DA Davidson Raises Earnings Estimates for Matrix Service

Matrix Service (NASDAQ:MTRX) – Stock analysts at DA Davidson raised their FY2026 EPS estimates for Matrix Service in a research report issued on Friday, November 8th. DA Davidson analyst B. Thielman now forecasts that the company will post earnings per share of $1.17 for the year, up from their previous estimate of $1.07. DA Davidson currently has a “Buy” rating and a $18.00 price target on the stock. The consensus estimate for Matrix Service’s current full-year earnings is ($0.06) per share.

Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). The business had revenue of $165.58 million during the quarter, compared to the consensus estimate of $183.90 million. Matrix Service had a negative net margin of 4.46% and a negative return on equity of 19.56%. During the same quarter last year, the company posted ($0.21) EPS.

Separately, StockNews.com downgraded shares of Matrix Service from a “buy” rating to a “hold” rating in a research report on Friday.

Matrix Service Stock Down 1.4 %

Shares of NASDAQ:MTRX opened at $12.83 on Monday. The firm has a market cap of $353.44 million, a PE ratio of -11.46 and a beta of 1.25. Matrix Service has a 12-month low of $8.61 and a 12-month high of $13.90. The company’s 50 day moving average price is $11.15 and its two-hundred day moving average price is $10.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MTRX. Keene & Associates Inc. increased its stake in Matrix Service by 4.3% in the second quarter. Keene & Associates Inc. now owns 54,055 shares of the company’s stock valued at $537,000 after purchasing an additional 2,206 shares in the last quarter. Victory Capital Management Inc. increased its position in Matrix Service by 4.3% in the 2nd quarter. Victory Capital Management Inc. now owns 69,600 shares of the company’s stock valued at $691,000 after buying an additional 2,900 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Matrix Service by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,172,616 shares of the company’s stock worth $11,644,000 after buying an additional 3,215 shares during the period. American Century Companies Inc. boosted its holdings in Matrix Service by 13.4% in the second quarter. American Century Companies Inc. now owns 37,714 shares of the company’s stock worth $374,000 after acquiring an additional 4,452 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of Matrix Service by 66.3% during the second quarter. XTX Topco Ltd now owns 20,932 shares of the company’s stock valued at $208,000 after acquiring an additional 8,344 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

About Matrix Service

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.