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

Matrix Service (NASDAQ:MTRX) – Analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Matrix Service in a research note issued to investors on Tuesday, September 10th. DA Davidson analyst B. Thielman forecasts that the company will post earnings per share of ($0.09) for the quarter. DA Davidson has a “Buy” rating and a $18.00 price target 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 Price Performance

NASDAQ:MTRX opened at $10.61 on Thursday. Matrix Service has a 1 year low of $8.26 and a 1 year high of $13.90. The stock’s fifty day moving average price is $9.66 and its two-hundred day moving average price is $10.98. The company has a market cap of $289.75 million, a P/E ratio of -13.96, a P/E/G ratio of 2.81 and a beta of 1.24.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quest Partners LLC purchased a new stake in Matrix Service in the second quarter valued at approximately $83,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Matrix Service during the 2nd quarter valued at $110,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Matrix Service during the 4th quarter worth $126,000. XTX Topco Ltd grew its position in 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. Finally, Quadrature Capital Ltd increased its stake in Matrix Service by 38.8% in the fourth quarter. Quadrature Capital Ltd now owns 28,807 shares of the company’s stock valued at $281,000 after acquiring an additional 8,059 shares during the last quarter. 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.