Sidoti Csr Has Negative View of Matrix Service Q2 Earnings

Key Points

• Matrix Service Company saw its Q2 2026 EPS estimate cut from $0.10 to $0.09 by Sidoti Csr, with a current consensus estimate for the full year at ($0.26) per share.
• DA Davidson lowered its target price for Matrix Service from $18.00 to $17.00, maintaining a "buy" rating based on an average target price of $17.00 and overall positive sentiment among analysts.
• In its latest quarterly earnings report, Matrix Service reported a loss of ($0.28) per share, missing expectations and recording revenue of $216.38 million against an estimate of $232.25 million.

Matrix Service Company (NASDAQ:MTRX - Free Report) - Analysts at Sidoti Csr decreased their Q2 2026 earnings estimates for shares of Matrix Service in a report issued on Thursday, September 11th. Sidoti Csr analyst J. Franzreb now expects that the company will post earnings per share of $0.09 for the quarter, down from their previous estimate of $0.10. The consensus estimate for Matrix Service's current full-year earnings is ($0.26) per share. Sidoti Csr also issued estimates for Matrix Service's Q4 2027 earnings at $0.35 EPS.

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

Separately, DA Davidson reduced their price objective on shares of Matrix Service from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $17.00.

Matrix Service Stock Performance

Shares of NASDAQ:MTRX traded down $0.21 during trading hours on Friday, hitting $12.78. 308,093 shares of the company's stock traded hands, compared to its average volume of 200,855. Matrix Service has a 52 week low of $9.33 and a 52 week high of $16.10. The company has a market cap of $352.86 million, a price-to-earnings ratio of -12.17, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. The company's fifty day simple moving average is $14.54 and its two-hundred day simple moving average is $13.03.

Hedge Funds Weigh In On Matrix Service

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTRX. Tower Research Capital LLC TRC raised its position in Matrix Service by 180.6% during the fourth 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 raised its position in Matrix Service by 6.3% during the fourth quarter. Northern Trust Corp now owns 252,557 shares of the company's stock valued at $3,023,000 after acquiring an additional 15,015 shares in the last quarter. Ameriprise Financial Inc. raised its position in Matrix Service by 11.2% during the fourth quarter. Ameriprise Financial Inc. now owns 89,176 shares of the company's stock valued at $1,067,000 after acquiring an additional 8,956 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Matrix Service during the fourth quarter valued at approximately $120,000. Finally, Deutsche Bank AG boosted its position in 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 purchasing an additional 10,142 shares during the period. Institutional investors 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.