DA Davidson Comments on Matrix Service Q2 Earnings

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

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.01) earnings per share (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 reaffirmed a “sell (d-)” rating on shares of Matrix Service in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.00.

Matrix Service Price Performance

Shares of MTRX stock opened at $12.53 on Wednesday. Matrix Service has a one year low of $9.33 and a one year high of $16.10. The firm has a 50-day moving average of $13.41 and a 200-day moving average of $13.52. The company has a market cap of $351.70 million, a P/E ratio of -11.93, a P/E/G ratio of 1.23 and a beta of 1.06.

Institutional Investors Weigh In On Matrix Service

A number of hedge funds and other institutional investors have recently bought and sold shares of MTRX. State of Wyoming grew its position in 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 lifted its stake in shares of Matrix Service by 4.2% in the second quarter. Saturna Capital Corp now owns 23,850 shares of the company’s stock worth $322,000 after buying an additional 964 shares in the last quarter. Sei Investments Co. grew its holdings 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 increased its position 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 acquiring an additional 1,032 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Matrix Service by 133.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company’s stock worth $45,000 after acquiring an additional 1,893 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Insider Buying and Selling at Matrix Service

In other Matrix Service news, Director John D. Chandler purchased 2,300 shares of the stock in a transaction on Tuesday, September 16th. The stock was acquired at an average price of $12.74 per share, with a total value of $29,302.00. Following the transaction, the director directly owned 78,053 shares of the company’s stock, valued at approximately $994,395.22. This trade represents a 3.04% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.40% of the company’s stock.

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.