Sidoti Analysts Lower Earnings Estimates for Matrix Service

Key Points

• Sidoti lowered Matrix Service’s Q1 2027 EPS forecast to $0.11 from $0.13, while projecting $0.19 EPS for Q4 2027 and $0.16 for Q4 2028.
• Matrix Service’s latest quarterly results fell slightly short of expectations, with EPS of $0.16 versus $0.17 expected and revenue of $244.53 million versus $247.04 million anticipated.
• MTRX opened at $10.62, below its 50-day and 200-day moving averages; analysts maintain a consensus “Moderate Buy” rating with a $16.50 price target, while institutional investors own 78.38% of shares.

Matrix Service Company (NASDAQ:MTRX - Free Report) - Analysts at Sidoti dropped their Q1 2027 earnings estimates for Matrix Service in a report released on Friday, September 4th. Sidoti analyst J. Franzreb now anticipates 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.

Several other analysts also recently weighed in on MTRX. Northland Securities set a $16.00 price target on Matrix Service in a research note on Friday. Weiss Ratings reissued a "sell (d-)" rating on shares of Matrix Service in a 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 given a Sell rating to the company's stock. According to MarketBeat.com, Matrix Service has an average rating of "Moderate Buy" and a consensus price target of $16.50.

Matrix Service Stock Performance

MTRX stock opened at $10.62 on Monday. The firm has a 50 day moving average price of $11.88 and a 200-day moving average price of $12.09. Matrix Service has a 52-week low of $9.70 and a 52-week high of $15.97. The firm has a market capitalization of $300.44 million, a price-to-earnings ratio of -118.00, a PEG ratio of 0.85 and a beta of 0.98.

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

Institutional Investors Weigh In On Matrix Service

Several institutional investors have recently modified their holdings of MTRX. Quarry LP purchased a new position in Matrix Service in the 3rd quarter worth about $28,000. BNP Paribas Financial Markets raised its holdings in shares of Matrix Service by 68.9% during the second quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company's stock valued at $34,000 after purchasing an additional 1,032 shares during the last quarter. Legal & General Group Plc bought a new position in Matrix Service during the second quarter valued at approximately $38,000. Tower Research Capital LLC TRC lifted its position in Matrix Service by 133.9% during the second 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 period. Finally, Aquatic Capital Management LLC purchased a new stake in Matrix Service in the third quarter worth approximately $67,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Matrix Service Company Profile

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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