• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 507204 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1414274115 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1414274115 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Earnings Flashback: Since Reporting Quarterly Results 2 Weeks Ago Matrix Service Is Up 10.2% (MTRX)

Published on Sat, 05/25/2013 - 08:34
By Peter Chu

When Matrix Service (NASDAQ:MTRX) reported earnings two weeks ago on May 8th, 2013, analysts, on average, expected the company to report earnings of $0.23 on sales of $212.6 million. The company actually reported EPS of $0.25 on sales of $226.0 million, beating EPS estimates by $0.02 and beating revenue estimates by $13.4 million. Shares of Matrix Service have climbed from $14.74 to $16.25, representing a gain of 10.2% since the company reported earnings 17 days ago.

Matrix Service (NASDAQ:MTRX) has potential upside of 20.0% based on a current price of $16.25 and analysts' consensus price target of $19.50. The stock should find initial support at its 50-day moving average (MA) of $15.31 and further support at its 200-day MA of $12.95.

Matrix Service Company provides specialized on-site maintenance and construction services for petroleum refining and storage facilities, as well as water storage facilities for the private industry sector. The Company's services include the maintenance, inspection, design, repair, and construction of aboveground storage tanks.

In the past 52 weeks, Matrix Service share prices have been bracketed by a low of $7.34 and a high of $17.93 and closed Thursday at $16.25, 121% above that low price. The 200-day and 50-day moving averages have moved 1.27% higher and 0.61% higher over the past week, respectively.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Shares of Travelers Rise Above Previous ...

Shares of Travelers (NYSE:TRV) traded today at $97.70, breaking its 52-week high. Appr ...

Shares of Transglobe Energy Fall to a Ne...

Transglobe Energy (NASDAQ:TGA) traded today at a new 52-week low of $4.66. So far toda ...

Shares of Teleflex Have Risen Above Prev...

Shares of Teleflex (NYSE:TFX) traded today at $111.56, breaking its 52-week high. Appr ...

Southwest Gas: 52-Week High Recently Ecl...

Southwest Gas (NYSE:SWX) traded today at a new 52-week high of $56.15. So far today ap ...

Shares of Southwestern Energy Have Falle...

Shares of Southwestern Energy (NYSE:SWN) traded at a new 52-week low today of $31.28. ...

Shares of Sovran Self Storage Rise to a ...

Shares of Sovran Self Storage (NYSE:SSS) traded today at $82.98, breaking its 52-week h ...

Recent 52-Week High Exceeded in Shares o...

Sonic (NASDAQ:SONC) traded at a new 52-week high today of $24.92. So far today approxi ...

Super Micro Computer: The Winning Streak...

Super Micro Computer (NASDAQ:SMCI) traded today at a new 52-week high of $31.00. This ...