Sidoti Has Pessimistic Outlook of Matrix Service Q1 Earnings

Matrix Service Company (NASDAQ:MTRX) – Research analysts at Sidoti decreased their Q1 2027 earnings per share estimates for shares of Matrix Service in a research note issued on Friday, September 4th. Sidoti analyst J. Franzreb now forecasts that the company will earn $0.11 per share for the quarter, down from their previous estimate of $0.13. The consensus estimate for Matrix Service’s current full-year earnings is $0.69 per share. Sidoti also issued estimates for Matrix Service’s Q4 2027 earnings at $0.19 EPS and Q4 2028 earnings at $0.16 EPS.

A number of other equities analysts have also recently commented on MTRX. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Matrix Service in a research report on Friday, July 17th. Northland Securities set a $16.00 price target on Matrix Service in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Matrix Service currently has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Matrix Service Price Performance

NASDAQ:MTRX opened at $10.62 on Monday. The firm has a market capitalization of $300.44 million, a price-to-earnings ratio of -118.00, a P/E/G ratio of 0.85 and a beta of 0.98. Matrix Service has a 12-month low of $9.70 and a 12-month high of $15.97. The stock’s 50 day moving average price is $11.81 and its two-hundred day moving average price is $12.08.

Matrix Service (NASDAQ:MTRX) last issued its earnings results on Wednesday, September 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Matrix Service had a positive return on equity of 5.32% and a negative net margin of 0.30%.The firm had revenue of $244.53 million for the quarter, compared to analyst estimates of $247.04 million.

Institutional Investors Weigh In On Matrix Service

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTRX. Quarry LP purchased a new position in shares of Matrix Service in the 3rd quarter worth approximately $28,000. BNP Paribas Financial Markets increased its position in shares of Matrix Service by 68.9% during the second quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company’s stock valued at $34,000 after acquiring an additional 1,032 shares during the last quarter. Legal & General Group Plc bought a new stake in Matrix Service during the second quarter worth $38,000. Tower Research Capital LLC TRC boosted its position in Matrix Service by 133.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company’s stock worth $45,000 after purchasing an additional 1,893 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in Matrix Service in the 3rd quarter valued at $67,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

About Matrix Service

Matrix Service Company (NASDAQ: MTRX) is a provider of engineered construction, fabrication and maintenance services to the energy, industrial and power markets. The firm offers a full suite of engineering, procurement and construction (EPC) solutions for clients in the oil and gas, petrochemical, refining, mining, fertilizer and power generation industries. Its capabilities span from front-end engineering design through plant commissioning, with specializations in modular process skid fabrication, structural steel erection and complex piping systems.

The company’s service portfolio includes onshore and offshore pipe fabrication, equipment setting, industrial maintenance and shutdown services, electrical and instrumentation installation, and skid-mount and modular construction.