Matson (MATX) Scheduled to Post Earnings on Tuesday

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

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

Matson Stock Down 0.7 %

Shares of NYSE MATX opened at $108.94 on Monday. Matson has a 12 month low of $62.71 and a 12 month 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 firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 13.00 and a beta of 1.12. The business has a 50-day moving average of $109.38 and a 200-day moving average of $105.51.

Matson Announces Dividend

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

Insider Buying and Selling

In related news, SVP Christopher A. Scott sold 1,171 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was 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 approximately $1,397,261.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com raised Matson from a “hold” rating to a “buy” rating in a report on Saturday, April 20th. Stifel Nicolaus boosted their target price on Matson from $108.00 to $109.00 and gave the stock a “hold” rating in a research report on Wednesday, February 21st.

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.