Matrix Service Company (MTRX) EPS Estimated At $0.16

January 14, 2018 - By Nellie Frank

 Matrix Service Company (MTRX) EPS Estimated At $0.16
Investors sentiment increased to 1.2 in Q3 2017. Its up 0.31, from 0.89 in 2017Q2. It improved, as 13 investors sold Matrix Service Company shares while 38 reduced holdings. 20 funds opened positions while 41 raised stakes. 22.74 million shares or 2.68% more from 22.15 million shares in 2017Q2 were reported.
12,010 were reported by Alpine Woods Cap Lc. D E Shaw Inc holds 0.01% in Matrix Service Company (NASDAQ:MTRX) or 475,329 shares. Panagora Asset Mgmt accumulated 0% or 1,656 shares. Geode Capital Mngmt Limited Liability Corp holds 0% of its portfolio in Matrix Service Company (NASDAQ:MTRX) for 244,998 shares. Blackrock Inc accumulated 3.47M shares. Mutual Of America Capital Mgmt Ltd Liability accumulated 80,619 shares. Voya Inv Mngmt Ltd Com invested in 0% or 15,197 shares. Deutsche Savings Bank Ag reported 0% of its portfolio in Matrix Service Company (NASDAQ:MTRX). Jpmorgan Chase accumulated 43,063 shares. Barclays Pcl reported 0% of its portfolio in Matrix Service Company (NASDAQ:MTRX). 46,380 were reported by Bank Of America De. Vanguard Grp owns 1.50M shares. Savings Bank Of Montreal Can holds 0% or 2,170 shares. Ameriprise invested in 0% or 373,997 shares. Morgan Stanley reported 0% of its portfolio in Matrix Service Company (NASDAQ:MTRX).

Since December 15, 2017, it had 0 insider purchases, and 1 sale for $88,275 activity.

Analysts expect Matrix Service Company (NASDAQ:MTRX) to report $0.16 EPS on February, 14.They anticipate $0.04 EPS change or 20.00 % from last quarter’s $0.2 EPS. MTRX’s profit would be $4.28 million giving it 31.17 P/E if the $0.16 EPS is correct. After having $0.14 EPS previously, Matrix Service Company’s analysts see 14.29 % EPS growth. The stock decreased 0.25% or $0.05 during the last trading session, reaching $19.95. About 293,557 shares traded or 12.63% up from the average. Matrix Service Company (NASDAQ:MTRX) has declined 43.23% since January 14, 2017 and is downtrending. It has underperformed by 59.93% the S&P500.

Matrix Service Company (NASDAQ:MTRX) Ratings Coverage

Among 9 analysts covering Matrix Service (NASDAQ:MTRX), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Matrix Service had 14 analyst reports since September 1, 2015 according to SRatingsIntel. The stock has “Mkt Outperform” rating by Avondale on Friday, May 6. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Thursday, February 11 report. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, September 2. The firm has “Market Perform” rating given on Friday, November 18 by Avondale. The firm has “Hold” rating by KeyBanc Capital Markets given on Tuesday, October 3. The company was initiated on Friday, September 18 by DA Davidson. Citigroup upgraded the shares of MTRX in report on Wednesday, January 13 to “Buy” rating. Zacks upgraded the stock to “Sell” rating in Tuesday, September 1 report. On Friday, August 25 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The stock has “Overweight” rating by Barclays Capital on Monday, June 6.

Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, and mining and minerals markets in the United States, Canada, and internationally. The company has market cap of $533.63 million. The company??s Electrical Infrastructure segment offers construction and maintenance services to various power generation facilities, such as combined cycle plants, natural gas fired power stations, and renewable energy installations; and high voltage services comprising the construction of new substations, upgrading existing substations, short-run transmission line installations, distribution upgrades and maintenance, and storm restoration services to investor owned utilities. It currently has negative earnings. The Company’s Oil Gas & Chemical segment provides turnaround, plant maintenance, engineering, and construction services for the downstream and midstream petroleum industries; and hydro blasting, hydro excavating, chemical cleaning, and vacuum services, as well as performs work in the petrochemical, natural gas, gas processing and compression, and upstream petroleum markets.

More news for Matrix Service Company (NASDAQ:MTRX) were recently published by: Fool.com, which released: “Shares of Matrix Service Company Get Hammered by Profit Warning” on April 28, 2017. Seekingalpha.com‘s article titled: “Matrix Service’s (MTRX) CEO John Hewitt on Q1 2018 Results – Earnings Call …” and published on November 07, 2017 is yet another important article.

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