NYSE:MATX

Matson Stock Forecast, Price & News

$63.29
-1.50 (-2.32 %)
(As of 06/14/2021 04:57 PM ET)
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Today's Range
$63.17
$65.58
50-Day Range
$60.07
$73.31
52-Week Range
$27.01
$79.05
Volume254,729 shs
Average Volume277,620 shs
Market Capitalization$2.75 billion
P/E Ratio9.98
Dividend Yield1.42%
Beta0.98
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About Matson

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, packaged 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 container 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 (NVOCC) 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. The company was founded in 1882 and is headquartered in Honolulu, Hawaii.

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MarketRank

Overall MarketRank

1.81 out of 5 stars

Transportation Sector

39th out of 249 stocks

Water Transportation Industry

2nd out of 29 stocks

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Matson (NYSE:MATX) Frequently Asked Questions

Is Matson a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matson in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Matson stock.
View analyst ratings for Matson
or view top-rated stocks.

What stocks does MarketBeat like better than Matson?

Wall Street analysts have given Matson a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Matson wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Matson's next earnings date?

Matson is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Matson
.

How were Matson's earnings last quarter?

Matson, Inc. (NYSE:MATX) announced its earnings results on Tuesday, April, 27th. The shipping company reported $1.99 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.63 by $0.36. The shipping company earned $711.80 million during the quarter, compared to analysts' expectations of $686.05 million. Matson had a net margin of 10.71% and a trailing twelve-month return on equity of 29.91%.
View Matson's earnings history
.

How has Matson's stock been impacted by Coronavirus?

Matson's stock was trading at $29.94 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MATX stock has increased by 111.5% and is now trading at $63.33.
View which stocks have been most impacted by COVID-19
.

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

Matson declared a quarterly dividend on Thursday, April 22nd. Stockholders of record on Thursday, May 6th will be paid a dividend of $0.23 per share on Thursday, June 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, May 5th.
View Matson's dividend history
.

Is Matson a good dividend stock?

Matson pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.42%. Matson has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Matson is 20.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Matson will have a dividend payout ratio of 20.13% next year. This indicates that Matson will be able to sustain or increase its dividend.
View Matson's dividend history.

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

Matson updated its first quarter 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share guidance of 1.830-1.930 for the period, compared to the Thomson Reuters consensus estimate of $1.290. The company issued revenue guidance of -.

What price target have analysts set for MATX?

3 analysts have issued 1-year price objectives for Matson's stock. Their forecasts range from $45.00 to $70.00. On average, they anticipate Matson's share price to reach $58.33 in the next twelve months. This suggests that the stock has a possible downside of 7.9%.
View analysts' price targets for Matson
or view top-rated stocks among Wall Street analysts.

Who are Matson's key executives?

Matson's management team includes the following people:
  • Mr. Matthew J. Cox, Chairman & CEO (Age 60, Pay $2.45M)
  • Mr. Ronald J. Forest, Pres (Age 65, Pay $1.24M)
  • Mr. Joel M. Wine, Exec. VP & CFO (Age 49, Pay $1.28M)
  • Mr. Peter T. Heilmann, Exec. VP, Chief Admin. Officer & Gen. Counsel (Age 52, Pay $1M)
  • Mr. John P. Lauer, Exec. VP & Chief Commercial Officer (Age 60, Pay $996.61k)
  • Mr. P. Weis, Chief Information Officer & Sr. VP
  • Mr. Lee J. Fishman, Director of Investor Relations
  • Mr. John R. Wagner, Director of Corp. Communications (Age 60)
  • Jason Taylor, VP of HR
  • Mr. Branton B. Dreyfus, Sr. VP of Alaska (Age 67)

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

26 employees have rated Matson CEO Matt Cox on Glassdoor.com. Matt Cox has an approval rating of 89% among Matson's employees.

Who are some of Matson's key competitors?

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).

What is Matson's stock symbol?

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

Who are Matson's major shareholders?

Matson's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.44%), Price T Rowe Associates Inc. MD (7.01%), Dimensional Fund Advisors LP (5.40%), Geode Capital Management LLC (1.58%), Bank of New York Mellon Corp (1.46%) and Northern Trust Corp (1.27%). Company insiders that own Matson stock include Branton B Dreyfus, Jenai S Wall, Kevin L Stuck, Laura L Rascon, Mark H Fukunaga, Matthew J Cox, Peter T Heilmann, Richard S Kinney, Ronald J Forest, Rusty K Rolfe, Vic S Angoco Jr and W Blake Baird.
View institutional ownership trends for Matson
.

Which major investors are selling Matson stock?

MATX stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Primecap Management Co. CA, Dimensional Fund Advisors LP, Northern Trust Corp, Allianz Asset Management GmbH, Morgan Stanley, Schroder Investment Management Group, and New York State Common Retirement Fund. Company insiders that have sold Matson company stock in the last year include Branton B Dreyfus, Kevin L Stuck, Laura L Rascon, Matthew J Cox, Richard S Kinney, Ronald J Forest, Rusty K Rolfe, and Vic S Angoco Jr.
View insider buying and selling activity for Matson
or view top insider-selling stocks.

Which major investors are buying Matson stock?

MATX stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Millennium Management LLC, Geode Capital Management LLC, Acadian Asset Management LLC, Cubist Systematic Strategies LLC, D. E. Shaw & Co. Inc., Citigroup Inc., and UBS Group AG. Company insiders that have bought Matson stock in the last two years include Jenai S Wall, and Mark H Fukunaga.
View insider buying and selling activity for Matson
or or view top insider-buying stocks.

How do I buy shares of Matson?

Shares of MATX 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.
Compare Top Brokerages Here.

What is Matson's stock price today?

One share of MATX stock can currently be purchased for approximately $63.33.

How much money does Matson make?

Matson has a market capitalization of $2.75 billion and generates $2.38 billion in revenue each year. The shipping company earns $193.10 million in net income (profit) each year or $4.44 on an earnings per share basis.

How many employees does Matson have?

Matson employs 4,149 workers across the globe.

What is Matson's official website?

The official website for Matson is www.matson.com.

Where are Matson's headquarters?

Matson is headquartered at 1411 SAND ISLAND PARKWAY, HONOLULU HI, 96819.

How can I contact Matson?

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]


This page was last updated on 6/14/2021 by MarketBeat.com Staff
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