Matson (MATX) to Release Earnings on Thursday

Matson (NYSE:MATX - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data after the market closes on Thursday, July 31st. Analysts expect the company to announce earnings of $2.18 per share and revenue of $727.30 million for the quarter.

Matson (NYSE:MATX - Get Free Report) last released its earnings results on Monday, May 5th. The shipping company reported $2.18 earnings per share for the quarter, missing analysts' consensus estimates of $2.34 by ($0.16). Matson had a return on equity of 20.02% and a net margin of 14.72%. The business had revenue of $782.00 million during the quarter, compared to analysts' expectations of $818.07 million. During the same period in the prior year, the company earned $1.04 earnings per share. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. On average, analysts expect Matson to post $13 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Matson Stock Down 0.2%

MATX stock traded down $0.17 during trading on Thursday, hitting $108.77. 260,433 shares of the stock traded hands, compared to its average volume of 367,081. Matson has a 1 year low of $91.75 and a 1 year high of $169.12. The firm's 50 day moving average is $111.85 and its two-hundred day moving average is $121.19. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 7.17 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86.

Matson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 7th will be issued a $0.36 dividend. This is a boost from Matson's previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Thursday, August 7th. Matson's dividend payout ratio (DPR) is currently 8.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Matson from $160.00 to $130.00 and set a "hold" rating for the company in a report on Tuesday, May 6th. Jefferies Financial Group lowered shares of Matson from a "buy" rating to a "hold" rating and cut their target price for the company from $135.00 to $115.00 in a report on Friday, July 18th. Stephens cut their target price on shares of Matson from $175.00 to $150.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Finally, Wall Street Zen lowered shares of Matson from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $131.67.

Insiders Place Their Bets

In related news, Director Bradley D. Tilden bought 2,752 shares of the stock in a transaction on Thursday, May 29th. The shares were bought at an average cost of $111.76 per share, for a total transaction of $307,563.52. Following the purchase, the director owned 8,180 shares of the company's stock, valued at $914,196.80. This trade represents a 50.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Leonard P. Isotoff sold 500 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $111.47, for a total value of $55,735.00. Following the transaction, the senior vice president directly owned 5,644 shares in the company, valued at $629,136.68. This represents a 8.14% decrease in their position. The disclosure for this sale can be found here. 2.05% of the stock is currently owned by corporate insiders.

Institutional Trading of Matson

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its stake in Matson by 7.1% during the first quarter. Millennium Management LLC now owns 102,629 shares of the shipping company's stock worth $13,154,000 after acquiring an additional 6,778 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Matson by 8.3% in the first quarter. Royal Bank of Canada now owns 41,346 shares of the shipping company's stock valued at $5,300,000 after purchasing an additional 3,155 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Matson by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 24,459 shares of the shipping company's stock valued at $3,135,000 after purchasing an additional 2,492 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Matson by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,511 shares of the shipping company's stock valued at $2,501,000 after purchasing an additional 863 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Matson in the 1st quarter worth approximately $78,000. Hedge funds and other institutional investors own 84.76% of the company's stock.

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.