Matrix Service (NASDAQ:MTRX) Issues Earnings Results

Matrix Service (NASDAQ:MTRX) posted its earnings results on Wednesday. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01), Zacks reports. Matrix Service had a negative return on equity of 3.60% and a negative net margin of 1.77%.The company had revenue of $244.53 million for the quarter, compared to the consensus estimate of $247.04 million.

Matrix Service Price Performance

MTRX opened at $10.86 on Thursday. Matrix Service has a fifty-two week low of $9.88 and a fifty-two week high of $15.97. The firm has a market capitalization of $305.54 million, a price-to-earnings ratio of -20.49, a PEG ratio of 0.86 and a beta of 0.98. The company’s 50 day moving average price is $12.01 and its two-hundred day moving average price is $12.10.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Matrix Service in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Institutional Trading of Matrix Service

Several institutional investors have recently modified their holdings of the business. Sei Investments Co. raised its position in Matrix Service by 7.2% during the 2nd quarter. Sei Investments Co. now owns 15,170 shares of the company’s stock worth $205,000 after purchasing an additional 1,025 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Matrix Service by 68.9% during the second quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company’s stock worth $34,000 after acquiring an additional 1,032 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Matrix Service by 133.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company’s stock worth $45,000 after acquiring an additional 1,893 shares during the period. Quarry LP bought a new stake in Matrix Service in the third quarter valued at approximately $28,000. Finally, State Street Corp increased its position in Matrix Service by 0.5% during the 4th quarter. State Street Corp now owns 533,485 shares of the company’s stock valued at $6,242,000 after purchasing an additional 2,517 shares during the period. Institutional investors own 78.38% of the company’s stock.

Key Headlines Impacting Matrix Service

Here are the key news stories impacting Matrix Service this week:

• Positive Sentiment: Matrix Service received a front-end engineering and design (FEED) contract from America First Refining for the storage tank farm at a planned refinery in Brownsville, Texas. The project is expected to process about 60 million barrels of domestic crude annually and could enhance Matrix’s positioning in energy infrastructure. The award is a step toward AFR’s final investment decision, although the contract’s value was not disclosed. Matrix Announces Award for Front-End Engineering and Design on America First Refining Storage Tank Farm
• Positive Sentiment: Fiscal fourth-quarter adjusted earnings improved substantially, swinging to $0.16 per share from a $0.28-per-share loss a year earlier. Revenue increased year over year to $244.53 million, signaling continued demand across Matrix’s industrial and energy markets. Matrix Service Fiscal Q4 Swings to Adjusted Earnings, Revenue Rise
• Neutral Sentiment: Analysts at Sidoti published fiscal 2028 quarterly EPS estimates ranging from $0.15 to $0.28, while maintaining a full-year consensus estimate of $0.25. The estimates provide a longer-term profitability benchmark but do not represent a change in the company’s outlook.
• Negative Sentiment: Fourth-quarter EPS of $0.16 fell short of the $0.17 consensus estimate, while revenue of $244.53 million missed the $247.04 million forecast. Matrix also continued to report a negative net margin and negative return on equity, keeping execution and sustained profitability as key investor concerns. Matrix Service Q4 Earnings and Revenues Miss Estimates

About Matrix Service

Matrix Service Company (NASDAQ: MTRX) is a provider of engineered construction, fabrication and maintenance services to the energy, industrial and power markets. The firm offers a full suite of engineering, procurement and construction (EPC) solutions for clients in the oil and gas, petrochemical, refining, mining, fertilizer and power generation industries. Its capabilities span from front-end engineering design through plant commissioning, with specializations in modular process skid fabrication, structural steel erection and complex piping systems.

The company’s service portfolio includes onshore and offshore pipe fabrication, equipment setting, industrial maintenance and shutdown services, electrical and instrumentation installation, and skid-mount and modular construction.