Matrix Service (MTRX) Earning Somewhat Favorable News Coverage, Study Finds
Media stories about Matrix Service (NASDAQ:MTRX) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Matrix Service earned a news impact score of 0.19 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 47.0717213808095 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several brokerages recently issued reports on MTRX. Zacks Investment Research raised shares of Matrix Service from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a report on Tuesday, November 14th. TheStreet raised shares of Matrix Service from a “d+” rating to a “c-” rating in a report on Monday, October 9th. ValuEngine downgraded shares of Matrix Service from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. KeyCorp reaffirmed a “hold” rating on shares of Matrix Service in a research note on Monday, August 28th. Finally, BidaskClub downgraded shares of Matrix Service from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Matrix Service presently has an average rating of “Hold” and a consensus target price of $18.00.
Matrix Service (NASDAQ:MTRX) opened at $17.45 on Wednesday. Matrix Service has a 12 month low of $7.80 and a 12 month high of $23.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.72 and a current ratio of 1.74.
Matrix Service (NASDAQ:MTRX) last announced its earnings results on Tuesday, November 7th. The oil and gas company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.08. Matrix Service had a negative net margin of 0.51% and a negative return on equity of 1.75%. The company had revenue of $269.91 million during the quarter, compared to the consensus estimate of $290.56 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The company’s revenue was down 21.0% on a year-over-year basis. analysts expect that Matrix Service will post 0.63 EPS for the current fiscal year.
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Matrix Service Company Profile
Matrix 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.
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