DA Davidson Comments on Matrix Service Q2 Earnings

Matrix Service Company (NASDAQ:MTRX) – Equities researchers at DA Davidson issued their Q2 2026 EPS estimates for shares of Matrix Service in a research report issued on Tuesday, November 11th. DA Davidson analyst B. Thielman anticipates that the company will earn $0.04 per share for the quarter. 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. DA Davidson also issued estimates for Matrix Service’s FY2027 earnings at $0.94 EPS.

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

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

Matrix Service Price Performance

NASDAQ:MTRX opened at $11.72 on Wednesday. The company has a market capitalization of $328.97 million, a P/E ratio of -11.16, a P/E/G ratio of 1.23 and a beta of 1.06. The business has a fifty day simple moving average of $13.31 and a two-hundred day simple moving average of $13.50. Matrix Service has a 1 year low of $9.33 and a 1 year high of $16.10.

Hedge Funds Weigh In On Matrix Service

A number of large investors have recently modified their holdings of the company. State of Wyoming grew its holdings in shares of Matrix Service by 4.2% during the 3rd quarter. State of Wyoming now owns 17,401 shares of the company’s stock valued at $228,000 after purchasing an additional 696 shares during the last quarter. Saturna Capital Corp boosted its position in Matrix Service by 4.2% during the second quarter. Saturna Capital Corp now owns 23,850 shares of the company’s stock valued at $322,000 after buying an additional 964 shares during the period. Sei Investments Co. grew its stake in shares of Matrix Service by 7.2% during the second quarter. Sei Investments Co. now owns 15,170 shares of the company’s stock valued at $205,000 after buying an additional 1,025 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Matrix Service by 68.9% during the second quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company’s stock valued at $34,000 after buying an additional 1,032 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Matrix Service by 133.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company’s stock worth $45,000 after buying an additional 1,893 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

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.