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

Matrix Service (NASDAQ:MTRX) – DA Davidson decreased their Q1 2025 EPS estimates for Matrix Service in a report issued on Thursday, September 26th. DA Davidson analyst B. Thielman now anticipates that the company will post earnings per share of ($0.46) for the quarter, down from their prior forecast of ($0.28). 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 ($0.03) per share. DA Davidson also issued estimates for Matrix Service’s FY2025 earnings at ($0.05) EPS.

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

Matrix Service Stock Up 2.8 %

NASDAQ:MTRX opened at $11.85 on Monday. The company has a market cap of $323.61 million, a P/E ratio of -15.28 and a beta of 1.24. Matrix Service has a fifty-two week low of $8.61 and a fifty-two week high of $13.90. The firm’s 50 day moving average is $10.05 and its two-hundred day moving average is $10.85.

Institutional Investors Weigh In On Matrix Service

Large investors have recently made changes to their positions in the business. Quest Partners LLC acquired a new stake in shares of Matrix Service in the second quarter worth $83,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Matrix Service in the second quarter worth $110,000. XTX Topco Ltd increased its position in shares of Matrix Service by 66.3% in the second quarter. XTX Topco Ltd now owns 20,932 shares of the company’s stock worth $208,000 after acquiring an additional 8,344 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of Matrix Service by 38.8% in the fourth quarter. Quadrature Capital Ltd now owns 28,807 shares of the company’s stock worth $281,000 after acquiring an additional 8,059 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Matrix Service in the fourth quarter worth $317,000. Institutional investors and hedge funds 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.