Matson (NYSE:MATX) will issue its quarterly earnings data after the market closes on Monday, November 5th. Analysts expect the company to announce earnings of $0.91 per share for the quarter.
Shares of MATX stock opened at $35.90 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.28. Matson has a 1 year low of $26.55 and a 1 year high of $40.60. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 3.03 and a beta of 1.39.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 8th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, November 7th. This represents a $0.84 annualized dividend and a yield of 2.34%. Matson’s payout ratio is currently 47.19%.
MATX has been the topic of several recent research reports. Wells Fargo & Co lowered shares of Matson to a “hold” rating and set a $35.00 price target on the stock. in a research note on Friday, September 28th. ValuEngine upgraded shares of Matson from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. Finally, Stifel Nicolaus lifted their price target on shares of Matson from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Matson currently has a consensus rating of “Buy” and a consensus target price of $41.17.
In other news, Director Mark H. Fukunaga acquired 4,000 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was bought at an average price of $36.24 per share, with a total value of $144,960.00. Following the transaction, the director now directly owns 10,432 shares in the company, valued at approximately $378,055.68. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Ronald J. Forest sold 1,000 shares of Matson stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $35.00, for a total transaction of $35,000.00. Following the completion of the transaction, the president now directly owns 60,884 shares of the company’s stock, valued at approximately $2,130,940. The disclosure for this sale can be found here. In the last three months, insiders sold 3,000 shares of company stock valued at $111,810. Insiders own 2.48% of the company’s stock.
Matson, Inc provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, packaged foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, and other retail merchandise.
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