Matson (NYSE:MATX) Posts Quarterly Earnings Results, Beats Expectations By $0.60 EPS

Matson (NYSE:MATX) released its quarterly earnings data on Tuesday. The shipping company reported $3.80 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $0.60, Zacks reports. Matson had a net margin of 12.37% and a return on equity of 16.89%.

Matson Stock Performance

Shares of MATX stock traded down $2.04 on Tuesday, hitting $141.27. 512,579 shares of the stock traded hands, compared to its average volume of 274,241. The company’s fifty day moving average is $139.46 and its 200 day moving average is $141.01. Matson has a 1-year low of $100.50 and a 1-year high of $169.12. The company has a market capitalization of $4.69 billion, a PE ratio of 11.75 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13.

Matson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, February 6th. Matson’s dividend payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Stephens reissued an “overweight” rating and issued a $165.00 price target on shares of Matson in a report on Thursday, January 2nd. Wolfe Research lowered Matson from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 18th.

Matson Company Profile

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.