News articles about Matson (NYSE:MATX) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded 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 headlines about the shipping company an impact score of 46.0157567648649 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of research firms have issued reports on MATX. BidaskClub downgraded Matson from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded Matson from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Matson in a report on Thursday, September 21st. Finally, Wells Fargo & Co reiterated an “underperform” rating and issued a $22.00 price objective on shares of Matson in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $28.00.
Matson (NYSE:MATX) opened at $29.44 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $1,270.00, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 3.17 and a beta of 1.27. Matson has a twelve month low of $21.63 and a twelve month high of $37.32.
Matson (NYSE:MATX) last posted its quarterly earnings data on Thursday, November 2nd. The shipping company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.20. The business had revenue of $543.90 million during the quarter, compared to the consensus estimate of $531.61 million. Matson had a return on equity of 17.49% and a net margin of 4.12%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 earnings per share. equities analysts forecast that Matson will post 1.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Thursday, November 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.72%. Matson’s dividend payout ratio (DPR) is 41.24%.
In other Matson news, President Ronald J. Forest sold 16,491 shares of the 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 completion of the transaction, the president now owns 94,977 shares in the company, valued at $2,780,926.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by corporate insiders.
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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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