Matson (MATX) Scheduled to Post Earnings on Tuesday

Matson (NYSE:MATX) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.99 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Matson (NYSE:MATX) last released its earnings results on Tuesday, February 20th. The shipping company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.03. The firm had revenue of $788.90 million during the quarter, compared to analyst estimates of $733.60 million. Matson had a net margin of 9.60% and a return on equity of 12.71%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $2.10 EPS. On average, analysts expect Matson to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Matson Price Performance

Matson stock opened at $107.48 on Tuesday. The firm has a 50-day moving average price of $110.29 and a 200-day moving average price of $104.98. The firm has a market capitalization of $3.71 billion, a PE ratio of 12.83 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.16. Matson has a 12-month low of $61.51 and a 12-month high of $122.99.

Matson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 8th were issued a $0.32 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $1.28 annualized dividend and a dividend yield of 1.19%. Matson’s dividend payout ratio (DPR) is presently 15.27%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MATX. StockNews.com raised shares of Matson from a “hold” rating to a “buy” rating in a research note on Saturday. Stifel Nicolaus raised their price target on shares of Matson from $108.00 to $109.00 and gave the stock a “hold” rating in a research note on Wednesday, February 21st.

Insider Buying and Selling

In related news, SVP Christopher A. Scott sold 1,171 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $107.83, for a total value of $126,268.93. Following the transaction, the senior vice president now owns 12,958 shares of the company’s stock, valued at approximately $1,397,261.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.32% of the stock is currently owned by insiders.

About Matson

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.