FY2026 EPS Estimates for Matrix Service Cut by DA Davidson

Matrix Service Company (NASDAQ:MTRX) – Analysts at DA Davidson cut their FY2026 earnings per share estimates for Matrix Service in a research note issued on Tuesday, November 11th. DA Davidson analyst B. Thielman now forecasts that the company will post earnings of $0.41 per share for the year, down from their prior estimate of $0.93. DA Davidson has a “Buy” rating and a $17.00 price objective on the stock. The consensus estimate for Matrix Service’s current full-year earnings is ($0.26) per share.

Matrix Service (NASDAQ:MTRX) last released its earnings results on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. Matrix Service had a negative return on equity of 17.21% and a negative net margin of 3.83%.The company had revenue of $211.88 million during the quarter, compared to analysts’ expectations of $206.66 million. Matrix Service has set its FY 2026 guidance at EPS.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Matrix Service in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Matrix Service currently has a consensus rating of “Hold” and a consensus price target of $17.00.

Matrix Service Stock Performance

Shares of MTRX traded down $0.34 during mid-day trading on Thursday, reaching $11.89. 91,051 shares of the company’s stock traded hands, compared to its average volume of 216,979. Matrix Service has a 12 month low of $9.33 and a 12 month high of $16.10. The stock has a market capitalization of $333.60 million, a P/E ratio of -11.35, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The business’s 50-day moving average price is $13.37 and its 200-day moving average price is $13.51.

Insider Transactions at Matrix Service

In other Matrix Service news, insider Shawn P. Payne sold 8,250 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $12.58, for a total transaction of $103,785.00. Following the sale, the insider directly owned 110,429 shares of the company’s stock, valued at approximately $1,389,196.82. This represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John D. Chandler acquired 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The stock was bought at an average price of $12.74 per share, with a total value of $29,302.00. Following the completion of the acquisition, the director directly owned 78,053 shares of the company’s stock, valued at $994,395.22. This trade represents a 3.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 4.40% of the stock is owned by company insiders.

Institutional Trading of Matrix Service

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Matrix Service by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,522,943 shares of the company’s stock valued at $19,920,000 after acquiring an additional 60,955 shares during the last quarter. Boston Partners boosted its stake in Matrix Service by 71.5% during the 2nd quarter. Boston Partners now owns 844,966 shares of the company’s stock valued at $11,417,000 after purchasing an additional 352,194 shares during the last quarter. American Century Companies Inc. lifted its stake in Matrix Service by 24.1% during the 2nd quarter. American Century Companies Inc. now owns 671,398 shares of the company’s stock valued at $9,071,000 after acquiring an additional 130,489 shares during the period. Azarias Capital Management L.P. boosted its stake in shares of Matrix Service by 1.1% in the 3rd quarter. Azarias Capital Management L.P. now owns 634,843 shares of the company’s stock worth $8,304,000 after buying an additional 7,077 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Matrix Service by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 620,275 shares of the company’s stock valued at $8,382,000 after purchasing an additional 3,358 shares during 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.