Latest news with #MatrixComposites&EngineeringLtd
Business Insider
17-07-2025
- Business
- Business Insider
Matrix Composites & Engineering Ltd (8ME) was downgraded to a Hold Rating at Bell Potter
Matrix Composites & Engineering Ltd received a Hold rating and a A$0.28 price target from Bell Potter analyst Joseph House today. The company's shares closed yesterday at €0.12. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, House is a 5-star analyst with an average return of 25.8% and a 59.65% success rate. House covers the Industrials sector, focusing on stocks such as Seven Group Holdings Limited, Matrix Composites & Engineering Ltd, and ALS. Currently, the analyst consensus on Matrix Composites & Engineering Ltd is a Moderate Buy with an average price target of €0.16.
Business Insider
27-06-2025
- Business
- Business Insider
Positive Report for Matrix Composites & Engineering Ltd (8ME) from Bell Potter
In a report released today, Joseph House from Bell Potter upgraded Matrix Composites & Engineering Ltd (8ME – Research Report) to a Buy, with a price target of A$0.28. The company's shares closed last Tuesday at €0.08. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter House covers the Industrials sector, focusing on stocks such as ALS, IPD Group Ltd, and Seven Group Holdings Limited. According to TipRanks, House has an average return of 18.6% and a 50.00% success rate on recommended stocks. The word on The Street in general, suggests a Hold analyst consensus rating for Matrix Composites & Engineering Ltd. The company has a one-year high of €0.20 and a one-year low of €0.06. Currently, Matrix Composites & Engineering Ltd has an average volume of 4,273.
Yahoo
02-03-2025
- Business
- Yahoo
Matrix Composites & Engineering Ltd (ASX:MCE) Analysts Just Slashed This Year's Revenue Estimates By 11%
Today is shaping up negative for Matrix Composites & Engineering Ltd (ASX:MCE) shareholders, with the analysts delivering a substantial negative revision to this year's forecasts. Revenue estimates were cut sharply as analysts signalled a weaker outlook - perhaps a sign that investors should temper their expectations as well. Following the latest downgrade, the twin analysts covering Matrix Composites & Engineering provided consensus estimates of AU$80m revenue in 2025, which would reflect a chunky 19% decline on its sales over the past 12 months. Statutory earnings per share are anticipated to plummet 89% to AU$0.004 in the same period. Previously, the analysts had been modelling revenues of AU$90m and earnings per share (EPS) of AU$0.02 in 2025. Indeed, we can see that the analysts are a lot more bearish about Matrix Composites & Engineering's prospects, administering a substantial drop in revenue estimates and slashing their EPS estimates to boot. Check out our latest analysis for Matrix Composites & Engineering The consensus price target fell 24% to AU$0.29, with the weaker earnings outlook clearly leading analyst valuation estimates. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. These estimates imply that sales are expected to slow, with a forecast annualised revenue decline of 34% by the end of 2025. This indicates a significant reduction from annual growth of 30% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 4.9% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Matrix Composites & Engineering is expected to lag the wider industry. The biggest issue in the new estimates is that analysts have reduced their earnings per share estimates, suggesting business headwinds lay ahead for Matrix Composites & Engineering. Unfortunately analysts also downgraded their revenue estimates, and industry data suggests that Matrix Composites & Engineering's revenues are expected to grow slower than the wider market. Furthermore, there was a cut to the price target, suggesting that the latest news has led to more pessimism about the intrinsic value of the business. Overall, given the drastic downgrade to this year's forecasts, we'd be feeling a little more wary of Matrix Composites & Engineering going forwards. After a downgrade like this, it's pretty clear that previous forecasts were too optimistic. What's more, we've spotted several possible issues with Matrix Composites & Engineering's business, like concerns around earnings quality. For more information, you can click here to discover this and the 1 other warning sign we've identified. Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are downgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
