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 Friday, October 25th. Stockholders of record on Thursday, November 7th will be given a dividend of $0.22 per share on Thursday, December 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Wednesday, November 6th. View Matson's Dividend History.

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

Matson is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Matson.

3 equities research analysts have issued 1 year price targets for Matson's shares. Their forecasts range from $37.00 to $48.00. On average, they anticipate Matson's share price to reach $43.00 in the next twelve months. This suggests a possible upside of 7.3% from the stock's current price. View Analyst Price Targets for Matson.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matson in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Matson.

Media headlines about MATX stock have trended somewhat negative recently, according to InfoTrie. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Matson earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave media coverage about the shipping company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Matson.

Matson saw a increase in short interest in December. As of December 31st, there was short interest totalling 672,300 shares, an increase of 20.8% from the December 15th total of 556,600 shares. Based on an average daily volume of 150,100 shares, the short-interest ratio is presently 4.5 days. Currently, 1.6% of the shares of the company 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), International Seaways (INSW), GasLog Partners LP Unit (GLOP), Golden Ocean Group (GOGL), GasLog (GLOG), Teekay Tankers (TNK), Tidewater (TDW), KNOT Offshore Partners (KNOP), Nordic American Tanker (NAT), Teekay Offshore Partners (TOO), Golar LNG Partners (GMLP), Hoegh LNG Partners (HMLP) 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), Intrexon (XON), Verizon Communications (VZ), Home Depot (HD), Southwest Airlines (LUV), UnitedHealth Group (UNH), Exxon Mobil (XOM), Cisco Systems (CSCO), Intel (INTC) and Walgreens Boots Alliance (WBA).

Matson's stock is owned by many different of retail and institutional investors. Top institutional investors include Zeke Capital Advisors LLC (0.09%), State of Alaska Department of Revenue (0.08%), Louisiana State Employees Retirement System (0.03%) and Fruth Investment Management (0.01%). 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 Louisiana State Employees Retirement System and State of Alaska Department of Revenue. 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 bought by a variety of institutional investors in the last quarter, including Fruth Investment Management and Zeke Capital Advisors 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 $40.07.

Matson has a market capitalization of $1.72 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]