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NYSE:MATX

Matson (MATX) Stock Price, News & Analysis

$107.87
-4.96 (-4.40%)
(As of 02/28/2024 ET)
Today's Range
$107.81
$112.55
50-Day Range
$107.87
$122.30
52-Week Range
$56.51
$122.99
Volume
391,799 shs
Average Volume
283,723 shs
Market Capitalization
$3.72 billion
P/E Ratio
12.87
Dividend Yield
1.19%
Price Target
$111.67

Matson MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
3.5% Upside
$111.67 Price Target
Short Interest
Healthy
2.39% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.86
Upright™ Environmental Score
News Sentiment
0.98mentions of Matson in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$190,192 Sold Last Quarter
Proj. Earnings Growth
0.13%
From $7.80 to $7.81 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.18 out of 5 stars

Transportation Sector

24th out of 112 stocks

Water Transportation Industry

6th out of 18 stocks


MATX stock logo

About Matson Stock (NYSE:MATX)

Matson, Inc., together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise. This segment also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services to ocean carriers on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, the company offers vessel management and container transshipment services. Its Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load consolidation and freight forwarding services; warehousing and distribution services; supply chain management services, and non-vessel operating common carrier freight forwarding services. The company serves the U.S. military, freight forwarders, retailers, consumer goods, automobile manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.

MATX Stock Price History

MATX Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Matson (NYSE:MATX) Upgraded to Buy by StockNews.com
Stifel Nicolaus Keeps Their Hold Rating on Matson (MATX)
Matson, Inc. (NYSE:MATX) Q4 2023 Earnings Call Transcript
Q4 2023 Matson Inc Earnings Call
Matson: Q4 Earnings Snapshot
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Matson Q4 2023 Earnings Preview
Matson is about to announce its earnings — here's what to expect
Matson (MATX) Scheduled to Post Quarterly Earnings on Tuesday
MATX Jun 2024 90.000 put
MATX Mar 2024 115.000 call
MATX Mar 2024 100.000 put
AAL Jan 2025 1.000 put
Matson Inc's Dividend Analysis
Matson Inc. hosts conference call for investors
See More Headlines
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Company Calendar

Ex-Dividend for 12/7 Dividend
11/08/2023
Dividend Payable
12/07/2023
Ex-Dividend for 3/7 Dividend
2/07/2024
Last Earnings
2/20/2024
Today
2/28/2024
Dividend Payable
3/07/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Marine
CUSIP
57686G10
CIK
3453
Employees
4,288
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$111.67
High Stock Price Target
$116.00
Low Stock Price Target
$109.00
Potential Upside/Downside
+3.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$297.10 million
Pretax Margin
12.05%

Debt

Sales & Book Value

Annual Sales
$3.09 billion
Cash Flow
$15.77 per share
Book Value
$69.59 per share

Miscellaneous

Free Float
34,479,000
Market Cap
$3.72 billion
Optionable
Optionable
Beta
1.15
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MATX Stock Analysis - Frequently Asked Questions

Should I buy or sell Matson stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matson in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.

What is Matson's stock price target for 2024?

3 Wall Street research analysts have issued 1 year price targets for Matson's shares. Their MATX share price targets range from $109.00 to $116.00. On average, they expect the company's share price to reach $111.67 in the next twelve months. This suggests a possible upside of 3.5% from the stock's current price.
View analysts price targets for MATX
or view top-rated stocks among Wall Street analysts.

How have MATX shares performed in 2024?

Matson's stock was trading at $109.60 at the beginning of 2024. Since then, MATX shares have decreased by 1.6% and is now trading at $107.88.
View the best growth stocks for 2024 here
.

When is Matson's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MATX earnings forecast
.

How were Matson's earnings last quarter?

Matson, Inc. (NYSE:MATX) released its quarterly earnings results on Tuesday, February, 20th. The shipping company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.75 by $0.03. The shipping company had revenue of $788.90 million for the quarter, compared to analyst estimates of $733.60 million. Matson had a net margin of 9.60% and a trailing twelve-month return on equity of 12.71%. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.10 earnings per share.

How often does Matson pay dividends? What is the dividend yield for Matson?

Matson announced a quarterly dividend on Thursday, January 25th. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.32 per share on Thursday, March 7th. This represents a $1.28 annualized dividend and a yield of 1.19%. The ex-dividend date is Wednesday, February 7th.
Read our dividend analysis for MATX
.

Is Matson a good dividend stock?

Matson (NYSE:MATX) pays an annual dividend of $1.28 per share and currently has a dividend yield of 1.13%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 15.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MATX will have a dividend payout ratio of 16.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MATX.

What guidance has Matson issued on next quarter's earnings?

Matson updated its fourth quarter 2023 earnings guidance on Thursday, January, 18th. The company provided earnings per share guidance of 1.650-1.780 for the period, compared to the consensus EPS estimate of 1.250. The company issued revenue guidance of -.

What is Matt Cox's approval rating as Matson's CEO?

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.

What other stocks do shareholders of Matson own?

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).

Who are Matson's major shareholders?

Matson's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.72%), Dimensional Fund Advisors LP (7.56%), Northern Trust Corp (1.30%), Charles Schwab Investment Management Inc. (1.00%), First Trust Advisors LP (0.83%) and Goldman Sachs Group Inc. (0.77%). 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.
View institutional ownership trends
.

How do I buy shares of Matson?

Shares of MATX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MATX) was last updated on 2/28/2024 by MarketBeat.com Staff