Sidoti Csr Lowers Earnings Estimates for Mastech Digital

Mastech Digital, Inc. (NYSE:MHH) – Equities research analysts at Sidoti Csr cut their Q1 2025 earnings per share (EPS) estimates for Mastech Digital in a note issued to investors on Tuesday, April 1st. Sidoti Csr analyst M. Riddick now anticipates that the company will earn $0.04 per share for the quarter, down from their previous estimate of $0.17. The consensus estimate for Mastech Digital’s current full-year earnings is $0.84 per share. Sidoti Csr also issued estimates for Mastech Digital’s Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.44 EPS, FY2025 earnings at $0.44 EPS, FY2026 earnings at $0.84 EPS and FY2026 earnings at $0.84 EPS.

Mastech Digital (NYSE:MHH) last announced its earnings results on Wednesday, February 19th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Mastech Digital had a return on equity of 8.20% and a net margin of 1.71%. During the same quarter last year, the firm earned $0.11 EPS.

Separately, StockNews.com raised shares of Mastech Digital from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 3rd.

Mastech Digital Trading Down 1.1 %

NYSE MHH opened at $8.98 on Friday. Mastech Digital has a 1 year low of $7.15 and a 1 year high of $16.00. The company has a market cap of $105.45 million, a PE ratio of 30.97, a PEG ratio of 0.79 and a beta of 0.87. The stock’s 50-day moving average price is $9.86 and its two-hundred day moving average price is $12.32.

Institutional Trading of Mastech Digital

Several large investors have recently added to or reduced their stakes in MHH. Barclays PLC boosted its position in shares of Mastech Digital by 24.1% in the fourth quarter. Barclays PLC now owns 8,120 shares of the company’s stock worth $122,000 after buying an additional 1,576 shares during the period. Renaissance Technologies LLC boosted its position in Mastech Digital by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 111,727 shares of the company’s stock worth $1,665,000 after acquiring an additional 2,600 shares during the period. Geode Capital Management LLC grew its stake in Mastech Digital by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 51,384 shares of the company’s stock valued at $766,000 after acquiring an additional 3,631 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Mastech Digital by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 238,705 shares of the company’s stock valued at $3,557,000 after acquiring an additional 3,922 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Mastech Digital by 19.5% in the 3rd quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock valued at $417,000 after purchasing an additional 6,809 shares during the period. 18.43% of the stock is owned by institutional investors and hedge funds.

About Mastech Digital

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. The company operates through Data and Analytics Services and IT Staffing Services segments. It offers data management and analytics services, including project-based consulting services in the areas of master data management, enterprise data integration, big data and analytics, and digital transformation by using onsite and offshore resources.