Sidoti Brokers Boost Earnings Estimates for Matrix Service

Key Points

• Sidoti raised its Q2 2027 EPS estimate for Matrix Service to $0.17 from $0.15, and forecasts full-year 2027 EPS of $0.72 and 2028 EPS of $0.78.
• Matrix Service reported quarterly EPS of $0.23, beating the $0.18 consensus estimate, but revenue of $219.4 million fell short of the $239.78 million forecast.
• Analysts’ consensus rating is Moderate Buy, with a consensus price target of $16.50; opinions range from Strong Buy to Sell.

Matrix Service Company (NASDAQ:MTRX - Free Report) - Equities researchers at Sidoti lifted their Q2 2027 earnings estimates for Matrix Service in a research note issued to investors on Friday, November 6th. Sidoti analyst J. Franzreb now anticipates that the company will earn $0.17 per share for the quarter, up from their previous 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.

Several other equities analysts have also issued reports on the company. Northland Securities set a $16.00 price target on Matrix Service in a research note on Friday, September 4th. Weiss Ratings lowered Matrix Service from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $16.50.

Matrix Service Stock Performance

NASDAQ MTRX opened at $9.64 on Monday. The stock has a market capitalization of $270.59 million, a P/E ratio of 37.08, a price-to-earnings-growth ratio of 0.81 and a beta of 1.03. Matrix Service has a 52 week low of $8.47 and a 52 week high of $14.64. The stock has a fifty day moving average of $10.07 and a 200-day moving average of $11.69.

Matrix Service (NASDAQ:MTRX - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $219.40 million for the quarter, compared to the consensus estimate of $239.78 million. Matrix Service had a return on equity of 9.98% and a net margin of 0.83%.

Hedge Funds Weigh In On Matrix Service

Large investors have recently bought and sold shares of the business. Diversified Trust Co grew its holdings in Matrix Service by 33.4% during the 3rd quarter. Diversified Trust Co now owns 15,037 shares of the company's stock worth $144,000 after acquiring an additional 3,762 shares during the period. Russell Investments Group Ltd. raised its position in shares of Matrix Service by 6.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 284,153 shares of the company's stock valued at $2,719,000 after acquiring an additional 17,667 shares during the last quarter. Verus Capital Partners LLC raised its position in shares of Matrix Service by 52.4% during the 3rd quarter. Verus Capital Partners LLC now owns 79,500 shares of the company's stock valued at $761,000 after acquiring an additional 27,325 shares during the last quarter. Bridge City Capital LLC raised its position in shares of Matrix Service by 43.3% during the 3rd quarter. Bridge City Capital LLC now owns 28,978 shares of the company's stock valued at $277,000 after acquiring an additional 8,755 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its stake in shares of Matrix Service by 30.4% in the 2nd quarter. WINTON GROUP Ltd now owns 56,121 shares of the company's stock valued at $769,000 after purchasing an additional 13,092 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Matrix Service Company Profile

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.

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