Q2 EPS Estimates for Matrix Service Lowered by Sidoti Csr

Matrix Service (NASDAQ:MTRX - Free Report) - Equities research analysts at Sidoti Csr cut their Q2 2025 earnings per share estimates for Matrix Service in a research report issued to clients and investors on Thursday, November 7th. Sidoti Csr analyst J. Franzreb now expects that the company will post earnings of ($0.17) per share for the quarter, down from their prior forecast of ($0.08). The consensus estimate for Matrix Service's current full-year earnings is ($0.06) per share. Sidoti Csr also issued estimates for Matrix Service's Q4 2025 earnings at $0.33 EPS and FY2025 earnings at ($0.08) EPS.

Matrix Service (NASDAQ:MTRX - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.33) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.01). The company 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 period last year, the company earned ($0.21) earnings per share.

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Matrix Service from a "buy" rating to a "hold" rating in a research report on Friday. DA Davidson reaffirmed a "buy" rating and issued a $18.00 price objective on shares of Matrix Service in a research note on Thursday, September 26th.

Matrix Service Trading Down 1.8 %

Shares of Matrix Service stock traded down $0.23 on Monday, reaching $12.78. 45,158 shares of the company were exchanged, compared to its average volume of 219,437. The company has a 50-day moving average of $11.15 and a 200 day moving average of $10.64. The company has a market capitalization of $352.09 million, a price-to-earnings ratio of -11.62 and a beta of 1.25. Matrix Service has a one year low of $8.61 and a one year high of $13.90.

Institutional Investors Weigh In On Matrix Service

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in shares of Matrix Service by 92.0% during the first quarter. Jane Street Group LLC now owns 308,743 shares of the company's stock worth $4,023,000 after purchasing an additional 147,942 shares during the last quarter. Ancora Advisors LLC raised its stake in shares of Matrix Service by 71.8% during the first quarter. Ancora Advisors LLC now owns 121,863 shares of the company's stock valued at $1,588,000 after acquiring an additional 50,940 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of 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 worth $5,714,000 after purchasing an additional 65,902 shares during the period. Azarias Capital Management L.P. increased its holdings in Matrix Service by 28.5% in the second quarter. Azarias Capital Management L.P. now owns 1,273,193 shares of the company's stock valued at $12,643,000 after purchasing an additional 282,086 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in Matrix Service during the 2nd quarter worth $830,000. Institutional investors 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.