Northland Securities Predicts Matrix Service Q2 Earnings

Matrix Service Company (NASDAQ:MTRX) – Equities research analysts at Northland Securities dropped their Q2 2027 earnings estimates for Matrix Service in a research report issued on Friday, November 6th. Northland Securities analyst T. Jackson now anticipates that the company will post earnings per share of $0.18 for the quarter, down from their previous estimate 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 downgraded shares of Matrix Service from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Matrix Service currently has an average rating of “Moderate Buy” and a consensus target price of $16.50.

Matrix Service Price Performance

Matrix Service stock opened at $9.60 on Tuesday. The firm has a 50 day simple moving average of $10.05 and a 200-day simple moving average of $11.67. Matrix Service has a 1-year low of $8.47 and a 1-year high of $14.64. The stock has a market cap of $271.58 million, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 0.85 and a beta of 1.03.

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

Hedge Funds Weigh In On Matrix Service

A number of hedge funds have recently modified their holdings of the business. Legal & General Group Plc purchased a new position in shares of Matrix Service during the 2nd quarter worth $38,000. Diversified Trust Co raised its holdings in 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 buying an additional 3,762 shares during the period. Diversified Trust Co. purchased a new stake in Matrix Service in the 2nd quarter valued at about $154,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Matrix Service in the 2nd quarter valued at about $157,000. Finally, State of Wyoming acquired a new position in Matrix Service in the second quarter valued at about $166,000. 78.38% of the stock is currently owned by hedge funds and other 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.