Brokers Issue Forecasts for Matrix Service FY2027 Earnings

Key Points

• Northland Securities lowered Matrix Service’s FY2027 EPS forecast to $0.61 from $0.81, below the current consensus estimate of $0.69. The firm projects EPS of $0.50 to $0.59 for FY2028–FY2030.
• Matrix Service’s latest quarterly results slightly missed expectations, with EPS of $0.16 versus the $0.17 consensus and revenue of $244.53 million versus estimates of $247.04 million.
• The stock opened at $10.81 and has a consensus rating of “Moderate Buy” with a $16.50 target price, despite Weiss Ratings maintaining a “sell (D-)” rating. Institutional investors own 78.38% of the shares.

Matrix Service Company (NASDAQ:MTRX - Free Report) - Northland Securities lowered their FY2027 EPS estimates for shares of Matrix Service in a research note issued on Friday, September 4th. Northland Securities analyst T. Jackson now expects that the company will earn $0.61 per share for the year, down from their prior estimate of $0.81. 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 Q4 2027 earnings at $0.06 EPS, FY2028 earnings at $0.50 EPS, FY2029 earnings at $0.55 EPS and FY2030 earnings at $0.59 EPS.

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Matrix Service in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.50.

Matrix Service Stock Performance

NASDAQ:MTRX opened at $10.81 on Wednesday. Matrix Service has a one year low of $9.70 and a one year high of $15.97. The stock has a market cap of $305.81 million, a PE ratio of -120.11, a P/E/G ratio of 0.85 and a beta of 0.98. The stock has a 50 day moving average price of $11.76 and a 200 day moving average price of $12.08.

Matrix Service (NASDAQ:MTRX - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company 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%.

Institutional Trading of Matrix Service

A number of hedge funds and other institutional investors have recently modified their holdings of MTRX. Bank of New York Mellon Corp acquired a new position in Matrix Service in the second quarter valued at about $6,266,000. BlackRock Inc. purchased a new stake in shares of Matrix Service in the 2nd quarter valued at approximately $29,311,000. De Lisle Partners LLP acquired a new position in shares of Matrix Service in the 2nd quarter worth approximately $3,544,000. Man Group plc purchased a new position in shares of Matrix Service during the 2nd quarter worth approximately $2,658,000. Finally, GSA Capital Partners LLP acquired a new stake in Matrix Service in the 2nd quarter valued at approximately $2,497,000. 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.

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