Matrix Service Co (MTRX) Releases Earnings Results, Beats Expectations By $0.04 EPS

Matrix Service Co (MTRX) reported quarterly earnings results on Tuesday, Aug-30-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.30. The company posted revenue of $359.60 million in the period, compared to analysts expectations of $339.41 million. The company’s revenue was down -1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Matrix Service Co closed down -0.1 points or -0.61% at $16.33 with 2,51,794 shares getting traded on Monday. Post opening the session at $16.36, the shares hit an intraday low of $16.28 and an intraday high of $16.64 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 13, 2016, James Harry Miller (director) purchased 325 shares at $15.10 per share price. According to the SEC, on May 13, 2016, Jim W Mogg (director) purchased 10,000 shares at $15.15 per share price. On Mar 14, 2016, James P Ryan (President, Matrix Service) sold 5,300 shares at $19.00 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.

Matrix Service Co

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