Q2 EPS Estimate for Matrix Service Reduced by Analyst

Matrix Service Company (NASDAQ:MTRX) – Equities researchers at Northland Securities dropped their Q2 2027 EPS estimates for shares of Matrix Service in a note issued to investors on Friday, November 6th. Northland Securities analyst T. Jackson now expects that the company will post earnings per share of $0.18 for the quarter, down from their prior forecast of $0.19. The consensus estimate for Matrix Service’s current full-year earnings is $0.67 per share. Northland Securities also issued estimates for Matrix Service’s FY2031 earnings at $0.75 EPS.

Separately, Weiss Ratings lowered shares of Matrix Service from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 30th. One 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.50.

Matrix Service Stock Performance

MTRX stock opened at $9.60 on Tuesday. Matrix Service has a one year low of $8.47 and a one year high of $14.64. The firm’s fifty day moving average is $10.05 and its 200 day moving average is $11.67. The firm has a market cap of $271.58 million, a PE ratio of 18.26, a P/E/G ratio of 0.85 and a beta of 1.03.

Matrix Service (NASDAQ:MTRX) last posted its earnings results on Wednesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. Matrix Service had a net margin of 0.83% and a return on equity of 10.11%. The firm had revenue of $219.40 million during the quarter, compared to analysts’ expectations of $239.78 million.

Institutional Trading of Matrix Service

Large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Matrix Service in the second quarter valued at approximately $29,311,000. Bank of New York Mellon Corp purchased a new position in Matrix Service during the second quarter worth approximately $6,266,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Matrix Service during the second quarter worth approximately $4,047,000. Russell Investments Group Ltd. boosted its stake in Matrix Service by 6.6% during the third quarter. Russell Investments Group Ltd. now owns 284,153 shares of the company’s stock worth $2,719,000 after buying an additional 17,667 shares during the last quarter. Finally, De Lisle Partners LLP acquired a new position in Matrix Service during the second quarter worth $3,544,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

About Matrix Service

Matrix Service Company (NASDAQ:MTRX) is an engineering, construction, and maintenance services provider serving the energy and industrial markets. Based in Tulsa, Oklahoma, the company supports the development, operation, and maintenance of critical infrastructure for customers across North America.

Through its operating businesses, Matrix Service provides engineering, procurement, fabrication, construction, commissioning, maintenance, and repair services. Its capabilities include aboveground storage tanks, terminals, pipelines, process facilities, power infrastructure, and other energy-related assets.