FY2026 EPS Estimates for Matrix Service Increased by Analyst

Matrix Service (NASDAQ:MTRX) – Stock analysts at DA Davidson raised their FY2026 earnings per share (EPS) estimates for Matrix Service in a research note issued to investors on Tuesday, February 11th. DA Davidson analyst B. Thielman now anticipates that the company will post earnings of $1.25 per share for the year, up from their prior estimate of $1.17. DA Davidson currently has a “Buy” rating and a $20.00 price target on the stock. The consensus estimate for Matrix Service’s current full-year earnings is ($0.04) per share.

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. Matrix Service had a negative net margin of 4.76% and a negative return on equity of 20.81%.

Separately, StockNews.com downgraded shares of Matrix Service from a “strong-buy” rating to a “buy” rating in a report on Friday.

Matrix Service Price Performance

Shares of MTRX stock opened at $15.36 on Wednesday. The company has a market cap of $424.04 million, a PE ratio of -12.59 and a beta of 1.28. Matrix Service has a 1 year low of $8.61 and a 1 year high of $15.75. The stock’s 50 day simple moving average is $13.32 and its two-hundred day simple moving average is $11.88.

Institutional Investors Weigh In On Matrix Service

A number of hedge funds have recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in Matrix Service in the fourth quarter valued at about $45,000. Quarry LP purchased a new stake in Matrix Service during the 3rd quarter worth approximately $53,000. Legal & General Group Plc increased its stake in Matrix Service by 29.6% during the 4th quarter. Legal & General Group Plc now owns 8,236 shares of the company’s stock valued at $99,000 after purchasing an additional 1,881 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Matrix Service by 112.9% in the third quarter. BNP Paribas Financial Markets now owns 9,165 shares of the company’s stock worth $106,000 after buying an additional 4,860 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Matrix Service in the third quarter worth $108,000. 78.38% of the stock is currently owned by hedge funds and other 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.