Matrix Service Company (NASDAQ:MTRX – Free Report) – Investment analysts at Northland Securities boosted their Q1 2027 earnings per share (EPS) estimates for Matrix Service in a note issued to investors on Friday, September 4th. Northland Securities analyst T. Jackson now expects that the company will post earnings of $0.25 per share for the quarter, up from their previous estimate of $0.23. The consensus estimate for Matrix Service’s current full-year earnings is $0.69 per share. Northland Securities also issued estimates for Matrix Service’s Q2 2027 earnings at $0.19 EPS, Q3 2027 earnings at $0.11 EPS and FY2031 earnings at $0.61 EPS.
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Matrix Service in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Matrix Service presently has an average rating of “Moderate Buy” and a consensus price target of $16.50.
Matrix Service Price Performance
Shares of NASDAQ MTRX opened at $10.62 on Monday. The firm has a market cap of $300.44 million, a P/E ratio of -118.00, a PEG ratio of 0.85 and a beta of 0.98. Matrix Service has a twelve month low of $9.70 and a twelve month high of $15.97. The company has a 50 day moving average of $11.81 and a 200 day moving average of $12.08.
Matrix Service (NASDAQ:MTRX – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $244.53 million for the quarter, compared to the consensus estimate of $247.04 million. Matrix Service had a negative net margin of 0.30% and a positive return on equity of 5.32%.
Institutional Trading of Matrix Service
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Matrix Service in the second quarter worth about $29,311,000. Bank of New York Mellon Corp bought a new stake in Matrix Service during the 2nd quarter valued at approximately $6,266,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Matrix Service during the 2nd quarter valued at approximately $4,047,000. Westerly Capital Management LLC lifted its holdings in 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 purchasing an additional 280,000 shares in the last quarter. Finally, De Lisle Partners LLP purchased a new position in Matrix Service in the 2nd quarter worth approximately $3,544,000. 78.38% of the stock is currently owned by 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.
Featured Articles
- Five stocks we like better than Matrix Service
- 3 Under-the-Radar Defense Stocks With Record Backlogs
- This Korea ETF Has Soared, But the Rally May Not Be Over
- Why Guidewire’s Post-Earnings Plunge May Not Last
- Ride-Share Reckoning: Tesla Drives Into Uber’s Lane
Receive News & Ratings for Matrix Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matrix Service and related companies with MarketBeat.com's FREE daily email newsletter.
