Sidoti Predicts Matrix Service's Q1 Earnings (NASDAQ:MTRX)

Key Points

• Sidoti estimates Matrix Service will earn $0.19 per share in Q1 2028, with projected EPS of $0.28, $0.26 and $0.15 for the following quarters. The current full-year consensus estimate is $0.25 per share.
• Analyst sentiment is mixed: Weiss Ratings reiterated a “sell (D-)” rating, while MarketBeat reports an overall “Moderate Buy” consensus and an average price target of $20.50.
• Matrix Service shares opened at $10.81, near the lower end of their 12-month range of $9.88 to $15.97. Institutional investors and hedge funds own 78.38% of the company.

Matrix Service Company (NASDAQ:MTRX - Free Report) - Equities researchers at Sidoti issued their Q1 2028 earnings per share (EPS) estimates for shares of Matrix Service in a note issued to investors on Monday, August 31st. Sidoti analyst J. Franzreb expects that the company will earn $0.19 per share for the quarter. The consensus estimate for Matrix Service's current full-year earnings is $0.25 per share. Sidoti also issued estimates for Matrix Service's Q2 2028 earnings at $0.28 EPS, Q3 2028 earnings at $0.26 EPS and Q4 2028 earnings at $0.15 EPS.

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Matrix Service in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Matrix Service presently has an average rating of "Moderate Buy" and an average price target of $20.50.

Matrix Service Price Performance

Shares of MTRX opened at $10.81 on Tuesday. The company has a market cap of $304.09 million, a P/E ratio of -20.40, a PEG ratio of 0.87 and a beta of 1.00. The stock has a fifty day moving average price of $12.12 and a 200 day moving average price of $12.11. Matrix Service has a 12 month low of $9.88 and a 12 month high of $15.97.

Institutional Trading of Matrix Service

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Matrix Service during the 2nd quarter worth $29,311,000. Bank of New York Mellon Corp bought a new stake in shares of Matrix Service during the second quarter valued at about $6,266,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Matrix Service in the second quarter worth about $4,047,000. Westerly Capital Management LLC lifted its stake in shares of Matrix Service by 34.1% in the 3rd quarter. Westerly Capital Management LLC now owns 1,100,000 shares of the company's stock worth $14,388,000 after acquiring an additional 280,000 shares during the period. Finally, De Lisle Partners LLP bought a new position in shares of Matrix Service in the second quarter valued at approximately $3,544,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

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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