Headlines about Matson (NYSE:MATX) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Matson earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news headlines about the shipping company an impact score of 46.2231269763355 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Matson (MATX) opened at $28.51 on Thursday. 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 firm has a market cap of $1,208.92, a PE ratio of 14.68, a P/E/G ratio of 3.24 and a beta of 1.27. Matson has a fifty-two week low of $21.63 and a fifty-two week high of $40.26.
Matson (NYSE:MATX) last issued its quarterly earnings results on Thursday, November 2nd. The shipping company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.20. The company had revenue of $543.90 million for the quarter, compared to the consensus estimate of $531.61 million. Matson had a net margin of 4.12% and a return on equity of 17.49%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. analysts predict that Matson will post 1.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 9th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, November 8th. Matson’s dividend payout ratio (DPR) is currently 41.24%.
MATX has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Matson from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, November 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $32.00 target price (up previously from $30.00) on shares of Matson in a research note on Thursday, September 21st. Stephens lowered shares of Matson from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $38.00 to $23.00 in a research note on Friday, August 18th. Finally, BidaskClub upgraded shares of Matson from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.25.
In related news, President Ronald J. Forest sold 16,491 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $29.28, for a total value of $482,856.48. Following the transaction, the president now directly owns 94,977 shares of the company’s stock, valued at approximately $2,780,926.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by insiders.
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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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