Research Analysts Offer Predictions for Matrix Service’s Q1 2025 Earnings (NASDAQ:MTRX)

Matrix Service (NASDAQ:MTRX) – Research analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Matrix Service in a report released on Tuesday, September 10th. DA Davidson analyst B. Thielman expects that the company will post earnings of ($0.09) per share for the quarter. DA Davidson has a “Buy” rating and a $18.00 price objective on the stock. The consensus estimate for Matrix Service’s current full-year earnings is ($1.13) per share.

Separately, StockNews.com upgraded Matrix Service from a “hold” rating to a “buy” rating in a research note on Tuesday.

Matrix Service Stock Performance

Shares of MTRX stock opened at $10.61 on Thursday. The company has a market capitalization of $289.75 million, a price-to-earnings ratio of -13.96, a PEG ratio of 2.81 and a beta of 1.24. Matrix Service has a 52-week low of $8.26 and a 52-week high of $13.90. The company has a 50-day simple moving average of $9.66 and a two-hundred day simple moving average of $10.98.

Institutional Trading of Matrix Service

A number of large investors have recently added to or reduced their stakes in MTRX. Azarias Capital Management L.P. increased its stake in shares of Matrix Service by 28.5% during the 2nd quarter. Azarias Capital Management L.P. now owns 1,273,193 shares of the company’s stock worth $12,643,000 after purchasing an additional 282,086 shares during the last quarter. Jane Street Group LLC grew its holdings in Matrix Service by 92.0% during the first quarter. Jane Street Group LLC now owns 308,743 shares of the company’s stock valued at $4,023,000 after purchasing an additional 147,942 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Matrix Service in the second quarter worth $830,000. Bank of New York Mellon Corp raised its stake in shares of Matrix Service by 12.9% in the second 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. Finally, Ancora Advisors LLC lifted its position in shares of Matrix Service by 71.8% during the 1st quarter. Ancora Advisors LLC now owns 121,863 shares of the company’s stock valued at $1,588,000 after buying an additional 50,940 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Matrix Service Company Profile

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.