FY2026 EPS Estimates for Matrix Service Lifted by Analyst

Matrix Service (NASDAQ:MTRX - Free Report) - Research analysts at DA Davidson lifted their FY2026 earnings per share (EPS) estimates for Matrix Service in a note issued to investors on Friday, November 8th. DA Davidson analyst B. Thielman now expects that the company will post earnings per share of $1.17 for the year, up from their prior forecast of $1.07. DA Davidson currently has a "Buy" rating and a $18.00 target price on the stock. The consensus estimate for Matrix Service's current full-year earnings is ($0.06) per share.

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

Matrix Service Stock Down 1.4 %

MTRX traded down $0.18 during trading on Monday, reaching $12.83. 116,804 shares of the stock traded hands, compared to its average volume of 219,766. The stock's 50-day moving average is $11.15 and its 200 day moving average is $10.64. Matrix Service has a 12 month low of $8.61 and a 12 month high of $13.90. The stock has a market capitalization of $353.47 million, a PE ratio of -11.47 and a beta of 1.25.

Matrix Service (NASDAQ:MTRX - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.33) earnings per share (EPS) 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 firm had revenue of $165.58 million for the quarter, compared to the consensus estimate of $183.90 million. During the same quarter in the previous year, the business posted ($0.21) EPS.

Hedge Funds Weigh In On Matrix Service

Several institutional investors have recently made changes to their positions in MTRX. Azarias Capital Management L.P. increased its position in 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 valued at $12,643,000 after buying an additional 282,086 shares in the last quarter. Vanguard Group Inc. grew its stake in Matrix Service by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,223,781 shares of the company's stock valued at $15,946,000 after acquiring an additional 11,587 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Matrix Service by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,172,616 shares of the company's stock valued at $11,644,000 after acquiring an additional 3,215 shares in the last quarter. Gendell Jeffrey L raised its position in shares of Matrix Service by 5.8% during the first quarter. Gendell Jeffrey L now owns 870,556 shares of the company's stock worth $11,343,000 after purchasing an additional 48,000 shares during the period. Finally, Royce & Associates LP lifted its holdings 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. Institutional investors and hedge funds own 78.38% of the company's stock.

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.