Matson (MATX) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Matson in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MATX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MATX, but not buy additional shares or sell existing shares.
View MATX analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued 1 year target prices for Matson's stock. Their MATX share price forecasts range from $70.00 to $80.00. On average, they anticipate the company's stock price to reach $73.33 in the next year. This suggests that the stock has a possible downside of 2.6%.
View analysts price targets for MATX or view top-rated stocks among Wall Street analysts.

Matson's stock was trading at $62.51 on January 1st, 2023. Since then, MATX shares have increased by 20.5% and is now trading at $75.31.
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Matson saw a decline in short interest in April. As of April 30th, there was short interest totaling 1,010,000 shares, a decline of 10.6% from the April 15th total of 1,130,000 shares. Based on an average daily volume of 314,800 shares, the short-interest ratio is currently 3.2 days. Approximately 2.9% of the company's stock are sold short.
View Matson's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our MATX earnings forecast.

Matson, Inc. (NYSE:MATX) announced its earnings results on Thursday, May, 4th. The shipping company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.05. The shipping company earned $704.80 million during the quarter, compared to analysts' expectations of $704.34 million. Matson had a net margin of 19.54% and a trailing twelve-month return on equity of 33.72%. The business's revenue was down 39.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.23 earnings per share.

Matson declared a quarterly dividend on Thursday, April 27th. Shareholders of record on Thursday, May 11th will be given a dividend of $0.31 per share on Thursday, June 1st. This represents a $1.24 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Wednesday, May 10th.
Read our dividend analysis for MATX.

ETFs with the largest weight of Matson (NYSE:MATX) stock in their portfolio include U.S. Global Sea to Sky Cargo ETF (SEA), SPDR S&P Transportation ETF (XTN), Pacer US Small Cap Cash Cows 100 ETF (CALF), SonicShares Global Shipping ETF (BOAT), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Invesco S&P SmallCap 600 Pure Growth ETF (RZG).

Matson (NYSE:MATX) pays an annual dividend of $1.24 per share and currently has a dividend yield of 1.63%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 6.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MATX will have a dividend payout ratio of 28.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MATX.

Matson updated its first quarter 2023 earnings guidance on Wednesday, April, 19th. The company provided earnings per share guidance of $0.81-$0.93 for the period, compared to the consensus estimate of $0.76. The company issued revenue guidance of -.

26 employees have rated Matson Chief Executive Officer Matt Cox on Glassdoor.com. Matt Cox has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Matson investors own include Nordic American Tankers (NAT), Verizon Communications (VZ), Energy Transfer (ET), Gilead Sciences (GILD), Precigen (PGEN), Cisco Systems (CSCO), Corning (GLW), Pfizer (PFE), Exxon Mobil (XOM) and AbbVie (ABBV).

Matson trades on the New York Stock Exchange (NYSE) under the ticker symbol "MATX."

Matson's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.88%), Dimensional Fund Advisors LP (7.06%), ArrowMark Colorado Holdings LLC (5.18%), State Street Corp (3.81%), Geode Capital Management LLC (2.00%) and Pacer Advisors Inc. (1.79%). Insiders that own company stock include Branton B Dreyfus, Christopher A Scott, Grace M Cerocke, Jason Lee Taylor, Jenai S Wall, Jenai S Wall, John P Lauer, Kevin L Stuck, Laura L Rascon, Mark H Fukunaga, Matthew J Cox, Matthew J Cox, Peter T Heilmann, Richard S Kinney, Ronald J Forest, Ronald J Forest, Rusty K Rolfe, Thomas B Fargo and Vic S Angoco Jr.
View institutional ownership trends.

Shares of MATX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MATX stock can currently be purchased for approximately $75.31.

Matson (NYSE:MATX) has a market capitalization of $2.70 billion and generates $4.34 billion in revenue each year. The shipping company earns $1.06 billion in net income (profit) each year or $19.42 on an earnings per share basis.

The company employs 4,288 workers across the globe.

Matson's mailing address is 1411 SAND ISLAND PARKWAY, HONOLULU HI, 96819. The official website for the company is www.matson.com. The shipping company can be reached via phone at (808) 848-1211, via email at investor-relations@matson.com, or via fax at 510-628-7380.