DA Davidson Brokers Lower Earnings Estimates for Matrix Service (NASDAQ:MTRX)

Matrix Service (NASDAQ:MTRX) – Stock analysts at DA Davidson decreased their Q1 2025 earnings per share (EPS) estimates for shares of Matrix Service in a report released on Thursday, September 26th. DA Davidson analyst B. Thielman now anticipates that the company will post earnings of ($0.46) per share for the quarter, down from their previous estimate of ($0.28). DA Davidson currently has a “Buy” rating and a $18.00 target price on the stock. The consensus estimate for Matrix Service’s current full-year earnings is ($0.03) per share. DA Davidson also issued estimates for Matrix Service’s FY2025 earnings at ($0.05) EPS.

Separately, StockNews.com downgraded Matrix Service from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th.

Matrix Service Stock Performance

Matrix Service stock opened at $11.55 on Monday. Matrix Service has a fifty-two week low of $8.61 and a fifty-two week high of $13.90. The company has a market capitalization of $315.42 million, a PE ratio of -15.20 and a beta of 1.24. The company has a 50 day moving average price of $10.03 and a 200-day moving average price of $10.88.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Azarias Capital Management L.P. boosted its holdings in Matrix Service by 28.5% in the 2nd quarter. Azarias Capital Management L.P. now owns 1,273,193 shares of the company’s stock worth $12,643,000 after buying an additional 282,086 shares during the last quarter. Vanguard Group Inc. raised its holdings in Matrix Service by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,223,781 shares of the company’s stock valued at $15,946,000 after buying an additional 11,587 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Matrix Service by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,172,616 shares of the company’s stock worth $11,644,000 after acquiring an additional 3,215 shares during the last quarter. Gendell Jeffrey L grew its stake in Matrix Service by 5.8% during the 1st quarter. Gendell Jeffrey L now owns 870,556 shares of the company’s stock worth $11,343,000 after purchasing an additional 48,000 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Matrix Service by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 575,428 shares of the company’s stock valued at $5,714,000 after buying an additional 65,902 shares during the period. 78.38% of the stock is 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.