Matrix Service (NASDAQ:MTRX) Releases Quarterly Earnings Results

Matrix Service (NASDAQ:MTRX) released its quarterly earnings results on Wednesday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01), Zacks reports. Matrix Service had a negative net margin of 1.77% and a negative return on equity of 3.60%.

Matrix Service Price Performance

NASDAQ:MTRX traded up $0.16 during trading hours on Wednesday, hitting $10.86. 445,031 shares of the company were exchanged, compared to its average volume of 260,232. Matrix Service has a 52-week low of $9.88 and a 52-week high of $15.97. The stock has a market capitalization of $305.49 million, a price-to-earnings ratio of -20.49, a PEG ratio of 0.86 and a beta of 0.98. The company’s 50 day moving average price is $12.06 and its 200-day moving average price is $12.10.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Matrix Service in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Matrix Service presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Key Stories Impacting Matrix Service

Here are the key news stories impacting Matrix Service this week:

• Positive Sentiment: Matrix was awarded the front-end engineering and design (FEED) contract for the storage tank farm at America First Refining’s planned Brownsville, Texas, refinery. The project is expected to process approximately 60 million barrels of domestic crude annually and could strengthen Matrix’s energy-infrastructure backlog and industry credentials. However, the award is for design work, and additional construction opportunities remain dependent on the refinery reaching a final investment decision. Matrix Announces Award for Front-End Engineering and Design on America First Refining Storage Tank Farm
• Neutral Sentiment: Sidoti’s published fiscal 2028 quarterly EPS projections range from $0.15 to $0.28, including $0.19 for the first quarter and $0.28 for the second quarter. The estimates suggest potential earnings growth, but they are forward-looking and do not represent a ratings upgrade or price-target change.
• Negative Sentiment: Matrix reported quarterly EPS of $0.16, narrowly missing the $0.17 consensus estimate. The company also posted a negative 1.77% net margin and negative 3.60% return on equity, underscoring ongoing profitability pressure. Matrix Service Company Reports Fiscal Year 2026 Fourth Quarter and Full-Year Results
• Negative Sentiment: Reported insider activity has been entirely sales-oriented over the past six months: executives sold shares in six transactions, including substantial sales by the CFO. While insider sales can have multiple explanations, the absence of insider purchases may weigh on investor sentiment.

Institutional Investors Weigh In On Matrix Service

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position 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 period. Westerly Capital Management LLC grew its stake in Matrix Service by 34.1% during the 3rd quarter. Westerly Capital Management LLC now owns 1,100,000 shares of the company’s stock valued at $14,388,000 after purchasing an additional 280,000 shares during the last quarter. Gendell Jeffrey L increased its holdings in shares of Matrix Service by 11.7% in the fourth quarter. Gendell Jeffrey L now owns 1,057,561 shares of the company’s stock valued at $12,373,000 after purchasing an additional 111,087 shares during the period. Geode Capital Management LLC increased its holdings in shares of Matrix Service by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 667,970 shares of the company’s stock valued at $7,817,000 after purchasing an additional 23,358 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Matrix Service by 46.5% in the third quarter. Millennium Management LLC now owns 630,396 shares of the company’s stock worth $8,246,000 after purchasing an additional 200,189 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Matrix Service Company Profile

Matrix Service Company (NASDAQ: MTRX) is a provider of engineered construction, fabrication and maintenance services to the energy, industrial and power markets. The firm offers a full suite of engineering, procurement and construction (EPC) solutions for clients in the oil and gas, petrochemical, refining, mining, fertilizer and power generation industries. Its capabilities span from front-end engineering design through plant commissioning, with specializations in modular process skid fabrication, structural steel erection and complex piping systems.

The company’s service portfolio includes onshore and offshore pipe fabrication, equipment setting, industrial maintenance and shutdown services, electrical and instrumentation installation, and skid-mount and modular construction.