Which analyst expects Matrix Service Company (MTRX) to perform well in the near future?

As of close of business last night, Matrix Service Company’s stock clocked out at 5.84, up 1.21% from its previous closing price of $5.77. In other words, the price has increased by $+0.07 from its previous closing price. On the day, 90357 shares were traded. MTRX reached its highest trading level at $5.92 during the session, while it also had its lowest trading level at $5.73.

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To gain a deeper understanding of MTRX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

On February 06, 2020, Sidoti Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $20.

DA Davidson Upgraded its Neutral to Buy on August 07, 2019, while the target price for the stock was maintained at $25.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 14 when DURKIN KEVIN A bought 7,800 shares for $6.36 per share. The transaction valued at 49,635 led to the insider holds 65,458 shares of the business.

HEWITT JOHN R bought 5,000 shares of MTRX for $35,100 on Dec 23. The President & CEO now owns 391,979 shares after completing the transaction at $7.02 per share. On Dec 22, another insider, HEWITT JOHN R, who serves as the President & CEO of the company, bought 10,000 shares for $6.97 each. As a result, the insider paid 69,740 and bolstered with 386,979 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 0.73.

Stock Price History:

Over the past 52 weeks, MTRX has reached a high of $11.76, while it has fallen to a 52-week low of $4.24. The 50-Day Moving Average of the stock is 5.39, while the 200-Day Moving Average is calculated to be 7.12.

Shares Statistics:

It appears that MTRX traded 366.00K shares on average per day over the past three months and 110.17k shares per day over the past ten days. A total of 26.78M shares are outstanding, with a floating share count of 25.96M. Insiders hold about 0.50% of the company’s shares, while institutions hold 86.80% stake in the company. Shares short for MTRX as of Jul 14, 2022 were 336.32k with a Short Ratio of 1.07, compared to 1.1M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.26% and a Short% of Float of 1.55%.

Earnings Estimates

As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $-0.3 for the current quarter, with a high estimate of $-0.19 and a low estimate of $-0.42, while EPS last year was $-0.4. The consensus estimate for the next quarter is $-0.23, with high estimates of $-0.14 and low estimates of $-0.32.

Analysts are recommending an EPS of between $-1.67 and $-1.9 for the fiscal current year, implying an average EPS of $-1.78. EPS for the following year is $-0.07, with 2 analysts recommending between $-0.03 and $-0.11.

Revenue Estimates

In the current quarter, 2 analysts expect revenue to total $181.84M. It ranges from a high estimate of $185M to a low estimate of $178.69M. As of the current estimate, Matrix Service Company’s year-ago sales were $174.9M, an estimated increase of 4.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $187.91M, an increase of 9.10% over than the figure of $4.00% in the same quarter last year. There is a high estimate of $190.82M for the next quarter, whereas the lowest estimate is $185M.

A total of 2 analysts have provided revenue estimates for MTRX’s current fiscal year. The highest revenue estimate was $693.06M, while the lowest revenue estimate was $685.7M, resulting in an average revenue estimate of $689.38M. In the same quarter a year ago, actual revenue was $673.4M, up 2.40% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $786.2M in the next fiscal year. The high estimate is $802.4M and the low estimate is $770M. The average revenue growth estimate for next year is up 14.00% from the average revenue estimate for this year.