Sidoti Csr Forecasts Matrix Service Q1 Earnings

Matrix Service (NASDAQ:MTRX - Free Report) - Equities research analysts at Sidoti Csr issued their Q1 2027 EPS estimates for shares of Matrix Service in a report issued on Friday, May 30th. Sidoti Csr analyst J. Franzreb forecasts that the company will post earnings of $0.09 per share for the quarter. 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 Q2 2027 earnings at $0.18 EPS and Q3 2027 earnings at $0.28 EPS.

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

MTRX has been the subject of a number of other reports. Wall Street Zen lowered shares of Matrix Service from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th. DA Davidson boosted their price objective on shares of Matrix Service from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th.

Matrix Service Price Performance

MTRX stock traded up $0.14 during midday trading on Monday, reaching $12.30. The company had a trading volume of 174,659 shares, compared to its average volume of 205,268. Matrix Service has a 1 year low of $8.61 and a 1 year high of $15.75. The company has a market capitalization of $339.62 million, a P/E ratio of -10.08 and a beta of 1.04. The firm has a 50-day moving average price of $11.73 and a 200-day moving average price of $12.70.

Institutional Investors Weigh In On Matrix Service

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTRX. CenterBook Partners LP raised its holdings in Matrix Service by 789.6% during the 1st quarter. CenterBook Partners LP now owns 536,447 shares of the company's stock valued at $6,668,000 after buying an additional 476,148 shares during the last quarter. Boston Partners raised its holdings in Matrix Service by 787.1% during the 1st quarter. Boston Partners now owns 492,772 shares of the company's stock valued at $6,123,000 after buying an additional 437,222 shares during the last quarter. ACK Asset Management LLC raised its holdings in Matrix Service by 47.3% during the 4th quarter. ACK Asset Management LLC now owns 1,179,901 shares of the company's stock valued at $14,123,000 after buying an additional 378,901 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Matrix Service by 244.6% during the 1st quarter. Bank of New York Mellon Corp now owns 403,385 shares of the company's stock valued at $5,014,000 after buying an additional 286,326 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Matrix Service by 601.5% during the 1st quarter. AQR Capital Management LLC now owns 291,804 shares of the company's stock valued at $3,627,000 after buying an additional 250,206 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Matrix Service Company Profile

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.