FY2026 EPS Estimate for Matrix Service Increased by Analyst

Matrix Service (NASDAQ:MTRX) – Research analysts at DA Davidson raised their FY2026 EPS estimates for Matrix Service in a report issued on Friday, November 8th. DA Davidson analyst B. Thielman now forecasts that the company will post earnings of $1.17 per share for the year, up from their previous estimate of $1.07. DA Davidson 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.

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 Performance

MTRX stock opened at $12.83 on Monday. The firm has a 50 day moving average price of $11.15 and a 200-day moving average price of $10.64. Matrix Service has a 52-week low of $8.61 and a 52-week high of $13.90. The firm has a market capitalization of $353.44 million, a price-to-earnings ratio of -11.46 and a beta of 1.25.

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

Hedge Funds Weigh In On Matrix Service

Several hedge funds and other institutional investors have recently modified their holdings of the company. Azarias Capital Management L.P. lifted its stake in shares of Matrix Service by 28.5% in the 2nd quarter. Azarias Capital Management L.P. now owns 1,273,193 shares of the company’s stock worth $12,643,000 after purchasing an additional 282,086 shares during the period. Jane Street Group LLC boosted its stake in shares of Matrix Service by 92.0% during the 1st quarter. Jane Street Group LLC now owns 308,743 shares of the company’s stock worth $4,023,000 after acquiring an additional 147,942 shares during the last quarter. Royce & Associates LP increased its stake in shares of Matrix Service by 14.3% in the 3rd quarter. Royce & Associates LP now owns 863,262 shares of the company’s stock worth $9,953,000 after purchasing an additional 107,820 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Matrix Service in the 2nd quarter worth $830,000. Finally, Bank of New York Mellon Corp lifted its position in Matrix Service by 12.9% during the second quarter. Bank of New York Mellon Corp now owns 575,428 shares of the company’s stock valued at $5,714,000 after purchasing an additional 65,902 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

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.