Weiss Ratings Reaffirms "Sell (D-)" Rating for Matrix Service (NASDAQ:MTRX)

Key Points

• Weiss Ratings has restated a "Sell (D-)" rating for Matrix Service (NASDAQ:MTRX), indicating ongoing negative sentiment towards the company's stock performance.
• DA Davidson has decreased its price target for Matrix Service from $18 to $17 while maintaining a "Buy" rating, suggesting mixed opinions among analysts.
• Matrix Service reported a quarterly loss of ($0.28) earnings per share, significantly missing analysts' estimates and causing concerns about its financial health, with a negative return on equity of 17.21%.

Matrix Service (NASDAQ:MTRX - Get Free Report)'s stock had its "sell (d-)" rating restated by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, DA Davidson reduced their price objective on shares of Matrix Service from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Matrix Service has a consensus rating of "Hold" and an average target price of $17.00.

Matrix Service Stock Performance

NASDAQ MTRX opened at $12.80 on Wednesday. The firm's fifty day moving average price is $14.01 and its two-hundred day moving average price is $13.08. The stock has a market cap of $359.28 million, a PE ratio of -12.19, a PEG ratio of 1.04 and a beta of 1.07. Matrix Service has a fifty-two week low of $9.33 and a fifty-two week high of $16.10.

Matrix Service (NASDAQ:MTRX - Get Free Report) last posted its 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 for the quarter, compared to the consensus estimate of $232.25 million. Matrix Service had a negative return on equity of 17.21% and a negative net margin of 3.83%.During the same period in the previous year, the firm posted ($0.14) EPS. Matrix Service has set its FY 2026 guidance at EPS. As a group, sell-side analysts predict that Matrix Service will post -0.26 earnings per share for the current fiscal year.

Insider Transactions at Matrix Service

In other news, Director John D. Chandler bought 2,300 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The shares were acquired at an average price of $12.74 per share, for a total transaction of $29,302.00. Following the completion of the acquisition, the director directly owned 78,053 shares in the company, valued at approximately $994,395.22. This represents a 3.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 4.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Matrix Service

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Saturna Capital Corp raised its holdings in shares of Matrix Service by 4.2% in the 2nd quarter. Saturna Capital Corp now owns 23,850 shares of the company's stock worth $322,000 after acquiring an additional 964 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Matrix Service by 7.2% in the 2nd quarter. Sei Investments Co. now owns 15,170 shares of the company's stock worth $205,000 after acquiring an additional 1,025 shares during the last quarter. BNP Paribas Financial Markets raised 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 worth $34,000 after acquiring an additional 1,032 shares during the last quarter. Tower Research Capital LLC TRC raised 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 worth $45,000 after acquiring an additional 1,893 shares during the last quarter. Finally, State of Wyoming raised its holdings in shares of Matrix Service by 6.4% in the 1st quarter. State of Wyoming now owns 37,465 shares of the company's stock worth $466,000 after acquiring an additional 2,241 shares during the last quarter. Institutional investors and hedge funds 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.

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