Sidoti Estimates Matrix Service’s Q2 Earnings (NASDAQ:MTRX)

Matrix Service Company (NASDAQ:MTRX) – Equities researchers at Sidoti raised their Q2 2027 earnings per share (EPS) estimates for Matrix Service in a research report issued to clients and investors on Friday, November 6th. Sidoti analyst J. Franzreb now anticipates that the company will post earnings of $0.17 per share for the quarter, up from their prior forecast of $0.15. The consensus estimate for Matrix Service’s current full-year earnings is $0.67 per share. Sidoti also issued estimates for Matrix Service’s Q3 2027 earnings at $0.16 EPS, Q4 2027 earnings at $0.17 EPS, FY2027 earnings at $0.72 EPS, Q1 2028 earnings at $0.18 EPS, Q2 2028 earnings at $0.17 EPS, Q3 2028 earnings at $0.23 EPS, Q4 2028 earnings at $0.20 EPS and FY2028 earnings at $0.78 EPS.

MTRX has been the subject of several other reports. Weiss Ratings lowered Matrix Service from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 30th. Northland Securities set a $16.00 price objective on Matrix Service in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Matrix Service Price Performance

MTRX opened at $9.60 on Monday. The stock has a market capitalization of $271.58 million, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 0.85 and a beta of 1.03. The business has a 50-day moving average of $10.05 and a two-hundred day moving average of $11.67. Matrix Service has a 12 month low of $8.47 and a 12 month high of $14.64.

Matrix Service (NASDAQ:MTRX) last released its earnings results on Wednesday, November 4th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Matrix Service had a return on equity of 10.11% and a net margin of 0.83%. The firm had revenue of $219.40 million during the quarter, compared to analyst estimates of $239.78 million.

Institutional Investors Weigh In On Matrix Service

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Matrix Service in the second quarter valued at approximately $29,311,000. Bank of New York Mellon Corp acquired a new stake in Matrix Service in the second quarter worth approximately $6,266,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Matrix Service during the 2nd quarter valued at $4,047,000. De Lisle Partners LLP bought a new position in Matrix Service during the 2nd quarter valued at $3,544,000. Finally, Algert Global LLC increased its position in shares of Matrix Service by 27.0% during the 2nd quarter. Algert Global LLC now owns 244,585 shares of the company’s stock valued at $3,351,000 after purchasing an additional 52,060 shares during the period. 78.38% of the stock is currently owned by institutional investors.

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.