Sidoti Forecasts Matrix Service’s Q1 Earnings (NASDAQ:MTRX)

Matrix Service Company (NASDAQ:MTRX) – Equities research analysts at Sidoti issued their Q1 2028 earnings per share (EPS) estimates for Matrix Service in a research note issued to investors on Monday, August 31st. Sidoti analyst J. Franzreb anticipates that the company will post earnings of $0.19 per share for the quarter. The consensus estimate for Matrix Service’s current full-year earnings is $0.25 per share. Sidoti also issued estimates for Matrix Service’s Q2 2028 earnings at $0.28 EPS, Q3 2028 earnings at $0.26 EPS and Q4 2028 earnings at $0.15 EPS.

Separately, Weiss Ratings restated 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 issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Matrix Service Trading Down 0.2%

Shares of Matrix Service stock opened at $10.81 on Tuesday. Matrix Service has a 52 week low of $9.88 and a 52 week high of $15.97. The stock has a market cap of $304.09 million, a PE ratio of -20.40, a price-to-earnings-growth ratio of 0.87 and a beta of 1.00. The company’s 50-day moving average price is $12.12 and its two-hundred day moving average price is $12.11.

Hedge Funds Weigh In On Matrix Service

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System raised its position in shares of Matrix Service by 251.1% during the second quarter. California State Teachers Retirement System now owns 5,151 shares of the company’s stock worth $71,000 after purchasing an additional 3,684 shares during the period. Susquehanna Fundamental Investments LLC boosted its position in shares of Matrix Service by 14.7% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 29,351 shares of the company’s stock valued at $402,000 after purchasing an additional 3,760 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Matrix Service in the 2nd quarter valued at $495,000. Bank of America Corp DE purchased a new position in Matrix Service in the 2nd quarter worth about $790,000. Finally, Man Group plc purchased a new position in Matrix Service in the 2nd quarter worth about $2,658,000. 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.