Brokers Issue Forecasts for Matrix Service Q1 Earnings

Matrix Service (NASDAQ:MTRX - Free Report) - Analysts at Sidoti Csr issued their Q1 2027 EPS estimates for Matrix Service in a research report issued on Friday, May 30th. Sidoti Csr analyst J. Franzreb expects 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.

Other equities research analysts also recently issued research reports about the company. DA Davidson raised their target price on Matrix Service from $18.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Wall Street Zen cut shares of Matrix Service from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th.

Matrix Service Stock Up 1.8%

Shares of Matrix Service stock traded up $0.22 during trading on Monday, reaching $12.41. The company's stock had a trading volume of 212,326 shares, compared to its average volume of 206,418. The business has a 50 day moving average price of $11.74 and a 200-day moving average price of $12.71. Matrix Service has a 12-month low of $8.61 and a 12-month high of $15.75. The company has a market capitalization of $342.65 million, a P/E ratio of -10.17 and a beta of 1.04.

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

Hedge Funds Weigh In On Matrix Service

Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers boosted its position in Matrix Service by 2.7% during the fourth quarter. Rhumbline Advisers now owns 39,725 shares of the company's stock worth $475,000 after purchasing an additional 1,028 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Matrix Service by 3.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 40,465 shares of the company's stock worth $485,000 after buying an additional 1,388 shares in the last quarter. SG Americas Securities LLC grew its stake in Matrix Service by 18.4% in the 4th quarter. SG Americas Securities LLC now owns 11,123 shares of the company's stock valued at $133,000 after acquiring an additional 1,731 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in 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 acquiring an additional 1,746 shares during the last quarter. Finally, Money Concepts Capital Corp increased its holdings in Matrix Service by 1.7% during the 4th quarter. Money Concepts Capital Corp now owns 108,057 shares of the company's stock valued at $1,293,000 after acquiring an additional 1,790 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other 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.