DA Davidson Estimates Matrix Service Q3 Earnings

Matrix Service (NASDAQ:MTRX) – Research analysts at DA Davidson issued their Q3 2025 earnings per share (EPS) estimates for Matrix Service in a research report issued on Tuesday, February 11th. DA Davidson analyst B. Thielman expects that the company will post earnings per share of ($0.06) for the quarter. DA Davidson has a “Buy” rating and a $20.00 price objective on the stock. The consensus estimate for Matrix Service’s current full-year earnings is ($0.04) per share. DA Davidson also issued estimates for Matrix Service’s FY2025 earnings at ($0.22) EPS.

Separately, StockNews.com lowered Matrix Service from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Matrix Service Trading Down 0.1 %

Shares of Matrix Service stock opened at $15.36 on Thursday. The firm has a market cap of $424.04 million, a P/E ratio of -12.59 and a beta of 1.28. Matrix Service has a 12 month low of $8.61 and a 12 month high of $15.75. The stock’s fifty day moving average price is $13.32 and its 200-day moving average price is $11.88.

Matrix Service (NASDAQ:MTRX) last released its earnings results on Wednesday, February 5th. The company reported ($0.20) earnings per share for the quarter, topping 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%.

Hedge Funds Weigh In On Matrix Service

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Matrix Service by 204.0% during the third quarter. JPMorgan Chase & Co. now owns 90,663 shares of the company’s stock valued at $1,045,000 after buying an additional 60,838 shares during the period. Barclays PLC boosted its position in Matrix Service by 90.8% during the third quarter. Barclays PLC now owns 53,435 shares of the company’s stock valued at $616,000 after purchasing an additional 25,434 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Matrix Service by 112.9% during the third quarter. BNP Paribas Financial Markets now owns 9,165 shares of the company’s stock valued at $106,000 after purchasing an additional 4,860 shares in the last quarter. State Street Corp boosted its position in Matrix Service by 17.0% during the third quarter. State Street Corp now owns 384,173 shares of the company’s stock valued at $4,430,000 after purchasing an additional 55,691 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Matrix Service by 43.9% during the third quarter. Jane Street Group LLC now owns 50,640 shares of the company’s stock valued at $584,000 after purchasing an additional 15,444 shares in the last quarter. Hedge funds and other institutional investors own 78.38% 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.