News articles about Matson (NYSE:MATX) have trended somewhat positive on Sunday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Matson earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the shipping company an impact score of 46.0157567648649 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Matson (MATX) traded up $0.15 during trading on Friday, reaching $31.20. The company’s stock had a trading volume of 226,533 shares, compared to its average volume of 203,297. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.56. Matson has a twelve month low of $21.63 and a twelve month high of $37.03. The company has a market capitalization of $1,320.00, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 3.25 and a beta of 1.27.
Matson (NYSE:MATX) last released its earnings results on Thursday, November 2nd. The shipping company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.20. Matson had a return on equity of 17.49% and a net margin of 4.12%. The business had revenue of $543.90 million for the quarter, compared to the consensus estimate of $531.61 million. During the same period in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. equities analysts expect that Matson will post 1.8 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Wednesday, February 7th. Matson’s dividend payout ratio (DPR) is 41.24%.
MATX has been the topic of several research reports. Zacks Investment Research upgraded Matson from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Thursday, January 4th. BidaskClub lowered Matson from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $28.00.
In other Matson news, President Ronald J. Forest sold 16,491 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $29.28, for a total value of $482,856.48. Following the sale, the president now directly owns 94,977 shares of the company’s stock, valued at $2,780,926.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.
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Matson Company Profile
Matson, Inc, through its subsidiaries, operates as an ocean cargo carrier. The company operates in two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean transportation services to the domestic economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia and in the South Pacific.
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