NYSE:MATX - Matson Stock Price, Forecast & News

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

Matson announced a quarterly dividend on Thursday, January 23rd. Stockholders of record on Thursday, February 6th will be given a dividend of $0.22 per share on Thursday, March 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Wednesday, February 5th. View Matson's Dividend History.

Matson Inc (NYSE:MATX) posted its quarterly earnings results on Thursday, November, 7th. The shipping company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.83 by $0.01. The shipping company earned $572.10 million during the quarter, compared to analyst estimates of $574.44 million. Matson had a return on equity of 11.39% and a net margin of 3.94%. Matson's quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. View Matson's Earnings History.

1 brokerages have issued 1-year price targets for Matson's shares. Their forecasts range from $48.00 to $48.00. On average, they expect Matson's share price to reach $48.00 in the next twelve months. This suggests a possible upside of 31.6% from the stock's current price. View Analyst Price Targets for Matson.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matson in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Matson.

Media stories about MATX stock have trended somewhat positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Matson earned a news sentiment score of 1.2 on InfoTrie's scale. They also assigned news stories about the shipping company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Matson.

Matson saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 536,600 shares, a drop of 20.2% from the January 15th total of 672,300 shares. Based on an average daily volume of 154,400 shares, the days-to-cover ratio is presently 3.5 days. Currently, 1.3% of the company's stock are sold short. View Matson's Current Options Chain.

Some companies that are related to Matson include Kirby (KEX), Golar LNG (GLNG), Teekay Lng Partners (TGP), Golden Ocean Group (GOGL), Teekay Offshore Partners (TOO), KNOT Offshore Partners (KNOP), Tidewater (TDW), International Seaways (INSW), GasLog (GLOG), Teekay Tankers (TNK), Nordic American Tanker (NAT), Hoegh LNG Partners (HMLP), Golar LNG Partners (GMLP), GasLog Partners LP Unit (GLOP) and Dynagas LNG Partners (DLNG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Matson investors own include Nordic American Tanker (NAT), Verizon Communications (VZ), Intrexon (XON), Exxon Mobil (XOM), Walgreens Boots Alliance (WBA), Energy Transfer LP Unit (ET), Home Depot (HD), Southwest Airlines (LUV), Cisco Systems (CSCO) and Gilead Sciences (GILD).

Matson's stock is owned by many different of retail and institutional investors. Top institutional investors include ArrowMark Colorado Holdings LLC (6.97%), Capital Research Global Investors (4.16%), Hotchkis & Wiley Capital Management LLC (3.95%), State Street Corp (3.00%), Bank of New York Mellon Corp (1.49%) and Geode Capital Management LLC (1.30%). Company insiders that own Matson stock include Jeffrey N Watanabe, Mark H Fukunaga, Matthew J Cox, Michael J Chun, Peter T Heilmann, Ronald J Forest, Rusty K Rolfe, Vic S Angoco Jr and W Blake Baird. View Institutional Ownership Trends for Matson.

MATX stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Bank of New York Mellon Corp, Hotchkis & Wiley Capital Management LLC, Mackay Shields LLC, Alambic Investment Management L.P., Arizona State Retirement System, Benjamin F. Edwards & Company Inc. and Ceredex Value Advisors LLC. Company insiders that have sold Matson company stock in the last year include Matthew J Cox, Michael J Chun, Peter T Heilmann, Ronald J Forest, Rusty K Rolfe, Vic S Angoco Jr and W Blake Baird. View Insider Buying and Selling for Matson.

MATX stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., ArrowMark Colorado Holdings LLC, State Street Corp, Great West Life Assurance Co. Can, UBS Group AG, Renaissance Technologies LLC, Los Angeles Capital Management & Equity Research Inc. and Geode Capital Management LLC. View Insider Buying and Selling for Matson.

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

One share of MATX stock can currently be purchased for approximately $36.47.

Matson has a market capitalization of $1.56 billion and generates $2.22 billion in revenue each year. The shipping company earns $109 million in net income (profit) each year or $2.53 on an earnings per share basis. Matson employs 2,007 workers across the globe.View Additional Information About Matson.

The official website for Matson is http://www.matson.com/.

Matson's mailing address is 1411 SAND ISLAND PARKWAY, HONOLULU HI, 96819. The shipping company can be reached via phone at 808-848-1211 or via email at [email protected]