionable
Beta
1.15

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MTRX Stock Analysis - Frequently Asked Questions

Should I buy or sell Matrix Service stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Matrix Service in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MTRX shares.
View MTRX analyst ratings
or view top-rated stocks.

What is Matrix Service's stock price target for 2024?

1 Wall Street research analysts have issued 1-year price objectives for Matrix Service's stock. Their MTRX share price targets range from $15.00 to $15.00. On average, they predict the company's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 29.2% from the stock's current price.
View analysts price targets for MTRX
or view top-rated stocks among Wall Street analysts.

How have MTRX shares performed in 2024?

Matrix Service's stock was trading at $9.78 at the beginning of the year. Since then, MTRX shares have increased by 18.7% and is now trading at $11.61.
View the best growth stocks for 2024 here
.

Are investors shorting Matrix Service?

Matrix Service saw a decrease in short interest in the month of January. As of January 31st, there was short interest totaling 136,100 shares, a decrease of 12.6% from the January 15th total of 155,800 shares. Based on an average daily trading volume, of 207,500 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are short sold.
View Matrix Service's Short Interest
.

When is Matrix Service's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our MTRX earnings forecast
.

How were Matrix Service's earnings last quarter?

Matrix Service (NASDAQ:MTRX) announced its earnings results on Sunday, November, 7th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by $0.38. The company had revenue of $168.09 million for the quarter. Matrix Service had a negative trailing twelve-month return on equity of 12.50% and a negative net margin of 2.49%. During the same period in the prior year, the firm posted ($0.12) EPS.

What ETF holds Matrix Service's stock ?

ARK Israel Innovative Technology ETF holds 107,092 shares of MTRX stock, representing 2.06% of its portfolio.

What is John R. Hewitt's approval rating as Matrix Service's CEO?

27 employees have rated Matrix Service Chief Executive Officer John R. Hewitt on Glassdoor.com. John R. Hewitt has an approval rating of 71% among the company's employees.

What other stocks do shareholders of Matrix Service own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Matrix Service investors own include Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), BlackRock (BLK), Micron Technology (MU), Advanced Micro Devices (AMD), Netflix (NFLX), Block (SQ), AT&T (T), Chipotle Mexican Grill (CMG) and NIC (EGOV).

Who are Matrix Service's major shareholders?

Matrix Service's stock is owned by a variety of institutional and retail investors. Top institutional investors include First Wilshire Securities Management Inc. (7.95%), Azarias Capital Management L.P. (4.64%), Vanguard Group Inc. (4.44%), Aegis Financial Corp (4.34%), Dimensional Fund Advisors LP (4.32%) and Gendell Jeffrey L (3.01%). Insiders that own company stock include James Harry Miller, John D Chandler, John R Hewitt, Justin D Sheets, Kevin A Durkin and Kevin S Cavanah.
View institutional ownership trends
.

How do I buy shares of Matrix Service?

Shares of MTRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Matrix Service have any subsidiaries?
The following companies are subsidiares of Matrix Service: Baillie Tank Equipment Pty Ltd., Devco USA LLC , HDB Ltd, Houston Dynamics LLC , Houston Interests, Kvaerner, MSI Federal Contracting LLC , Matrix Applied Technologies FZ-LLC , Matrix Applied Technologies Inc. , Matrix Applied Technologies Ltd. , Matrix Applied Technologies Pte Ltd , Matrix Applied Technologies Pty. Ltd. , Matrix International Holding Company Ltd. , Matrix North American Construction Inc. , Matrix North American Construction LLC , Matrix North American Construction Ltd. , Matrix PDM Engineering Inc. , Matrix PDM Engineering Ltd. , Matrix PDM LLC , Matrix Products and Services S. de R.L. de C.V. , Matrix SME Canada Inc. , Matrix SME Canada ULC , Matrix Service Canada ULC, Matrix Service Inc. , Matrix Service International LLC , Matrix Service VI LLC , Mobile Aquatic Solutions Inc., Pelichem Industrial Cleaning Services, and River Consulting LLC .
Read More
This page (NASDAQ:MTRX) was last updated on 2/22/2024 by MarketBeat.com Staff