NASDAQ:MTRX

Matrix Service - MTRX Stock Forecast, Price & News

$5.88

+0.34 (+6.14%)

(As of 12/2/2022 12:00 AM ET)

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Today's Range: $5.42
▼
$5.88
50-Day Range: $3.46
▼
$5.88
52-Week Range: $3.31
▼
$9.14

Volume: 134,920 shs
Average Volume: 118,920 shs
Market Capitalization: $158.94 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

Matrix Service MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.54% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.26
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 600.00%
From $0.05 to $0.35 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Oils/Energy Sector

45th out of 246 stocks

Construction - Special Trade Contractors Industry

2nd out of 8 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Matrix Service.

5.0

Short Interest

Percentage of Shares Shorted
0.54% of the float of Matrix Service has been sold short.
Short Interest Ratio / Days to Cover
Matrix Service has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Matrix Service has recently decreased by 19.83%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Matrix Service does not currently pay a dividend.
Dividend Growth
Matrix Service does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MTRX.

4.0

News and Social Media Coverage

News Sentiment
Matrix Service has a news sentiment score of 1.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Matrix Service this week, compared to 1 article on an average week.
Search Interest
1 people have searched for MTRX on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Matrix Service to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Matrix Service insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.70% of the stock of Matrix Service is held by insiders.
Percentage Held by Institutions
80.32% of the stock of Matrix Service is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Matrix Service are expected to grow by 600.00% in the coming year, from $0.05 to $0.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Matrix Service is -2.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Matrix Service is -2.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Matrix Service has a P/B Ratio of 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Matrix Service (NASDAQ:MTRX) Stock

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, South Korea, Australia, 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 crude oil refining; processing, fractionating, and marketing of natural gas and natural gas liquids; and offers plant maintenance, turnarounds, engineering, industrial cleaning services, and capital construction service. The Storage and Terminal Solutions segment undertakes work related to aboveground storage tanks and terminals; engineering, fabrication and construction, and maintenance and repair, which include planned and emergency services; and LNG, liquid nitrogen/liquid oxygen, liquid petroleum, hydrogen, and other specialty vessels, which comprise spheres, as well as marine structures, and truck and rail loading/offloading facilities. Its services include engineering, fabrication and construction, and maintenance and repair, including planned and emergency services, as well as 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.

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MTRX Stock News Headlines

December 3, 2022 | americanbankingnews.com

Matrix Service (NASDAQ:MTRX) Short Interest Update

November 12, 2022 | seekingalpha.com

Matrix Service Company (MTRX) Q1 2023 Earnings Call Transcript

November 8, 2022 | finance.yahoo.com

Matrix Service Company Reports First Quarter Fiscal 2023 Results

October 25, 2022 | finance.yahoo.com

Matrix Service Awarded LNG Peak Shaving Upgrade Project for Large Mid-Atlantic Public Utility

October 24, 2022 | finance.yahoo.com

Matrix Service Company Sets Date for Release of Financial Results for the First Quarter of Fiscal 2023

October 17, 2022 | finance.yahoo.com

Matrix Service Company Publishes Fiscal 2022 Sustainability Report

October 7, 2022 | seekingalpha.com

Matrix Service Company (MTRX) Q4 2022 Earnings Call Transcript

October 7, 2022 | msn.com

Recap: Matrix Service Q4 Earnings

October 7, 2022 | finance.yahoo.com

Matrix Service Company Announces Fiscal 2022 Fourth Quarter and Full Year Results

October 3, 2022 | benzinga.com

ScienceSoft positioned as the Leader in the 2022 SPARK Matrix for Healthcare IT Services by Quadrant Knowledge Solutions

September 30, 2022 | finance.yahoo.com

Matrix Service Company Receives Nasdaq Notice on Late Filing of Its Form 10-K

September 30, 2022 | marketwatch.com

DVI Matrix Switcher Market Outlook and Forecast 2022 To 2028 with Top Countries Data

September 29, 2022 | finance.yahoo.com

Matrix Service Company Sets New Date for Release of Financial Results for the Fourth Quarter and Fiscal Year Ended June 30, 2022

September 12, 2022 | finance.yahoo.com

Matrix Service Company to Delay Issuance of Fourth Quarter Earnings and the Filing of Annual Report for the Fiscal Year Ended June 30, 2022

September 11, 2022 | seekingalpha.com

Matrix: A Beaten-Down Industrials Name Reports Monday. More Bearish Action Likely

September 5, 2022 | finance.yahoo.com

Shareholders in Matrix Service (NASDAQ:MTRX) are in the red if they invested three years ago

August 30, 2022 | finance.yahoo.com

Matrix Service Company Sets Date to Discuss Results for the Fourth Quarter and Fiscal Year Ended June 30, 2022

August 20, 2022 | nasdaq.com

With 78% ownership, Matrix Service Company (NASDAQ:MTRX) boasts of strong institutional backing

July 18, 2022 | finance.yahoo.com

Matrix Service Selected by Northrop Grumman for Two Separate Thermal Vacuum Chamber Projects

June 22, 2022 | finance.yahoo.com

Is It Too Late To Consider Buying Matrix Service Company (NASDAQ:MTRX)?

June 7, 2022 | finance.yahoo.com

Quite a few insiders invested in Matrix Service Company (NASDAQ:MTRX) last year which is positive news for shareholders

May 31, 2022 | finance.yahoo.com

Matrix Service Company to Present at Upcoming Sidoti Summer Virtual Small Cap Investor Conference

May 17, 2022 | finance.yahoo.com

Matrix Service Company to Present at Upcoming Stifel 2022 Cross Sector Insight Conference

May 16, 2022 | finance.yahoo.com

Retired Fluor Corporation Executive Jose Bustamante Named to Matrix Service Company Board of Directors

May 10, 2022 | seekingalpha.com

Matrix Service Company (MTRX) CEO John Hewitt on Q3 2022 Results - Earnings Call Transcript

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30 days | 90 days | 365 days | Advanced Chart

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MTRX Company Calendar

Last Earnings: 11/07/2021
Today: 12/04/2022
Next Earnings (Estimated): 2/06/2023
Fiscal Year End: 6/30/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Construction - special trade contractors
Sub-Industry: Oil & Gas Equipment & Services
Sector: Oils/Energy
Current Symbol: NASDAQ:MTRX
CUSIP: 57685310
CIK: 866273
Web: www.matrixservicecompany.com
Phone: (918) 838-8822
Fax: 918-838-8810
Employees: 2,810
Year Founded: 1984

Profitability

EPS (Most Recent Fiscal Year): ($1.97)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 117.60
P/E Growth: N/A
Net Income: $-63,900,000.00
Net Margins: -7.07%
Pretax Margin: -5.61%
Return on Equity: -18.34%
Return on Assets: -9.76%

Debt

Debt-to-Equity Ratio: 0.07
Current Ratio: 1.69
Quick Ratio: 1.63

Sales & Book Value

Annual Sales: $707.78 million
Price / Sales: 0.22
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $8.19 per share
Price / Book: 0.72

Miscellaneous

Outstanding Shares: 27,030,000
Free Float: 26,027,000
Market Cap: $158.94 million
Optionable: Optionable
Beta: 1.68

Social Links

Key Executives

Mr. John R. Hewitt (Age 64)
CEO, Pres & Director
Comp: $829.22k

Mr. Kevin S. Cavanah (Age 58)
VP, CFO & Treasurer
Comp: $491.93k

Mr. Alan R. Updyke (Age 62)
Chief Operating Officer
Comp: $525.06k

Mr. Glyn A. Rodgers (Age 64)
Pres of Matrix PDM Engineering
Comp: $395.5k

Mr. Rick J. Bennett (Age 58)
Chief Information Officer & VP

Ms. Nancy E. Austin-Downs (Age 55)
Chief Admin. Officer & VP

Kellie Smythe
Sr. Director of Investor Relations

Mr. Justin D. Sheets (Age 44)
VP, Gen. Counsel, Corp. Compliance Officer & Sec.

Ms. Melissa K. Gilliland
VP of HR

Mr. Joseph F. Montalbano (Age 73)
Consultant

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MTRX Stock - Frequently Asked Questions

Should I buy or sell Matrix Service stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matrix Service in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MTRX shares.
View MTRX analyst ratings or view top-rated stocks.
How have MTRX shares performed in 2022?: Matrix Service's stock was trading at $7.52 at the beginning of 2022. Since then, MTRX shares have decreased by 21.8% and is now trading at $5.88.
View the best growth stocks for 2022 here.
Are investors shorting Matrix Service?: Matrix Service saw a drop in short interest in November. As of November 15th, there was short interest totaling 138,300 shares, a drop of 19.8% from the October 31st total of 172,500 shares. Based on an average daily volume of 111,800 shares, the short-interest ratio is presently 1.2 days. Currently, 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, February 6th 2023.
View our MTRX earnings forecast.
How were Matrix Service's earnings last quarter?: Matrix Service (NASDAQ:MTRX) posted its earnings results on Sunday, November, 7th. The oil and gas company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.22) by $0.38. The oil and gas company had revenue of $168.09 million for the quarter. Matrix Service had a negative trailing twelve-month return on equity of 18.34% and a negative net margin of 7.07%. During the same quarter in the previous year, the company earned ($0.12) EPS.
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 CA (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).
What is Matrix Service's stock symbol?: Matrix Service trades on the NASDAQ under the ticker symbol "MTRX."
Who are Matrix Service's major shareholders?: Matrix Service's stock is owned by a variety of retail and institutional investors. Top institutional investors include First Wilshire Securities Management Inc. (7.27%), Dimensional Fund Advisors LP (5.33%), Royce & Associates LP (4.84%), BlackRock Inc. (4.44%), Bank of New York Mellon Corp (4.40%) and Vanguard Group Inc. (4.20%). Insiders that own company stock include James Harry Miller, John D Chandler, John R Hewitt, Justin D Sheets, Kevin A Durkin, Kevin S Cavanah and Nancy E Austin.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Matrix Service's stock price today?: One share of MTRX stock can currently be purchased for approximately $5.88.
How much money does Matrix Service make?: Matrix Service (NASDAQ:MTRX) has a market capitalization of $158.94 million and generates $707.78 million in revenue each year. The oil and gas company earns $-63,900,000.00 in net income (profit) each year or ($1.97) on an earnings per share basis.
How many employees does Matrix Service have?: The company employs 2,810 workers across the globe.
Does Matrix Service have any subsidiaries?: The following companies are subsidiares of Matrix Service: Devco USA LLC, Houston Dynamics LLC, Houston Interests, Houston Interests LLC, MSI Federal Contracting LLC, Matrix Applied Technologies Inc., Matrix Applied Technologies 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 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, Matrix Specialized Transport Inc., Matrix-SJC LLC, Mobile Aquatic Solutions Inc., River Consulting LLC, River Food Services LLC, and S&R Technical Services Inc..
Read More
How can I contact Matrix Service?: Matrix Service's mailing address is 5100 EAST SKELLY DRIVE SUITE 500, TULSA OK, 74135. The official website for the company is www.matrixservicecompany.com. The oil and gas company can be reached via phone at (918) 838-8822, via email at ir@matrixservicecompany.com, or via fax at 918-838-8810.

This page (NASDAQ:MTRX) was last updated on 12/4/2022 by MarketBeat.com Staff

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