Research Analysts Issue Forecasts for Matrix Service’s Q1 2025 Earnings (NASDAQ:MTRX)

Matrix Service (NASDAQ:MTRX) – DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Matrix Service in a note issued to investors on Tuesday, September 10th. DA Davidson analyst B. Thielman anticipates that the company will post earnings of ($0.09) per share for the quarter. 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 ($1.13) per share.

Separately, StockNews.com raised Matrix Service from a “hold” rating to a “buy” rating in a report on Tuesday.

Matrix Service Price Performance

Shares of MTRX opened at $10.67 on Thursday. The company has a market capitalization of $291.39 million, a P/E ratio of -14.04, a PEG ratio of 2.81 and a beta of 1.24. Matrix Service has a one year low of $8.61 and a one year high of $13.90. The business’s 50 day simple moving average is $9.69 and its 200-day simple moving average is $10.98.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MTRX. Quest Partners LLC acquired a new position in Matrix Service during the 2nd quarter worth $83,000. The Manufacturers Life Insurance Company acquired a new position in Matrix Service during the 2nd quarter worth $110,000. Dynamic Technology Lab Private Ltd acquired a new position in Matrix Service during the 4th quarter worth $126,000. XTX Topco Ltd lifted its holdings in Matrix Service by 66.3% during the 2nd quarter. XTX Topco Ltd now owns 20,932 shares of the company’s stock worth $208,000 after buying an additional 8,344 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in Matrix Service by 38.8% during the 4th quarter. Quadrature Capital Ltd now owns 28,807 shares of the company’s stock worth $281,000 after buying an additional 8,059 shares in the last quarter. 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.