FY2026 EPS Forecast for Matrix Service Lowered by Analyst

Matrix Service Company (NASDAQ:MTRX) – Stock analysts at DA Davidson dropped their FY2026 earnings per share estimates for shares of Matrix Service in a research report issued to clients and investors on Tuesday, November 11th. DA Davidson analyst B. Thielman now anticipates that the company will earn $0.41 per share for the year, down from their prior estimate of $0.93. DA Davidson currently has a “Buy” rating and a $17.00 target price on the stock. The consensus estimate for Matrix Service’s current full-year earnings is ($0.26) per share.

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

Matrix Service Stock Down 4.1%

Shares of NASDAQ:MTRX opened at $11.72 on Thursday. Matrix Service has a 52 week low of $9.33 and a 52 week high of $16.10. The stock has a market capitalization of $328.97 million, a P/E ratio of -11.16, a PEG ratio of 1.23 and a beta of 1.06. The firm has a fifty day simple moving average of $13.31 and a two-hundred day simple moving average of $13.50.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. CenterBook Partners LP increased its stake in Matrix Service by 789.6% in the first quarter. CenterBook Partners LP now owns 536,447 shares of the company’s stock worth $6,668,000 after purchasing an additional 476,148 shares during the period. Boston Partners grew its holdings in shares of Matrix Service by 787.1% in the first quarter. Boston Partners now owns 492,772 shares of the company’s stock worth $6,123,000 after purchasing an additional 437,222 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Matrix Service by 244.6% in the first quarter. Bank of New York Mellon Corp now owns 403,385 shares of the company’s stock worth $5,014,000 after purchasing an additional 286,326 shares during the last quarter. AQR Capital Management LLC increased its stake in Matrix Service by 601.5% in the 1st quarter. AQR Capital Management LLC now owns 291,804 shares of the company’s stock worth $3,627,000 after buying an additional 250,206 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Matrix Service by 83.4% during the 1st quarter. American Century Companies Inc. now owns 540,909 shares of the company’s stock valued at $6,723,000 after buying an additional 246,020 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Insiders Place Their Bets

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