Matson (NYSE:MATX – Get Free Report) issued an update on its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.120-4.300 for the period, compared to the consensus estimate of 3.690. The company issued revenue guidance of -.
Matson Trading Down 1.0%
MATX traded down $2.15 during mid-day trading on Wednesday, hitting $208.80. 316,228 shares of the stock were exchanged, compared to its average volume of 286,733. The firm’s fifty day moving average is $191.59 and its two-hundred day moving average is $169.60. Matson has a 1-year low of $86.97 and a 1-year high of $213.62. The company has a market cap of $6.32 billion, a PE ratio of 15.34 and a beta of 1.28. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11.
Matson (NYSE:MATX – Get Free Report) last released its earnings results on Monday, May 4th. The shipping company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.20. The company had revenue of $757.80 million during the quarter, compared to the consensus estimate of $777.55 million. Matson had a return on equity of 15.90% and a net margin of 12.92%.Matson’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.18 EPS. Equities analysts forecast that Matson will post 13.96 earnings per share for the current fiscal year.
Matson Increases Dividend
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on MATX. Weiss Ratings restated a “hold (c)” rating on shares of Matson in a report on Friday, May 29th. JPMorgan Chase & Co. assumed coverage on shares of Matson in a research report on Monday, April 27th. They issued an “overweight” rating and a $230.00 price target for the company. Finally, Zacks Research upgraded shares of Matson to a “hold” rating in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Matson has an average rating of “Moderate Buy” and a consensus target price of $181.25.
Check Out Our Latest Report on MATX
Insider Transactions at Matson
In other Matson news, SVP Laura L. Rascon sold 2,800 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $188.53, for a total value of $527,884.00. Following the sale, the senior vice president directly owned 15,656 shares in the company, valued at $2,951,625.68. This trade represents a 15.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher A. Scott sold 3,305 shares of Matson stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $180.14, for a total value of $595,362.70. Following the sale, the senior vice president directly owned 11,228 shares of the company’s stock, valued at $2,022,611.92. This trade represents a 22.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,963 shares of company stock valued at $4,349,268 over the last ninety days. Company insiders own 2.51% of the company’s stock.
Institutional Investors Weigh In On Matson
Several institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in shares of Matson in the 2nd quarter valued at $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Matson in the 3rd quarter valued at $30,000. Kestra Advisory Services LLC acquired a new stake in Matson during the 4th quarter worth $67,000. Gilpin Wealth Management LLC purchased a new stake in Matson in the fourth quarter valued at $68,000. Finally, NewEdge Advisors LLC purchased a new stake in Matson in the first quarter valued at $78,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.
About Matson
Matson, Inc (NYSE: MATX) is a U.S.-based provider of ocean transportation and supply chain logistics services with a focus on Pacific trade lanes. The company operates a fleet of container ships that regularly service Hawaii, Alaska, Guam, Micronesia and other Pacific islands, as well as mainland U.S. ports. Matson’s ocean transportation segment offers scheduled liner services, expedited shipping options and specialized project cargo handling for industries ranging from retail to heavy machinery.
In addition to its core liner operations, Matson offers ocean transportation services between Asia and the U.S.
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