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 brokerages have issued 12 month target prices for Matson's stock. Their MATX share price forecasts range from $90.00 to $110.00. On average, they predict the company's share price to reach $100.00 in the next year. This suggests a possible upside of 14.3% from the stock's current price.
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 stock has increased by 40.0% and is now trading at $87.50.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our MATX earnings forecast.

Matson, Inc. (NYSE:MATX) issued its quarterly earnings results on Tuesday, August, 1st. The shipping company reported $2.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.26. The shipping company earned $773.40 million during the quarter, compared to the consensus estimate of $762.35 million. Matson had a trailing twelve-month return on equity of 20.04% and a net margin of 13.52%. The company's quarterly revenue was down 38.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.49 EPS.

Matson announced a quarterly dividend on Thursday, June 22nd. Investors of record on Thursday, August 3rd will be paid a dividend of $0.32 per share on Thursday, September 7th. This represents a $1.28 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, August 2nd. This is an increase from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for MATX.

ETFs with the largest weight of Matson (NYSE:MATX) stock in their portfolio include SonicShares Global Shipping ETF (BOAT), The Acquirers Fund (ZIG), SPDR S&P Transportation ETF (XTN), Pacer US Small Cap Cash Cows 100 ETF (CALF), Euclidean Fundamental Value ETF (ECML), Invesco S&P SmallCap Industrials ETF (PSCI), Freedom Day Dividend ETF (MBOX) and Invesco S&P SmallCap 600 Pure Growth ETF (RZG).

Matson (NYSE:MATX) pays an annual dividend of $1.28 per share and currently has a dividend yield of 1.46%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 10.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MATX will have a dividend payout ratio of 18.50% 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 second quarter 2023 earnings guidance on Thursday, July, 20th. The company provided earnings per share guidance of $2.14-$2.28 for the period, compared to the consensus EPS estimate of $1.46. 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (17.07%), Dimensional Fund Advisors LP (7.33%), ArrowMark Colorado Holdings LLC (6.23%), State Street Corp (3.71%), Geode Capital Management LLC (1.99%) and Pacer Advisors Inc. (1.80%). 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, Kuuhaku T Park, 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.
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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 $87.50.

Matson (NYSE:MATX) has a market capitalization of $3.09 billion and generates $4.34 billion in revenue each year. The shipping company earns $1.06 billion in net income (profit) each year or $12.19 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.