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

Matson (NYSE:MATX) released its quarterly earnings data on Tuesday. The shipping company reported $3.80 earnings per share for the quarter, topping the consensus estimate 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

MATX opened at $141.27 on Wednesday. The business’s 50-day moving average price is $139.46 and its two-hundred day moving average price 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 price-to-earnings 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 Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MATX shares. Stephens reissued an “overweight” rating and set a $165.00 price target on shares of Matson in a research report on Thursday, January 2nd. Wolfe Research downgraded 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.