FY2026 EPS Estimates for Matrix Service Lifted by Analyst

Matrix Service Company (NASDAQ:MTRX) – Research analysts at DA Davidson upped their FY2026 earnings per share (EPS) estimates for shares of Matrix Service in a report released on Thursday, September 11th. DA Davidson analyst B. Thielman now expects that the company will post earnings of $0.93 per share for the year, up from their previous estimate of $0.83. DA Davidson has a “Buy” rating and a $17.00 price objective on the stock. The consensus estimate for Matrix Service’s current full-year earnings is ($0.26) per share.

Matrix Service (NASDAQ:MTRX) last released its earnings results on Tuesday, September 9th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.30). Matrix Service had a negative return on equity of 17.21% and a negative net margin of 3.83%.The business had revenue of $216.38 million for the quarter, compared to analyst estimates of $232.25 million. During the same quarter in the previous year, the firm posted ($0.14) EPS. Matrix Service has set its FY 2026 guidance at EPS.

Matrix Service Trading Down 1.9%

NASDAQ MTRX opened at $12.80 on Friday. The business’s 50 day moving average is $14.55 and its two-hundred day moving average is $13.03. The stock has a market capitalization of $353.41 million, a price-to-earnings ratio of -12.19, a PEG ratio of 1.07 and a beta of 1.13. Matrix Service has a 12-month low of $9.33 and a 12-month high of $16.10.

Institutional Trading of Matrix Service

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Partners lifted its position in shares of Matrix Service by 71.5% in the second quarter. Boston Partners now owns 844,966 shares of the company’s stock valued at $11,417,000 after acquiring an additional 352,194 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Matrix Service by 24.1% in the second quarter. American Century Companies Inc. now owns 671,398 shares of the company’s stock valued at $9,071,000 after acquiring an additional 130,489 shares in the last quarter. Azarias Capital Management L.P. lifted its stake in shares of Matrix Service by 9.9% during the 2nd quarter. Azarias Capital Management L.P. now owns 627,766 shares of the company’s stock worth $8,481,000 after purchasing an additional 56,611 shares during the period. Geode Capital Management LLC lifted its stake in shares of Matrix Service by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 620,275 shares of the company’s stock worth $8,382,000 after purchasing an additional 3,358 shares during the period. Finally, Gendell Jeffrey L lifted its stake in shares of Matrix Service by 2.9% during the 2nd quarter. Gendell Jeffrey L now owns 614,409 shares of the company’s stock worth $8,301,000 after purchasing an additional 17,291 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Matrix Service Company Profile

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.