Matrix Service FY2027 EPS Decreased by Northland Securities

Matrix Service Company (NASDAQ:MTRX) – Investment analysts at Northland Securities dropped their FY2027 EPS estimates for Matrix Service in a research note issued to investors on Friday, September 4th. Northland Securities analyst T. Jackson now expects that the company will post earnings per share of $0.61 for the year, down from their previous estimate of $0.81. 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 Q4 2027 earnings at $0.06 EPS, FY2028 earnings at $0.50 EPS, FY2029 earnings at $0.55 EPS and FY2030 earnings at $0.59 EPS.

Separately, Weiss Ratings reaffirmed 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 assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.50.

Matrix Service Stock Up 1.8%

Shares of MTRX stock opened at $10.81 on Wednesday. The firm has a 50 day moving average of $11.76 and a two-hundred day moving average of $12.08. The stock has a market capitalization of $305.81 million, a PE ratio of -120.11, a P/E/G ratio of 0.85 and a beta of 0.98. Matrix Service has a 52 week low of $9.70 and a 52 week high of $15.97.

Matrix Service (NASDAQ:MTRX) last announced its 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 business had revenue of $244.53 million for the quarter, compared to analysts’ expectations of $247.04 million. Matrix Service had a positive return on equity of 5.32% and a negative net margin of 0.30%.

Institutional Trading of Matrix Service

A number of hedge funds and other institutional investors have recently bought and sold shares of MTRX. Quarry LP purchased a new stake in Matrix Service during the 3rd quarter worth about $28,000. BNP Paribas Financial Markets increased its holdings in shares of Matrix Service by 68.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company’s stock valued at $34,000 after acquiring an additional 1,032 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Matrix Service in the 2nd quarter valued at about $38,000. Tower Research Capital LLC TRC raised its position in shares of Matrix Service by 133.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company’s stock worth $45,000 after acquiring an additional 1,893 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in Matrix Service during the third quarter worth approximately $67,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

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.