Matson (MATX) Scheduled to Post Earnings on Tuesday

Matson (NYSE:MATXGet Rating) is set to post its quarterly earnings results after the market closes on Tuesday, May 3rd. Analysts expect Matson to post earnings of $8.23 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Matson (NYSE:MATXGet Rating) last issued its quarterly earnings data on Thursday, February 17th. The shipping company reported $9.39 EPS for the quarter, beating the consensus estimate of $8.85 by $0.54. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Matson had a net margin of 23.63% and a return on equity of 71.15%. During the same quarter in the previous year, the company earned $1.96 earnings per share. On average, analysts expect Matson to post $26 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Shares of NYSE:MATX opened at $84.58 on Tuesday. The company has a 50 day moving average of $104.03 and a 200 day moving average of $93.19. The stock has a market cap of $3.46 billion, a P/E ratio of 3.91 and a beta of 0.87. Matson has a 12 month low of $59.65 and a 12 month high of $125.34. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 3rd. Shareholders of record on Thursday, February 10th were paid a $0.30 dividend. The ex-dividend date was Wednesday, February 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.42%. Matson’s dividend payout ratio is presently 5.55%.

In other news, SVP Richard S. Kinney sold 352 shares of the company’s stock in a transaction on Friday, March 18th. The shares were sold at an average price of $118.18, for a total value of $41,599.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew J. Cox sold 5,000 shares of the company’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $87.65, for a total transaction of $438,250.00. Following the completion of the sale, the chief executive officer now directly owns 279,976 shares of the company’s stock, valued at approximately $24,539,896.40. The disclosure for this sale can be found here. In the last three months, insiders sold 42,437 shares of company stock valued at $4,518,297. Corporate insiders own 1.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in MATX. Alliancebernstein L.P. raised its holdings in Matson by 11.4% during the 4th quarter. Alliancebernstein L.P. now owns 66,004 shares of the shipping company’s stock valued at $5,942,000 after buying an additional 6,764 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Matson by 5.5% during the 4th quarter. Wells Fargo & Company MN now owns 52,957 shares of the shipping company’s stock valued at $4,768,000 after buying an additional 2,779 shares during the last quarter. Marshall Wace LLP raised its holdings in Matson by 554.4% during the 4th quarter. Marshall Wace LLP now owns 44,689 shares of the shipping company’s stock valued at $4,024,000 after buying an additional 37,860 shares during the last quarter. State of Tennessee Treasury Department raised its holdings in Matson by 5.9% during the 4th quarter. State of Tennessee Treasury Department now owns 34,024 shares of the shipping company’s stock valued at $3,063,000 after buying an additional 1,887 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in Matson by 2.3% during the 4th quarter. Deutsche Bank AG now owns 25,930 shares of the shipping company’s stock valued at $2,334,000 after buying an additional 587 shares during the last quarter. 85.70% of the stock is owned by institutional investors.

A number of equities analysts have commented on MATX shares. Stifel Nicolaus boosted their price target on shares of Matson from $98.00 to $131.00 and gave the stock a “buy” rating in a research note on Monday, March 14th. StockNews.com cut shares of Matson from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 20th.

Matson Company Profile (Get Rating)

Matson, Inc, together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia.

Further Reading

Earnings History for Matson (NYSE:MATX)

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