Matson (MATX) to Release Quarterly Earnings on Tuesday

Matson (NYSE:MATX) is scheduled to be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Matson to post earnings of $0.99 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Matson (NYSE:MATX) last posted its earnings results on Tuesday, February 20th. The shipping company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.03. Matson had a net margin of 9.60% and a return on equity of 12.71%. The business had revenue of $788.90 million for the quarter, compared to analysts’ expectations of $733.60 million. During the same period in the previous year, the company posted $2.10 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts expect Matson to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Matson Trading Down 0.7 %

NYSE MATX opened at $108.94 on Friday. The company’s fifty day simple moving average is $109.38 and its 200-day simple moving average is $105.40. Matson has a 52 week low of $62.71 and a 52 week high of $122.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.76 billion, a P/E ratio of 13.00 and a beta of 1.12.

Matson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 9th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.17%. Matson’s payout ratio is currently 15.27%.

Insider Buying and Selling

In related news, SVP Christopher A. Scott sold 1,171 shares of Matson stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $107.83, for a total value of $126,268.93. Following the completion of the sale, the senior vice president now owns 12,958 shares in the company, valued at $1,397,261.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MATX has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Matson from $108.00 to $109.00 and gave the stock a “hold” rating in a research note on Wednesday, February 21st. StockNews.com upgraded shares of Matson from a “hold” rating to a “buy” rating in a research note on Saturday, April 20th.

About Matson

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.