Q1 Earnings Estimate for Matrix Service Issued By Sidoti Csr

Matrix Service Company (NASDAQ:MTRX) – Analysts at Sidoti Csr lifted their Q1 2027 earnings per share (EPS) estimates for Matrix Service in a research report issued to clients and investors on Friday, February 6th. Sidoti Csr analyst J. Franzreb now forecasts that the company will post earnings of $0.20 per share for the quarter, up from their previous forecast of $0.19. 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 $0.19 EPS.

Several other equities analysts have also issued reports on MTRX. DA Davidson reaffirmed a “buy” rating and issued a $17.00 price target on shares of Matrix Service in a report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Matrix Service in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.00.

Matrix Service Stock Down 1.7%

NASDAQ MTRX opened at $11.06 on Monday. Matrix Service has a 52 week low of $9.33 and a 52 week high of $16.10. The company has a 50 day moving average price of $12.59 and a 200 day moving average price of $13.27. The firm has a market cap of $311.12 million, a PE ratio of -16.26, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95.

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings results on Wednesday, February 4th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). Matrix Service had a negative net margin of 2.30% and a negative return on equity of 8.56%. The firm had revenue of $210.51 million for the quarter, compared to analysts’ expectations of $215.42 million.

Insider Buying and Selling

In other Matrix Service news, insider Shawn P. Payne sold 5,231 shares of Matrix Service stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $11.42, for a total transaction of $59,738.02. Following the completion of the sale, the insider owned 102,179 shares of the company’s stock, valued at approximately $1,166,884.18. The trade was a 4.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 16,500 shares of company stock worth $198,000. Insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Boston Partners boosted its holdings in shares of Matrix Service by 71.5% in the 2nd quarter. Boston Partners now owns 844,966 shares of the company’s stock valued at $11,417,000 after acquiring an additional 352,194 shares during the last quarter. Acadian Asset Management LLC lifted its position in Matrix Service by 15.8% during the second quarter. Acadian Asset Management LLC now owns 280,394 shares of the company’s stock valued at $3,785,000 after purchasing an additional 38,233 shares during the period. Bank of New York Mellon Corp boosted its holdings in Matrix Service by 15.9% in the second quarter. Bank of New York Mellon Corp now owns 467,572 shares of the company’s stock valued at $6,317,000 after purchasing an additional 64,187 shares during the last quarter. First Eagle Investment Management LLC grew its position in Matrix Service by 60.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 509,194 shares of the company’s stock worth $6,879,000 after purchasing an additional 192,000 shares during the period. Finally, American Century Companies Inc. grew its position in Matrix Service by 24.1% during the 2nd quarter. American Century Companies Inc. now owns 671,398 shares of the company’s stock worth $9,071,000 after purchasing an additional 130,489 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

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.