Brokers Offer Predictions for Matrix Service Q1 Earnings

Matrix Service Company (NASDAQ:MTRX) – Analysts at Northland Securities increased their Q1 2027 EPS estimates for Matrix Service in a research note issued to investors on Friday, September 4th. Northland Securities analyst T. Jackson now expects that the company will post earnings of $0.25 per share for the quarter, up from their previous forecast of $0.23. The consensus estimate for Matrix Service’s current full-year earnings is $0.69 per share. Northland Securities also issued estimates for Matrix Service’s Q2 2027 earnings at $0.19 EPS, Q3 2027 earnings at $0.11 EPS and FY2031 earnings at $0.61 EPS.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Matrix Service in a research report on Friday, July 17th. One 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. Based on data from MarketBeat.com, Matrix Service presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

Matrix Service Stock Performance

Shares of NASDAQ MTRX opened at $10.81 on Monday. Matrix Service has a 52 week low of $9.70 and a 52 week high of $15.97. The business’s 50-day simple moving average is $11.76 and its 200-day simple moving average is $12.08. The firm has a market cap of $305.81 million, a price-to-earnings ratio of -120.11, a P/E/G ratio of 0.85 and a beta of 0.98.

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

Hedge Funds Weigh In On Matrix Service

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its holdings in Matrix Service by 251.1% during the second quarter. California State Teachers Retirement System now owns 5,151 shares of the company’s stock worth $71,000 after acquiring an additional 3,684 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in shares of Matrix Service by 14.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 29,351 shares of the company’s stock worth $402,000 after buying an additional 3,760 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Matrix Service in the 2nd quarter worth about $495,000. Bank of America Corp DE acquired a new stake in shares of Matrix Service in the second quarter valued at approximately $790,000. Finally, Man Group plc bought a new stake in shares of Matrix Service during the 2nd quarter valued at $2,658,000. 78.38% of the stock is owned by institutional investors and hedge funds.

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.