FY2026 EPS Estimates for Matrix Service Lifted by Analyst

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 raised their FY2026 EPS estimates for Matrix Service in a report released on Thursday, September 11th. DA Davidson analyst B. Thielman now anticipates that the company will post earnings of $0.93 per share for the year, up from their prior estimate of $0.83. DA Davidson currently has a "Buy" rating and a $17.00 target price on the stock. The consensus estimate for Matrix Service's current full-year earnings is ($0.26) per share.

Matrix Service (NASDAQ:MTRX - Get Free Report) last issued its quarterly earnings results on Tuesday, September 9th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.30). The company had revenue of $216.38 million during the quarter, compared to analyst estimates of $232.25 million. Matrix Service had a negative net margin of 3.83% and a negative return on equity of 17.21%. During the same period in the prior year, the business earned ($0.14) EPS. Matrix Service has set its FY 2026 guidance at EPS.

Matrix Service Trading Up 2.2%

Shares of Matrix Service stock traded up $0.29 during midday trading on Friday, reaching $13.07. The company had a trading volume of 173,353 shares, compared to its average volume of 200,624. The company has a market capitalization of $360.75 million, a price-to-earnings ratio of -12.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.13. The stock has a fifty day simple moving average of $14.52 and a 200 day simple moving average of $13.03. Matrix Service has a 1-year low of $9.33 and a 1-year high of $16.10.

Hedge Funds Weigh In On Matrix Service

Several institutional investors and hedge funds have recently made changes to their positions in MTRX. New York State Teachers Retirement System acquired a new position in shares of Matrix Service in the 1st quarter valued at $30,000. Tower Research Capital LLC TRC grew its holdings in shares of Matrix Service by 180.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the company's stock valued at $32,000 after buying an additional 1,746 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Matrix Service by 68.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company's stock valued at $34,000 after buying an additional 1,032 shares during the period. Brooklyn Investment Group grew its holdings in shares of Matrix Service by 2,026.3% in the 1st quarter. Brooklyn Investment Group now owns 3,402 shares of the company's stock valued at $42,000 after buying an additional 3,242 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Matrix Service by 133.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company's stock valued at $45,000 after buying an additional 1,893 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

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.