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 .

What is Matrix Service's stock price target for 2024?

1 Wall Street research analysts have issued 12-month target prices for Matrix Service's stock. Their MTRX share price targets range from $15.00 to $15.00. On average, they expect the company's share price to reach $15.00 in the next year. This suggests a possible upside of 30.0% from the stock's current price. View analysts price targets for MTRX or view top-rated stocks among Wall Street analysts .

How have MTRX shares performed in 2024?

Matrix Service's stock was trading at $9.78 at the start of the year. Since then, MTRX shares have increased by 18.0% and is now trading at $11.54. View the best growth stocks for 2024 here .

Are investors shorting Matrix Service?

Matrix Service saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 272,000 shares, an increase of 107.2% from the March 15th total of 131,300 shares. Based on an average daily trading volume, of 217,600 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.1% of the company's shares are sold short. 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, May 13th 2024. View our MTRX earnings forecast .

How were Matrix Service's earnings last quarter?

Matrix Service (NASDAQ:MTRX) issued its quarterly earnings results on Wednesday, February, 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by $0.08. The company earned $175.04 million during the quarter, compared to analyst estimates of $195.27 million. Matrix Service had a negative trailing twelve-month return on equity of 12.50% and a negative net margin of 2.49%.

What ETF holds Matrix Service's stock?

ARK Israel Innovative Technology ETF holds 115,561 shares of MTRX stock, representing 2.36% of its portfolio.

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 Xtrackers California Municipal Bond ETF (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) .

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Matrix Service have any subsidiaries?

The following companies are subsidiares of Matrix Service: Baillie Tank Equipment Pty Ltd., Devco USA LLC , HDB Ltd, Houston Dynamics LLC , Houston Interests, Kvaerner, MSI Federal Contracting LLC , Matrix Applied Technologies FZ-LLC , Matrix Applied Technologies Inc. , Matrix Applied Technologies Ltd. , Matrix Applied Technologies Pte 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 Engineering Ltd. , 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 , Mobile Aquatic Solutions Inc., Pelichem Industrial Cleaning Services, and River Consulting LLC . Read More

NASDAQ:MTRX

Matrix Service (MTRX) Stock Price, News & Analysis

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$11.56

-0.19 (-1.62%)

(As of 04/18/2024 ET)

Compare

Today's Range: $11.51
▼
$12.00
50-Day Range: $11.34
▼
$13.37
52-Week Range: $4.74
▼
$13.90

Volume: 170,622 shs
Average Volume: 214,714 shs
Market Capitalization: $315.59 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $15.00

Get Matrix Service alerts:

Matrix Service MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 30.0% Upside
$15.00 Price Target
Short Interest: Healthy
1.05% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.86
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Selling Shares
$233,354 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.35) to $0.85 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.55 out of 5 stars

Oils/Energy Sector

76th out of 234 stocks

Construction - Special Trade Contractors Industry

3rd out of 8 stocks

3.5

Analyst's Opinion

Consensus Rating
Matrix Service has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Matrix Service has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.05% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Matrix Service has recently increased by 107.16%, indicating that investor sentiment is decreasing 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.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Matrix Service has received a 42.58% net impact score from Upright. Matrix Service seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Power plant maintenance engineering services", "Power plant safety engineering", and "Energy storage engineering" products. See details.
Environmental Sustainability
The Environmental Impact score for Matrix Service is -0.86.

0.0

News and Social Media Coverage

Search Interest
Only 3 people have searched for MTRX on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Matrix Service insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $233,354.00 in company stock.
Percentage Held by Insiders
Only 3.70% of the stock of Matrix Service is held by insiders.
Percentage Held by Institutions
78.38% of the stock of Matrix Service is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Matrix Service are expected to grow in the coming year, from ($0.35) to $0.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Matrix Service is -16.49, 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 -16.49, 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 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Matrix Service Stock (NASDAQ:MTRX)

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, 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 refining and processing of crude oil; fractionating and marketing of natural, gas and natural gas liquids; and offers plant maintenance, turnarounds, engineering, industrial cleaning services, and capital construction services. The Storage and Terminal Solutions segment undertakes work related to aboveground crude oil and refined product storage tanks and terminals; engineering, procurement, fabrication, and construction services related to cryogenic and other specialty tanks and terminals for LNG, NGLs, hydrogen, ammonia, propane, butane, liquid nitrogen/liquid oxygen, and liquid petroleum; and provides plant work, truck and rail loading/offloading facilities, and marine structures, as well as storage tank and terminal maintenance and repair. This segment also manufactures and sells precision engineered specialty tank products, including 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.

MTRX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MTRX Stock News Headlines

March 26, 2024 | insidertrades.com

Kevin A. Durkin Sells 3,900 Shares of Matrix Service (NASDAQ:MTRX) Stock

March 24, 2024 | insidertrades.com

Matrix Service (NASDAQ:MTRX) CEO Sells $132,500.00 in Stock

April 18, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 9, 2024 | americanbankingnews.com

Matrix Service (NASDAQ:MTRX) Stock Passes Above 200 Day Moving Average of $11.12

April 8, 2024 | msn.com

The Matrix 5 And Mufasa: The Lion King Are Dire Reminders To Let The Past Die

April 5, 2024 | msn.com

The Matrix 5 announced by Warner Bros but will Keanu Reeves and Carrie Anne-Moss return?

April 5, 2024 | msn.com

Matrix 5 announcement prompts fans' divided reactions

April 5, 2024 | yahoo.com

Fans Outraged by News of New Matrix Film

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 31, 2024 | msn.com

The movies went soft on AI. 'The Matrix' reminds us why it's so dangerous

March 22, 2024 | finance.yahoo.com

Matrix Service's (NASDAQ:MTRX) investors will be pleased with their solid 165% return over the last year

March 21, 2024 | finance.yahoo.com

Matrix Service Co (MTRX) President & CEO John Hewitt Sells 10,000 Shares

March 19, 2024 | globenewswire.com

Matrix Service Company Announces Strategic Relationship With Geldof to Provide Total EPC Solutions For Ammonia Storage Across Europe

March 5, 2024 | globenewswire.com

Matrix Service Company Receives Award From Long-Standing Client for Multiple Storage Tanks on the West Coast

February 28, 2024 | globenewswire.com

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

February 12, 2024 | msn.com

Matrix Service (MTRX) Is a Great Choice for 'Trend' Investors, Here's Why

February 10, 2024 | finance.yahoo.com

Matrix Service Company (NASDAQ:MTRX) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

February 9, 2024 | benzinga.com

Matrix Service Stock (NASDAQ:MTRX) Earnings Dates and Earning Calls

February 9, 2024 | finance.yahoo.com

Matrix Service Company (NASDAQ:MTRX) Q2 2024 Earnings Call Transcript

February 9, 2024 | finance.yahoo.com

At US$11.34, Is Matrix Service Company (NASDAQ:MTRX) Worth Looking At Closely?

February 9, 2024 | finance.yahoo.com

Q2 2024 Matrix Service Co Earnings Call

February 8, 2024 | marketwatch.com

Matrix Service Shares Climb on All-Time High Backlog

February 7, 2024 | benzinga.com

Recap: Matrix Service Q2 Earnings

February 7, 2024 | finance.yahoo.com

Matrix Service Company Reports Second Quarter Fiscal 2024 Results

February 7, 2024 | finance.yahoo.com

Matrix Service Co (MTRX) Reports Increased Backlog and Revenue in Q2 Fiscal 2024

February 6, 2024 | markets.businessinsider.com

Matrix Service is about to announce earnings — here's what Wall Street expects

February 1, 2024 | finance.yahoo.com

Chuck Royce Adjusts Position in Matrix Service Co

See More Headlines

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Company Calendar

Last Earnings: 2/07/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Oils/Energy
Industry: Construction - special trade contractors
Sub-Industry: Construction & Engineering
Current Symbol: NASDAQ:MTRX
CUSIP: 57685310
CIK: 866273
Web: www.matrixservicecompany.com
Phone: (918) 838-8822
Fax: 918-838-8810
Employees: 2,545
Year Founded: 1984

Price Target and Rating

Average Stock Price Target: $15.00
High Stock Price Target: $15.00
Low Stock Price Target: $15.00
Potential Upside/Downside: +25.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.70)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-52,360,000.00
Net Margins: -2.49%
Pretax Margin: -2.54%
Return on Equity: -12.50%
Return on Assets: -5.57%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.30
Quick Ratio: 1.26

Sales & Book Value

Annual Sales: $795.02 million
Price / Sales: 0.41
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $6.71 per share
Price / Book: 1.78

Miscellaneous

Outstanding Shares: 27,300,000
Free Float: 26,290,000
Market Cap: $326.51 million
Optionable: Optionable
Beta: 1.23

Social Links

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Key Executives

Mr. John R. Hewitt (Age 66)
CEO, President & Director
Comp: $836.85k
Mr. Kevin S. Cavanah (Age 60)
VP, CFO & Treasurer
Comp: $499.31k
Mr. Alan R. Updyke (Age 63)
VP, COO & Interim President of Matrix NAC
Comp: $532.58k
Mr. Glyn A. Rodgers (Age 66)
President of Matrix PDM Engineering
Comp: $401.39k
Mr. Shawn P. Payne (Age 52)
President of Matrix Service Inc
Comp: $416.42k
Ms. Nancy E. Austin-Downs (Age 57)
Chief Administrative Officer & VP
Kellie Smythe
Senior Director of Investor Relations
Mr. Justin D. Sheets (Age 46)
VP, General Counsel, Corporate Compliance Officer & Secretary
Ms. Melissa K. Gilliland
Vice President of Human Resources
Mr. Kevin A. Durkin (Age 62)
VP and Chief Business Development & Strategy Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MTRX Stock Analysis - 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.
What is Matrix Service's stock price target for 2024?: 1 Wall Street research analysts have issued 12-month target prices for Matrix Service's stock. Their MTRX share price targets range from $15.00 to $15.00. On average, they expect the company's share price to reach $15.00 in the next year. This suggests a possible upside of 30.0% from the stock's current price.
View analysts price targets for MTRX or view top-rated stocks among Wall Street analysts.
How have MTRX shares performed in 2024?: Matrix Service's stock was trading at $9.78 at the start of the year. Since then, MTRX shares have increased by 18.0% and is now trading at $11.54.
View the best growth stocks for 2024 here.
Are investors shorting Matrix Service?: Matrix Service saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 272,000 shares, an increase of 107.2% from the March 15th total of 131,300 shares. Based on an average daily trading volume, of 217,600 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.1% of the company's shares are sold short.
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, May 13th 2024.
View our MTRX earnings forecast.
How were Matrix Service's earnings last quarter?: Matrix Service (NASDAQ:MTRX) issued its quarterly earnings results on Wednesday, February, 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by $0.08. The company earned $175.04 million during the quarter, compared to analyst estimates of $195.27 million. Matrix Service had a negative trailing twelve-month return on equity of 12.50% and a negative net margin of 2.49%.

What ETF holds Matrix Service's stock?: ARK Israel Innovative Technology ETF holds 115,561 shares of MTRX stock, representing 2.36% of its portfolio.
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 Xtrackers California Municipal Bond ETF (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).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Matrix Service have any subsidiaries?: The following companies are subsidiares of Matrix Service: Baillie Tank Equipment Pty Ltd., Devco USA LLC , HDB Ltd, Houston Dynamics LLC , Houston Interests, Kvaerner, MSI Federal Contracting LLC , Matrix Applied Technologies FZ-LLC , Matrix Applied Technologies Inc. , Matrix Applied Technologies Ltd. , Matrix Applied Technologies Pte 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 Engineering Ltd. , 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 , Mobile Aquatic Solutions Inc., Pelichem Industrial Cleaning Services, and River Consulting LLC .
Read More

This page (NASDAQ:MTRX) was last updated on 4/18/2024 by MarketBeat.com Staff

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Matrix Service (MTRX) Stock Price, News & Analysis

Matrix Service MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

Search Interest

Company Ownership

Earnings and Valuation

About Matrix Service Stock (NASDAQ:MTRX)

MTRX Stock Price History

MTRX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

MTRX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™