Matrix Service Co (MTRX) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.16 earnings per share for the quarter, missing the analyst consensus estimate by $-0.12. Analysts had a consensus of $0.28. The company posted revenue of $309.40 million in the period, compared to analysts expectations of $317.40 million. The company’s revenue was down -1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.
Many Wall Street Analysts have commented on Matrix Service Co. Matrix Service Co was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Feb 11, 2016.
Matrix Service Co opened for trading at $18.84 and hit $19.23 on the upside on Monday, eventually ending the session at $18.95, with a gain of 0.58% or 0.11 points. The heightened volatility saw the trading volume jump to 1,09,422 shares. Company has a market cap of $510 M.
In a different news, on Mar 14, 2016, James P Ryan (President, Matrix Service) sold 5,300 shares at $19.00 per share price. According to the SEC, on Dec 7, 2015, Joseph F Montalbano (Chief Operating Officer) sold 17,487 shares at $22.49 per share price. On Sep 21, 2015, Kevin S Cavanah (VP Finance & CFO) sold 4,000 shares at $22.59 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Electrical Infrastructure segment primarily provides construction and maintenance services to a range of power generation facilities such as combined cycle plants and renewable energy installations. The Oil Gas & Chemical segment includes its traditional turnaround activities plant maintenance services and construction in the downstream petroleum industry. Its Storage Solutions segment includes new construction of crude and refined products aboveground storage tanks (ASTs) as well as maintenance services. The Industrial segment includes construction and maintenance work in the iron and steel and mining and minerals industries bulk material handling and fertilizer production facilities as well as work for clients in other industrial markets.