DA Davidson Boosts Earnings Estimates for Matrix Service

Key Points

• DA Davidson has revised its FY2026 earnings estimate for Matrix Service from $0.83 to $0.93 per share, maintaining a "Buy" rating and a target price of $17.00.
• Matrix Service reported a quarterly loss of ($0.28) EPS, missing the consensus estimate by ($0.30) and generating revenue below expectations at $216.38 million.
• The stock of Matrix Service has increased by 6.4%, with institutional investors holding 78.38% of the company's stock and recent adjustments made to their positions.

Matrix Service Company (NASDAQ:MTRX - Free Report) - Equities researchers at DA Davidson upped their FY2026 earnings estimates for Matrix Service in a report issued on Thursday, September 11th. DA Davidson analyst B. Thielman now forecasts that the company will post earnings per share of $0.93 for the year, up from their prior forecast of $0.83. DA Davidson currently has a "Buy" rating and a $17.00 price target on the stock. The consensus estimate for Matrix Service's current full-year earnings is ($0.26) per share.

Matrix Service Stock Down 1.6%

Shares of NASDAQ:MTRX traded down $0.21 during trading on Friday, reaching $12.78. 308,093 shares of the company traded hands, compared to its average volume of 200,855. The firm has a fifty day simple moving average of $14.54 and a 200 day simple moving average of $13.03. The firm has a market cap of $352.86 million, a P/E ratio of -12.17, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. Matrix Service has a 1-year low of $9.33 and a 1-year high of $16.10.

Matrix Service (NASDAQ:MTRX - Get Free Report) last posted its quarterly 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 during the quarter, compared to analyst estimates of $232.25 million. During the same quarter last year, the firm posted ($0.14) EPS. Matrix Service has set its FY 2026 guidance at EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in shares of Matrix Service by 180.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the company's stock valued at $32,000 after acquiring an additional 1,746 shares in the last quarter. Northern Trust Corp lifted its position in shares of Matrix Service by 6.3% during the fourth quarter. Northern Trust Corp now owns 252,557 shares of the company's stock worth $3,023,000 after purchasing an additional 15,015 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Matrix Service by 11.2% during the fourth quarter. Ameriprise Financial Inc. now owns 89,176 shares of the company's stock worth $1,067,000 after purchasing an additional 8,956 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Matrix Service during the fourth quarter worth approximately $120,000. Finally, Deutsche Bank AG raised its stake in shares of Matrix Service by 49.7% during the fourth quarter. Deutsche Bank AG now owns 30,544 shares of the company's stock worth $366,000 after buying an additional 10,142 shares during the last quarter. 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.