DA Davidson Raises Earnings Estimates for Matrix Service

Matrix Service (NASDAQ:MTRX) – Stock analysts at DA Davidson upped their FY2026 earnings estimates for shares of Matrix Service in a research report issued to clients and investors on Tuesday, February 11th. DA Davidson analyst B. Thielman now forecasts that the company will earn $1.25 per share for the year, up from their previous estimate of $1.17. DA Davidson has a “Buy” rating and a $20.00 price target on the stock. The consensus estimate for Matrix Service’s current full-year earnings is ($0.04) per share.

Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. Matrix Service had a negative return on equity of 20.81% and a negative net margin of 4.76%.

Separately, StockNews.com raised shares of Matrix Service from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 6th.

Matrix Service Stock Performance

Shares of NASDAQ:MTRX opened at $15.48 on Wednesday. Matrix Service has a 52-week low of $8.61 and a 52-week high of $15.75. The business has a fifty day moving average of $13.23 and a two-hundred day moving average of $11.82.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Harvey Partners LLC increased its stake in Matrix Service by 8.2% during the third quarter. Harvey Partners LLC now owns 1,515,000 shares of the company’s stock worth $17,468,000 after acquiring an additional 115,000 shares during the last quarter. Needham Investment Management LLC grew its holdings in shares of Matrix Service by 38.5% during the 3rd quarter. Needham Investment Management LLC now owns 1,420,000 shares of the company’s stock worth $16,373,000 after purchasing an additional 395,000 shares during the period. Royce & Associates LP increased its position in shares of Matrix Service by 4.0% during the 4th quarter. Royce & Associates LP now owns 898,122 shares of the company’s stock worth $10,751,000 after purchasing an additional 34,860 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Matrix Service by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 598,103 shares of the company’s stock worth $6,898,000 after purchasing an additional 4,709 shares during the last quarter. Finally, Portolan Capital Management LLC raised its holdings in Matrix Service by 34.3% in the 3rd quarter. Portolan Capital Management LLC now owns 509,059 shares of the company’s stock valued at $5,869,000 after buying an additional 129,989 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

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.