Matrix Service Co Company Profile (NASDAQ:MTRX)

About Matrix Service Co (MTRX)

Matrix Service Co logoMatrix 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 segments include Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial. The Electrical Infrastructure segment primarily includes construction and maintenance services to a range of power generation facilities, such as combined cycle plants, natural gas fired power stations and renewable energy installations. The Oil Gas & Chemical segment includes turnaround activities, plant maintenance services and construction in the downstream petroleum industry. The Storage Solutions segment includes new construction of crude and refined products aboveground storage tanks (ASTs), as well as planned and emergency maintenance services. The Industrial segment includes construction and maintenance work in the iron and steel and mining and minerals industries.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Equipment & Services
  • Sub-Industry: Oil & Gas Equipment & Services
  • Exchange: NASDAQ
  • Symbol: MTRX
  • CUSIP: 57685310
Key Metrics:
  • Previous Close: $15.40
  • 50 Day Moving Average: $17.62
  • 200 Day Moving Average: $19.42
  • 52-Week Range: $14.07 - $23.45
  • Trailing P/E Ratio: 14.67
  • Foreward P/E Ratio: 12.73
  • P/E Growth: 1.75
  • Market Cap: $409.53M
  • Outstanding Shares: 26,593,000
  • Beta: 1.31
Profitability:
  • Net Margins: 2.12%
  • Return on Equity: 8.78%
  • Return on Assets: 4.84%
Debt:
  • Debt-to-Equity Ratio: 0.22%
  • Current Ratio: 1.77%
  • Quick Ratio: 1.75%

Analyst Ratings

Consensus Ratings for Matrix Service Co (NASDAQ:MTRX) (?)
Ratings Breakdown: 1 Hold Rating, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $22.33 (45.02% upside)

Analysts' Ratings History for Matrix Service Co (NASDAQ:MTRX)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
11/18/2016Avondale PartnersDowngradeMarket Outperform -> Market PerformN/AView Rating Details
8/26/2016DA DavidsonReiterated RatingBuy$20.00N/AView Rating Details
6/6/2016Barclays PLCLower Price TargetOverweight$41.00 -> $27.00N/AView Rating Details
2/4/2016SidotiLower Price TargetBuy$31.00 -> $28.00N/AView Rating Details
10/14/2015KeyCorpBoost Price Target$30.00N/AView Rating Details
9/2/2015Johnson RiceBoost Price TargetAccumulate$24.00 -> $25.00N/AView Rating Details
9/2/2015Stifel NicolausBoost Price TargetBuy$23.00 -> $25.00N/AView Rating Details
(Data available from 3/22/2015 forward)

Earnings

Earnings History for Matrix Service Co (NASDAQ:MTRX)
Earnings by Quarter for Matrix Service Co (NASDAQ:MTRX)
Earnings History by Quarter for Matrix Service Co (NASDAQ:MTRX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/2/2017        
2/8/2017Q2 2017$0.30$0.20$324.56 million$312.70 millionViewListenView Earnings Details
11/7/2016Q117$0.33$0.35$345.14 million$341.00 millionViewListenView Earnings Details
8/30/2016Q4$0.30$0.34$359.60 millionViewN/AView Earnings Details
5/5/2016Q3$0.29$0.16$317.86 million$309.40 millionViewN/AView Earnings Details
2/3/2016Q2$0.36$0.27$345.44 million$323.50 millionViewN/AView Earnings Details
11/4/2015Q1$0.31$0.37$344.29 million$319.30 millionViewN/AView Earnings Details
8/31/2015Q415$0.27$0.40$370.50 millionViewListenView Earnings Details
5/7/2015Q315$0.38($0.11)$378.90 million$314.16 millionViewN/AView Earnings Details
2/4/2015Q215$0.37$0.20$369.56 million$342.90 millionViewN/AView Earnings Details
11/5/2014Q115$0.32$0.22$339.25 million$321.70 millionViewN/AView Earnings Details
9/3/2014Q414$0.36$0.28$354.21 million$344.40 millionViewListenView Earnings Details
5/8/2014Q314$0.34$0.42$343.53 million$381.50 millionViewListenView Earnings Details
2/6/2014Q214$0.27$0.38$245.25 million$311.00 millionViewListenView Earnings Details
11/7/2013Q114$0.25$0.25$238.81 million$226.20 millionViewN/AView Earnings Details
9/3/2013Q4 2013$0.26$0.28$226.63 million$235.60 millionViewN/AView Earnings Details
5/8/2013Q3 2013$0.23$0.25$212.98 million$225.00 millionViewN/AView Earnings Details
2/6/2013Q2 2013$0.24$0.29$213.37 million$221.40 millionViewN/AView Earnings Details
11/8/2012Q113$0.23$0.18$182.41 million$209.60 millionViewN/AView Earnings Details
5/7/2012$0.21$0.19ViewN/AView Earnings Details
11/2/2011$0.17$0.13ViewN/AView Earnings Details
9/7/2011$0.21$0.21ViewN/AView Earnings Details
5/3/2011$0.15$0.18ViewN/AView Earnings Details
2/7/2011$0.17$0.20ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Matrix Service Co (NASDAQ:MTRX)
Current Year EPS Consensus Estimate: $0.91 EPS
Next Year EPS Consensus Estimate: $1.21 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.32$0.43$0.38
Q2 20162$0.44$0.47$0.46
Q4 20161$0.34$0.34$0.34
Q1 20172$0.39$0.39$0.39
Q2 20173$0.26$0.33$0.30
Q3 20172$0.13$0.27$0.20
Q4 20172$0.27$0.27$0.27
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Matrix Service Co (NASDAQ:MTRX)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Matrix Service Co (NASDAQ:MTRX)
Insider Ownership Percentage: 2.50%
Institutional Ownership Percentage: 90.12%
Insider Trades by Quarter for Matrix Service Co (NASDAQ:MTRX)
Institutional Ownership by Quarter for Matrix Service Co (NASDAQ:MTRX)
Insider Trades by Quarter for Matrix Service Co (NASDAQ:MTRX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/27/2016Bradley J. RinehartInsiderSell25,300$22.59$571,527.00View SEC Filing  
12/22/2016Bradley J. RinehartInsiderSell8,072$22.70$183,234.40View SEC Filing  
12/19/2016Kevin S. CavanahVPSell8,164$22.46$183,363.44View SEC Filing  
12/15/2016James P. RyanInsiderSell10,000$21.88$218,800.00View SEC Filing  
11/30/2016James P. RyanInsiderSell10,000$20.94$209,400.00View SEC Filing  
11/18/2016James P RyanInsiderSell10,000$19.59$195,900.00View SEC Filing  
9/30/2016John R HewittCEOSell14,043$18.75$263,306.25View SEC Filing  
9/30/2016Justin D SheetsVPSell2,100$18.71$39,291.00View SEC Filing  
9/23/2016Joseph F. MontalbanoCOOSell19,447$18.12$352,379.64View SEC Filing  
9/16/2016James P RyanInsiderSell5,416$18.30$99,112.80View SEC Filing  
9/12/2016John R. HewittCEOSell15,957$19.02$303,502.14View SEC Filing  
9/12/2016Kevin S. CavanahVPSell2,600$18.97$49,322.00View SEC Filing  
9/9/2016James P RyanInsiderSell2,150$19.01$40,871.50View SEC Filing  
5/12/2016Jim W MoggDirectorBuy10,000$15.15$151,500.00View SEC Filing  
3/31/2016Jason W TurnerInsiderSell2,022$17.79$35,971.38View SEC Filing  
3/11/2016James P RyanInsiderSell5,300$19.00$100,700.00View SEC Filing  
12/4/2015Joseph F MontalbanoCOOSell17,487$22.49$393,282.63View SEC Filing  
12/2/2015James P. RyaninsiderSell7,209$22.53$162,418.77View SEC Filing  
9/18/2015Kevin S. CavanahCFOSell4,000$22.59$90,360.00View SEC Filing  
9/8/2015Joseph F MontalbanoCOOSell5,330$23.89$127,333.70View SEC Filing  
9/2/2015I Edgar HendrixDirectorSell5,000$22.54$112,700.00View SEC Filing  
6/4/2015James Harry MillerDirectorBuy1,500$17.77$26,655.00View SEC Filing  
5/30/2014James P RyanInsiderSell11,000$32.63$358,930.00View SEC Filing  
5/22/2014James RyanInsiderSell7,500$32.97$247,275.00View SEC Filing  
5/20/2014James RyanInsiderSell7,500$32.25$241,875.00View SEC Filing  
5/16/2014James RyanInsiderSell4,700$32.43$152,421.00View SEC Filing  
3/26/2014John HewittCEOSell6,000$34.06$204,360.00View SEC Filing  
3/19/2014Tom MaxwellDirectorSell5,000$34.15$170,750.00View SEC Filing  
3/4/2014Joseph MontalbanoCOOSell5,221$34.00$177,514.00View SEC Filing  
2/28/2014Matthew PetrizzoInsiderSell7,002$32.05$224,414.10View SEC Filing  
2/27/2014Jason TurnerInsiderSell4,374$31.60$138,218.40View SEC Filing  
2/21/2014James RyanInsiderSell15,000$32.15$482,250.00View SEC Filing  
2/19/2014Jason TurnerInsiderSell6,219$32.63$202,925.97View SEC Filing  
2/18/2014Nancy AustinVPSell7,519$31.61$237,675.59View SEC Filing  
2/13/2014I Edgar HendrixDirectorSell3,400$30.00$102,000.00View SEC Filing  
2/13/2014Joseph MontalbanoCOOSell21,709$30.01$651,487.09View SEC Filing  
2/10/2014Kevin CavanahCFOSell5,291$30.35$160,581.85View SEC Filing  
2/10/2014Matthew PetrizzoInsiderSell8,449$30.12$254,483.88View SEC Filing  
2/7/2014Jason TurnerInsiderSell10,000$32.25$322,500.00View SEC Filing  
2/7/2014Joseph MontalbanoCOOSell15,415$31.89$491,584.35View SEC Filing  
9/19/2013Tom MaxwellDirectorSell6,871$17.90$122,990.90View SEC Filing  
6/6/2013James P RyanInsiderSell10,000$16.68$166,800.00View SEC Filing  
5/20/2013Nancy E AustinVPSell4,400$17.81$78,364.00View SEC Filing  
5/14/2013Paul K LackeyDirectorSell5,000$16.85$84,250.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Matrix Service Co (NASDAQ:MTRX)
Latest Headlines for Matrix Service Co (NASDAQ:MTRX)
Source:
DateHeadline
streetinsider.com logoMatrix Service (MTRX) Secures Brownfield Expansion Project at Deer Park, Texas Terminal (NASDAQ:MTRX)
www.streetinsider.com - March 22 at 6:32 AM
us.rd.yahoo.com logoVopak Americas Awards Matrix Service EPC of Brownfield Expansion Project at Deer Park, Texas Terminal (NASDAQ:MTRX)
us.rd.yahoo.com - March 21 at 6:37 PM
finance.yahoo.com logoMYR Group, Inc.: Price momentum supported by strong fundamentals (NASDAQ:MTRX)
finance.yahoo.com - March 13 at 6:23 PM
finance.yahoo.com logoMATRIX SERVICE CO Financials (NASDAQ:MTRX)
finance.yahoo.com - February 16 at 6:18 PM
biz.yahoo.com logoMATRIX SERVICE CO Files SEC form 8-K, Material Modification to Rights of Security Holders, Other Events (NASDAQ:MTRX)
biz.yahoo.com - February 13 at 7:51 PM
seekingalpha.com logoMatrix Service Company - Look Beyond 2017, Pick Up Some Shares For The Long Run (NASDAQ:MTRX)
seekingalpha.com - February 13 at 10:02 AM
finance.yahoo.com logoEdited Transcript of MTRX earnings conference call or presentation 9-Feb-17 3:30pm GMT (NASDAQ:MTRX)
finance.yahoo.com - February 10 at 12:46 AM
seekingalpha.com logoMatrix Service's (MTRX) CEO John Hewitt on Q2 2017 Results - Earnings Call Transcript (NASDAQ:MTRX)
seekingalpha.com - February 9 at 7:44 PM
biz.yahoo.com logoMATRIX SERVICE CO Files SEC form 10-Q, Quarterly Report (NASDAQ:MTRX)
biz.yahoo.com - February 9 at 7:44 PM
globenewswire.com logoMatrix Service Company Reports Second Quarter Results; Revises Fiscal 2017 Guidance - GlobeNewswire (press release) (NASDAQ:MTRX)
globenewswire.com - February 9 at 1:24 AM
biz.yahoo.com logoQ2 2017 Matrix Service Co Earnings Release - After Market Close (NASDAQ:MTRX)
us.rd.yahoo.com - February 8 at 7:36 PM
us.rd.yahoo.com logoMatrix Service Company Reports Second Quarter Results; Revises Fiscal 2017 Guidance (NASDAQ:MTRX)
us.rd.yahoo.com - February 8 at 7:36 PM
us.rd.yahoo.com logo4:14 pm Matrix Service misses by $0.10, misses on revs; lowers FY17 EPS, revs guidance (shares halted) (NASDAQ:MTRX)
us.rd.yahoo.com - February 8 at 7:36 PM
feeds.benzinga.com logoMatrix Service Company Sets Date to Discuss Results for the Second Quarter Ended December 31, 2016 (NASDAQ:MTRX)
feeds.benzinga.com - February 3 at 5:36 PM
biz.yahoo.com logoMATRIX SERVICE CO Files SEC form 8-K, Entry into a Material Definitive Agreement (NASDAQ:MTRX)
biz.yahoo.com - December 16 at 7:22 PM
streetinsider.com logoMatrix Service (MTRX) to Acquire Houston Interests for $46M - StreetInsider.com (NASDAQ:MTRX)
www.streetinsider.com - December 14 at 12:07 AM
finance.yahoo.com logoMatrix Service Company Acquires Houston Interests, LLC, Expanding Process Design, Engineering and Construction Services Expertise (NASDAQ:MTRX)
finance.yahoo.com - December 13 at 7:04 PM
finance.yahoo.com logo4:03 pm Matrix Service acquires Houston Interests in an all cash transaction valued at $46 mln; anticipates the transaction will be modestly accretive to EPS in the balance of this fiscal year (NASDAQ:MTRX)
finance.yahoo.com - December 13 at 7:04 PM

Social

Frequently Asked Questions for Matrix Service Co (NASDAQ:MTRX)

What is Matrix Service Co's stock symbol?

Matrix Service Co trades on the NASDAQ under the ticker symbol "MTRX."

How were Matrix Service Co's earnings last quarter?

Matrix Service Co (NASDAQ:MTRX) released its quarterly earnings results on Wednesday, February, 8th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.10. The company had revenue of $312.70 million for the quarter, compared to analysts' expectations of $324.56 million. Matrix Service Co had a return on equity of 8.78% and a net margin of 2.12%. The business's quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS.

When will Matrix Service Co make its next earnings announcement?

Matrix Service Co is scheduled to release their next quarterly earnings announcement on Tuesday, May, 2nd 2017.

What guidance has Matrix Service Co issued on next quarter's earnings?

Matrix Service Co updated its FY17 earnings guidance on Wednesday, February, 8th. The company provided earnings per share (EPS) guidance of $0.75-1.05 for the period, compared to the Thomson Reuters consensus estimate of $1.24. The company issued revenue guidance of $1.2-1.3 billion, compared to the consensus revenue estimate of $1.36 billion.

Where is Matrix Service Co's stock going? Where will Matrix Service Co's stock price be in 2017?

3 equities research analysts have issued 1-year price objectives for Matrix Service Co's stock. Their predictions range from $20.00 to $27.00. On average, they expect Matrix Service Co's share price to reach $22.33 in the next twelve months.

What are analysts saying about Matrix Service Co stock?

Here are some recent quotes from research analysts about Matrix Service Co stock:

  • 1. According to Zacks Investment Research, "MATRIX SERVICE CO. provides specialized on-site maintenance and construction services for petroleum refining and storage facilities and water storage tanks and systems for the municipal and private industry sector. Owners of these facilities use the Company's services in an effort to improve operating efficiencies and to comply with stringent environmental and safety regulations. Through its subsidiaries Matrix Service, Inc., San Luis Tank Piping Construction Co., Inc., and an affiliated company West Coast Industrial Coatings, Inc., Heath Engineering, Ltd. " (2/17/2017)
  • 2. Avondale Partners analysts commented, "Shares trade at only 4.4x/3.7x our new FY16/17 EBITDA of $72 million/$85 million, a substantial discount to peers and the lowest level since 2011."We don't see an immediate catalyst but investors get an inexpensive name with leverage to a recovery in commodities, optionality on contract wins, a strong current backlog position and exposure to M&A," analyst Daniel Mannes explained.Mannes also noted that the diversified energy/industrial services company gets 70 percent of its revenues from storage solutions and electric businesses and both are poised for growth.Related Link: KeyBanc Downgrades Matrix Service To Sector WeightAlthough the outlook cut was driven by weakness in its oil, gas and chemical (OG&C) unit, the analyst expects the business to record modest profits in 2017.Noting that Matrix maintains a strong balance sheet, Mannes said, "At current valuations MTRX is likely attractive to others as well." (5/6/2016)

Who owns Matrix Service Co stock?

Matrix Service Co's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Royce & Associates LP (7.57%), Dimensional Fund Advisors LP (6.96%), State Street Corp (2.82%), Norges Bank (1.95%), Fiera Capital Corp (1.42%) and First Wilshire Securities Management Inc. (1.25%). Company insiders that own Matrix Service Co stock include Bradley J Rinehart, I Edgar Hendrix, James Harry Miller, James P Ryan, Jason W Turner, Jim W Mogg, John R Hewitt, Joseph F Montalbano, Justin D Sheets and Kevin S Cavanah.

Who sold Matrix Service Co stock? Who is selling Matrix Service Co stock?

Matrix Service Co's stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Two Sigma Investments LP, Fiera Capital Corp, GSA Capital Partners LLP, Menta Capital LLC, First Wilshire Securities Management Inc., Allianz Asset Management AG and Pacific Global Investment Management CO. Company insiders that have sold Matrix Service Co stock in the last year include Bradley J Rinehart, James P Ryan, Jason W Turner, John R Hewitt, Joseph F Montalbano, Justin D Sheets and Kevin S Cavanah.

Who bought Matrix Service Co stock? Who is buying Matrix Service Co stock?

Matrix Service Co's stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Dimensional Fund Advisors LP, Guggenheim Capital LLC, Russell Investments Group Ltd., AQR Capital Management LLC, State Street Corp, Westwood Holdings Group Inc. and State Board of Administration of Florida Retirement System. Company insiders that have bought Matrix Service Co stock in the last two years include James Harry Miller and Jim W Mogg.

How do I buy Matrix Service Co stock?

Shares of Matrix Service Co can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Matrix Service Co stock cost?

One share of Matrix Service Co stock can currently be purchased for approximately $15.40.

Matrix Service Co (MTRX) Chart for Wednesday, March, 22, 2017

This page was last updated on 3/22/2017 by MarketBeat.com Staff