News stories about Matrix Service (NASDAQ:MTRX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. 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 coverage optimism score of 0.09 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 47.0460637817108 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Brokers Set Expectations for Matrix Service Company’s Q1 2018 Earnings (MTRX) (americanbankingnews.com)
- Matrix Service Co (MTRX) Files 10-K for the Fiscal Year Ended on June 30, 2017 (finance.yahoo.com)
- Matrix Service’s (MTRX) CEO John Hewitt on Q4 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Edited Transcript of MTRX earnings conference call or presentation 7-Sep-17 2:30pm GMT (finance.yahoo.com)
- Matrix Service Company Announces Fiscal 2017 Results; Provides Fiscal 2018 Guidance (finance.yahoo.com)
A number of research analysts have commented on the stock. ValuEngine lowered shares of Matrix Service from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Matrix Service from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. KeyCorp restated a “hold” rating on shares of Matrix Service in a research note on Monday, August 28th. Stephens restated a “hold” rating on shares of Matrix Service in a research note on Monday, May 15th. Finally, Zacks Investment Research lowered shares of Matrix Service from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Matrix Service has a consensus rating of “Hold”.
Shares of Matrix Service (NASDAQ:MTRX) traded up 1.05% on Tuesday, hitting $14.45. 353,765 shares of the stock were exchanged. Matrix Service has a one year low of $7.80 and a one year high of $23.45. The firm has a market cap of $384.37 million, a price-to-earnings ratio of 38.95 and a beta of 0.70. The firm’s 50 day moving average price is $10.69 and its 200 day moving average price is $11.80.
Matrix Service (NASDAQ:MTRX) last posted its earnings results on Wednesday, September 6th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Matrix Service had a negative return on equity of 0.06% and a negative net margin of 0.02%. The business had revenue of $291.84 million for the quarter, compared to the consensus estimate of $281.82 million. During the same period in the previous year, the company posted $0.34 earnings per share. Matrix Service’s revenue for the quarter was down 18.9% compared to the same quarter last year. Equities analysts anticipate that Matrix Service will post $0.60 earnings per share for the current year.
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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