What is Sidoti’s Estimate for Matrix Service Q2 Earnings?

Matrix Service Company (NASDAQ:MTRX) – Stock analysts at Sidoti boosted their Q2 2027 earnings per share estimates for shares of Matrix Service in a research note issued to investors on Friday, November 6th. Sidoti analyst J. Franzreb now forecasts that the company will post earnings per share of $0.17 for the quarter, up from their prior forecast of $0.15. The consensus estimate for Matrix Service’s current full-year earnings is $0.67 per share. Sidoti also issued estimates for Matrix Service’s Q3 2027 earnings at $0.16 EPS, Q4 2027 earnings at $0.17 EPS, FY2027 earnings at $0.72 EPS, Q1 2028 earnings at $0.18 EPS, Q2 2028 earnings at $0.17 EPS, Q3 2028 earnings at $0.23 EPS, Q4 2028 earnings at $0.20 EPS and FY2028 earnings at $0.78 EPS.

A number of other research analysts also recently commented on MTRX. Northland Securities set a $16.00 price target on Matrix Service in a research note on Friday, September 4th. Weiss Ratings cut shares of Matrix Service from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Matrix Service Stock Performance

MTRX opened at $9.23 on Monday. The firm has a market cap of $259.09 million, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 0.80 and a beta of 1.03. Matrix Service has a 52-week low of $8.47 and a 52-week high of $14.64. The business’s fifty day moving average is $10.02 and its 200-day moving average is $11.65.

Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The firm had revenue of $219.40 million during the quarter, compared to analysts’ expectations of $239.78 million. Matrix Service had a return on equity of 9.98% and a net margin of 0.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Boston Partners lifted its stake in Matrix Service by 6.5% during the third quarter. Boston Partners now owns 41,515 shares of the company’s stock worth $397,000 after purchasing an additional 2,521 shares during the last quarter. Diversified Trust Co increased its stake in shares of Matrix Service by 33.4% in the 3rd quarter. Diversified Trust Co now owns 15,037 shares of the company’s stock valued at $144,000 after purchasing an additional 3,762 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Matrix Service by 6.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 284,153 shares of the company’s stock valued at $2,719,000 after purchasing an additional 17,667 shares during the last quarter. Verus Capital Partners LLC raised its holdings in shares of Matrix Service by 52.4% during the 3rd quarter. Verus Capital Partners LLC now owns 79,500 shares of the company’s stock worth $761,000 after buying an additional 27,325 shares in the last quarter. Finally, Bridge City Capital LLC raised its holdings in shares of Matrix Service by 43.3% during the 3rd quarter. Bridge City Capital LLC now owns 28,978 shares of the company’s stock worth $277,000 after buying an additional 8,755 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

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.