Sidoti Predicts Matrix Service’s Q1 Earnings (NASDAQ:MTRX)

Matrix Service Company (NASDAQ:MTRX) – Analysts at Sidoti decreased their Q1 2027 earnings per share estimates for Matrix Service in a research report issued on Friday, September 4th. Sidoti analyst J. Franzreb now expects that the company will post earnings of $0.11 per share for the quarter, down from their previous forecast 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.

Matrix Service (NASDAQ:MTRX) last released its earnings results on Wednesday, September 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $244.53 million for the quarter, compared to analysts’ expectations of $247.04 million.

Other equities analysts have also issued reports about the company. Northland Securities set a $16.00 price target on Matrix Service in a research note on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Matrix Service in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.50.

Matrix Service Stock Performance

MTRX opened at $10.81 on Monday. The company has a fifty day moving average of $11.76 and a 200 day moving average of $12.08. Matrix Service has a fifty-two week low of $9.70 and a fifty-two week high of $15.97. The stock has a market capitalization of $305.81 million, a price-to-earnings ratio of -120.11, a PEG ratio of 0.85 and a beta of 0.98.

Institutional Trading of Matrix Service

Several hedge funds have recently modified their holdings of the company. Sei Investments Co. grew its stake in Matrix Service by 7.2% during the 2nd quarter. Sei Investments Co. now owns 15,170 shares of the company’s stock worth $205,000 after buying an additional 1,025 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Matrix Service by 68.9% in the second quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company’s stock valued at $34,000 after buying an additional 1,032 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its position in shares of Matrix Service by 4.7% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 37,305 shares of the company’s stock valued at $436,000 after purchasing an additional 1,670 shares during the period. Strs Ohio increased its stake in Matrix Service by 3.8% during the 4th quarter. Strs Ohio now owns 47,000 shares of the company’s stock worth $550,000 after buying an additional 1,700 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Matrix Service by 133.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company’s stock valued at $45,000 after purchasing an additional 1,893 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

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.