Sidoti Csr Decreases Earnings Estimates for Matrix Service

Matrix Service (NASDAQ:MTRX) – Stock analysts at Sidoti Csr decreased their Q2 2025 earnings estimates for Matrix Service in a research report issued to clients and investors on Thursday, November 7th. Sidoti Csr analyst J. Franzreb now anticipates that the company will earn ($0.17) per share for the quarter, down from their prior estimate of ($0.08). The consensus estimate for Matrix Service’s current full-year earnings is ($0.06) per share. Sidoti Csr also issued estimates for Matrix Service’s Q4 2025 earnings at $0.33 EPS and FY2025 earnings at ($0.08) EPS.

MTRX has been the topic of a number of other research reports. StockNews.com cut shares of Matrix Service from a “buy” rating to a “hold” rating in a research note on Friday. DA Davidson reissued a “buy” rating and issued a $18.00 target price on shares of Matrix Service in a report on Thursday, September 26th.

Matrix Service Price Performance

MTRX opened at $12.83 on Monday. The company has a market capitalization of $353.44 million, a P/E ratio of -11.46 and a beta of 1.25. The firm’s fifty day moving average price is $11.15 and its two-hundred day moving average price is $10.64. Matrix Service has a fifty-two week low of $8.61 and a fifty-two week high of $13.90.

Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). The firm had revenue of $165.58 million during the quarter, compared to the consensus estimate of $183.90 million. Matrix Service had a negative return on equity of 19.56% and a negative net margin of 4.46%. During the same quarter in the prior year, the business posted ($0.21) EPS.

Hedge Funds Weigh In On Matrix Service

Institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Matrix Service by 44.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,302 shares of the company’s stock valued at $1,917,000 after acquiring an additional 51,433 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Matrix Service by 14.3% in the third quarter. Royce & Associates LP now owns 863,262 shares of the company’s stock valued at $9,953,000 after buying an additional 107,820 shares during the last quarter. Victory Capital Management Inc. increased its position in Matrix Service by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 72,587 shares of the company’s stock valued at $837,000 after acquiring an additional 2,987 shares in the last quarter. Keene & Associates Inc. lifted its position in shares of Matrix Service by 13.9% during the third quarter. Keene & Associates Inc. now owns 61,575 shares of the company’s stock worth $710,000 after purchasing an additional 7,520 shares in the last quarter. Finally, Stanley Laman Group Ltd. grew its stake in shares of Matrix Service by 2.7% during the third quarter. Stanley Laman Group Ltd. now owns 335,444 shares of the company’s stock valued at $3,868,000 after purchasing an additional 8,823 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

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.