Sidoti Csr Decreases Earnings Estimates for Matrix Service

Matrix Service (NASDAQ:MTRX - Free Report) - Investment analysts at Sidoti Csr reduced their Q3 2026 EPS estimates for shares of Matrix Service in a note issued to investors on Thursday, May 8th. Sidoti Csr analyst J. Franzreb now expects that the company will post earnings of $0.17 per share for the quarter, down from their previous estimate of $0.27. The consensus estimate for Matrix Service's current full-year earnings is ($0.26) per share. Sidoti Csr also issued estimates for Matrix Service's FY2027 earnings at $0.91 EPS.

Matrix Service (NASDAQ:MTRX - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The business had revenue of $200.16 million during the quarter, compared to analyst estimates of $215.06 million. Matrix Service had a negative return on equity of 20.81% and a negative net margin of 4.76%.

MTRX has been the subject of a number of other reports. DA Davidson increased their price target on shares of Matrix Service from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. StockNews.com lowered shares of Matrix Service from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th.

Matrix Service Trading Down 1.0%

NASDAQ MTRX traded down $0.13 during trading on Monday, reaching $12.75. 26,887 shares of the company's stock were exchanged, compared to its average volume of 208,637. Matrix Service has a fifty-two week low of $8.61 and a fifty-two week high of $15.75. The company's fifty day simple moving average is $11.85 and its 200-day simple moving average is $12.69. The firm has a market capitalization of $352.15 million, a PE ratio of -10.45 and a beta of 1.04.

Institutional Trading of Matrix Service

A number of institutional investors have recently bought and sold shares of MTRX. New York State Teachers Retirement System acquired a new position in Matrix Service in the 1st quarter worth about $30,000. Tower Research Capital LLC TRC grew its stake in shares of Matrix Service by 180.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the company's stock valued at $32,000 after buying an additional 1,746 shares in the last quarter. Brooklyn Investment Group increased its holdings in Matrix Service by 2,026.3% in the first quarter. Brooklyn Investment Group now owns 3,402 shares of the company's stock worth $42,000 after buying an additional 3,242 shares during the last quarter. R Squared Ltd bought a new position in Matrix Service during the fourth quarter valued at approximately $45,000. Finally, Quantbot Technologies LP bought a new position in Matrix Service during the first quarter valued at approximately $73,000. Institutional investors and hedge funds own 78.38% of the company's stock.

About Matrix Service

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.