Matrix Service FY2026 EPS Forecast Increased by DA Davidson

Matrix Service (NASDAQ:MTRX - Free Report) - Stock analysts at DA Davidson lifted their FY2026 earnings per share estimates for shares of Matrix Service in a research report issued to clients and investors on Tuesday, February 11th. DA Davidson analyst B. Thielman now expects that the company will post earnings of $1.25 per share for the year, up from their previous estimate of $1.17. DA Davidson has a "Buy" rating and a $20.00 price objective on the stock. The consensus estimate for Matrix Service's current full-year earnings is ($0.04) per share.

Matrix Service (NASDAQ:MTRX - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported ($0.20) earnings per share for the quarter, topping analysts' consensus estimates of ($0.22) by $0.02. Matrix Service had a negative return on equity of 20.81% and a negative net margin of 4.76%.

Separately, StockNews.com cut Matrix Service from a "strong-buy" rating to a "buy" rating in a research note on Friday.

Matrix Service Stock Down 1.0 %

Shares of Matrix Service stock traded down $0.16 during trading on Wednesday, reaching $15.20. 180,075 shares of the company were exchanged, compared to its average volume of 214,635. Matrix Service has a twelve month low of $8.61 and a twelve month high of $15.75. The business has a 50-day moving average price of $13.36 and a 200-day moving average price of $11.90. The firm has a market capitalization of $418.91 million, a price-to-earnings ratio of -12.46 and a beta of 1.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harvey Partners LLC grew its stake in Matrix Service by 8.2% in the third quarter. Harvey Partners LLC now owns 1,515,000 shares of the company's stock valued at $17,468,000 after acquiring an additional 115,000 shares during the period. Needham Investment Management LLC grew its stake in Matrix Service by 38.5% in the third quarter. Needham Investment Management LLC now owns 1,420,000 shares of the company's stock valued at $16,373,000 after acquiring an additional 395,000 shares during the period. ACK Asset Management LLC grew its stake in Matrix Service by 47.3% in the fourth quarter. ACK Asset Management LLC now owns 1,179,901 shares of the company's stock valued at $14,123,000 after acquiring an additional 378,901 shares during the period. Westerly Capital Management LLC grew its stake in Matrix Service by 4.5% in the fourth quarter. Westerly Capital Management LLC now owns 1,150,000 shares of the company's stock valued at $13,766,000 after acquiring an additional 50,000 shares during the period. Finally, Royce & Associates LP grew its stake in Matrix Service by 4.0% in the fourth quarter. Royce & Associates LP now owns 898,122 shares of the company's stock valued at $10,751,000 after acquiring an additional 34,860 shares during the period. 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.