Northland cuts target to USD 16.00 for Matrix Service stock

Published on 10/15/2026 at 18:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are scheduled for November 4, 2026. MTRX stock costs EUR 8.83 on October 15, 2026 at 6:32 p.m. CEST, while Nasdaq quoted USD 9.90.

Analyst view and upcoming results

Northland reduced its target from USD 24.00 to USD 16.00 on September 4, 2026.
Matrix Service is scheduled to report first-quarter 2027 results on November 4, 2026.
Matrix Service stock costs EUR 8.83 at Lang & Schwarz on October 15, 2026 at 6:32 p.m. CEST.
Market capitalization stood at USD 280.1 million on October 15, 2026.

MTRX, US5768531056, Illustration mit AI erstellt.

Northland analyst Ted Jackson reduced his Matrix Service target from USD 24.00 to USD 16.00 on September 4, 2026, while retaining an Outperform rating, according to Tickeron. The new target stood 61.62 percent above the USD 9.90 Nasdaq price at 12:40 p.m. ET on October 15, 2026. Matrix Service stock was trading at EUR 8.83 at Lang & Schwarz on October 15, 2026 at 6:32 p.m. CEST.

Results date November 4, 2026

Matrix Service is estimated to report first-quarter 2027 results after the market closes on November 4, 2026, according to MarketBeat. The associated conference call is scheduled for November 5, 2026. MarketBeat lists consensus estimates of USD 0.18 earnings per share and USD 239.78 million in revenue for the quarter, compared with a prior-year loss of USD 0.01 per share and revenue of USD 211.88 million.

52-week range spans USD 9.38 to USD 15.97

The Nasdaq price of USD 9.90 on October 15, 2026 was 5.54 percent above the 52-week low and 37.98 percent below the 52-week high. Trading volume was 290,888 shares against an average of 358,264 shares. The euro quotation at Lang & Schwarz gives German investors a separate market view, while the Nasdaq quotation remains the home-market reference in US dollars.

Valuation and industry comparison

Matrix Service had a market capitalization of USD 280.1 million on October 15, 2026. Its price-to-earnings ratio was negative at -107.21, reflecting trailing losses. The company operates in engineering and construction for energy and industrial infrastructure, including storage, terminal and power projects.

Comparison with peers

MTRX: price-to-earnings ratio -107.21, market capitalization USD 280.1 million

MasTec (NYSE, USD): minus 2.78 percent, P/E 30.16, market capitalization USD 15.2 billion

Fluor (NYSE, USD): minus 2.57 percent, P/E -3.86, market capitalization USD 6.2 billion

Price remains the daily frame

Matrix Service stock stood at EUR 8.83 at Lang & Schwarz on October 15, 2026 at 6:32 p.m. CEST. The Nasdaq quotation was USD 9.90 at 12:40 p.m. ET on the same date, while the 52-week range placed the stock near its lower boundary. The November reporting date is the next scheduled event for the company.

The further course of trading is shown by the continuously updated real-time quote of Matrix Service stock.