Matson (MATX) Scheduled to Post Earnings on Wednesday

Matson (NYSE:MATX) will release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Matson to post earnings of $4.98 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 announced its earnings results on Thursday, August 1st. The shipping company reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.26. The business had revenue of $847.40 million during the quarter, compared to analysts’ expectations of $861.68 million. Matson had a net margin of 10.41% and a return on equity of 13.87%. On average, analysts expect Matson to post $11 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Matson Price Performance

NYSE:MATX opened at $133.15 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The firm has a market cap of $4.65 billion, a PE ratio of 15.70 and a beta of 1.07. Matson has a 12 month low of $82.68 and a 12 month high of $144.93. The company’s 50-day moving average price is $135.05 and its two-hundred day moving average price is $126.40.

Matson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 7th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, November 7th. Matson’s payout ratio is currently 16.04%.

Wall Street Analyst Weigh In

A number of research firms have commented on MATX. StockNews.com lowered Matson from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 6th. Stephens upped their price target on shares of Matson from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd.

Insider Transactions at Matson

In other news, SVP Laura L. Rascon sold 744 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $129.13, for a total transaction of $96,072.72. Following the transaction, the senior vice president now directly owns 12,369 shares in the company, valued at approximately $1,597,208.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Laura L. Rascon sold 744 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $129.13, for a total transaction of $96,072.72. Following the transaction, the senior vice president now directly owns 12,369 shares in the company, valued at approximately $1,597,208.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Richard S. Kinney sold 1,615 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $133.62, for a total transaction of $215,796.30. Following the sale, the senior vice president now directly owns 7,973 shares of the company’s stock, valued at approximately $1,065,352.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,736 shares of company stock worth $5,617,854. Corporate insiders own 2.32% of the company’s stock.

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.