DA Davidson Predicts Increased Earnings for Matrix Service

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

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

Matrix Service Trading Down 0.1 %

Matrix Service stock opened at $15.36 on Wednesday. The firm has a market cap of $424.04 million, a PE ratio of -12.59 and a beta of 1.28. The stock’s 50 day simple moving average is $13.32 and its two-hundred day simple moving average is $11.88. Matrix Service has a 12 month low of $8.61 and a 12 month high of $15.75.

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

Institutional Trading of Matrix Service

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of Matrix Service by 204.0% during the third quarter. JPMorgan Chase & Co. now owns 90,663 shares of the company’s stock worth $1,045,000 after purchasing an additional 60,838 shares in the last quarter. Barclays PLC grew its stake in Matrix Service by 90.8% during the 3rd quarter. Barclays PLC now owns 53,435 shares of the company’s stock valued at $616,000 after acquiring an additional 25,434 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Matrix Service by 112.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,165 shares of the company’s stock worth $106,000 after purchasing an additional 4,860 shares during the last quarter. State Street Corp lifted its position in Matrix Service by 17.0% during the third quarter. State Street Corp now owns 384,173 shares of the company’s stock worth $4,430,000 after buying an additional 55,691 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Matrix Service by 43.9% in the 3rd quarter. Jane Street Group LLC now owns 50,640 shares of the company’s stock valued at $584,000 after buying an additional 15,444 shares in the last quarter. 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.