Q3 EPS Forecast for Matrix Service Lifted by Analyst

Matrix Service Company (NASDAQ:MTRX) – Northland Securities upped their Q3 2027 earnings per share (EPS) estimates for shares of Matrix Service in a report issued on Friday, November 6th. Northland Securities analyst T. Jackson now forecasts that the company will post earnings of $0.18 per share for the quarter, up from their prior estimate of $0.11. The consensus estimate for Matrix Service’s current full-year earnings is $0.67 per share. Northland Securities also issued estimates for Matrix Service’s Q4 2027 earnings at $0.11 EPS, FY2027 earnings at $0.68 EPS, FY2028 earnings at $0.61 EPS, FY2029 earnings at $0.67 EPS and FY2030 earnings at $0.73 EPS.

Separately, Weiss Ratings downgraded shares of Matrix Service from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Matrix Service Stock Performance

NASDAQ:MTRX opened at $9.23 on Wednesday. Matrix Service has a fifty-two week low of $8.47 and a fifty-two week high of $14.64. The company has a 50 day simple moving average of $10.02 and a two-hundred day simple moving average of $11.65. The company has a market capitalization of $259.09 million, a PE ratio of 19.20, a P/E/G ratio of 0.80 and a beta of 1.03.

Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $219.40 million during the quarter, compared to the consensus estimate of $239.78 million. Matrix Service had a return on equity of 9.98% and a net margin of 0.83%.

Institutional Investors Weigh In On Matrix Service

A number of hedge funds have recently added to or reduced their stakes in the business. Boston Partners lifted its stake in Matrix Service by 6.5% in the third quarter. Boston Partners now owns 41,515 shares of the company’s stock valued at $397,000 after buying an additional 2,521 shares during the period. Diversified Trust Co boosted its holdings in shares of Matrix Service by 33.4% during the 3rd quarter. Diversified Trust Co now owns 15,037 shares of the company’s stock worth $144,000 after buying an additional 3,762 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Matrix Service by 6.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 284,153 shares of the company’s stock worth $2,719,000 after buying an additional 17,667 shares during the period. Verus Capital Partners LLC grew its position in shares of Matrix Service by 52.4% during the 3rd quarter. Verus Capital Partners LLC now owns 79,500 shares of the company’s stock worth $761,000 after buying an additional 27,325 shares during the period. Finally, Bridge City Capital LLC grew its position in shares of Matrix Service by 43.3% during the 3rd quarter. Bridge City Capital LLC now owns 28,978 shares of the company’s stock worth $277,000 after buying an additional 8,755 shares during the period. 78.38% of the stock is currently owned by institutional investors.

More Matrix Service News

Here are the key news stories impacting Matrix Service this week:

• Positive Sentiment: Northland increased its 2027 estimates: Q3 EPS rose to $0.18 from $0.11, Q4 to $0.11 from $0.06, and full-year EPS to $0.68 from $0.61. The FY2027 estimate is slightly above the cited $0.67 consensus for the current year. Matrix Service coverage
• Positive Sentiment: Northland also raised its longer-term EPS forecasts: FY2028 to $0.61 from $0.50, FY2029 to $0.67 from $0.55, FY2030 to $0.73 from $0.59, and FY2031 to $0.75 from $0.61. Broad-based upward revisions may improve investor expectations for future profitability. Matrix Service coverage
• Neutral Sentiment: A short-interest update reported zero shares short and a zero-day days-to-cover ratio, despite describing short interest as having increased. The figures appear inconsistent, so the report offers little clear signal about positioning. Matrix Service coverage
• Negative Sentiment: Northland trimmed its Q2 2027 EPS forecast slightly, to $0.18 from $0.19, a small offset to its other estimate increases. Matrix Service coverage

About Matrix Service

Matrix Service Company (NASDAQ:MTRX) is an engineering, construction, and maintenance services provider serving the energy and industrial markets. Based in Tulsa, Oklahoma, the company supports the development, operation, and maintenance of critical infrastructure for customers across North America. Through its operating businesses, Matrix Service provides engineering, procurement, fabrication, construction, commissioning, maintenance, and repair services. Its capabilities include aboveground storage tanks, terminals, pipelines, process facilities, power infrastructure, and other energy-related assets.