About Matson (NYSE:MATX)
Matson, Inc., through its subsidiaries, operates as an ocean cargo carrier. The company operates in two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean transportation services to the domestic economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia and in the South Pacific. This segment also operates an expedited service from China to Long Beach, California; and provides container and conventional freight services between New Zealand and other South Pacific Islands including Fiji, Samoa, American Samoa, Tonga, the Cook Islands, Niue, Vanuatu, Nauru, and the Solomon Islands. It primarily transports dry containers of mixed commodities, refrigerated commodities, packaged foods and beverages, building materials, automobiles, and household goods; general sustenance cargo; and garments, footwear, and other retail merchandise. This segment also offers container stevedoring, container equipment maintenance, and other terminal services on the islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. It operates a fleet of 22 owned and 5 chartered vessels. The Logistics segment provides multimodal transportation services, including domestic and international rail intermodal service; long-haul and regional highway brokerage, specialized hauling, flat-bed and project work, less-than-truckload, and expedited freight; and supply chain management, and warehousing and distribution services. This segment also offers freight forwarding, consolidation, customs brokerage, purchase order management, and non-vessel operating common carrier services. 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.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Shipping
- Sub-Industry: Marine
- Symbol: NYSE:MATX
- CUSIP: 57686G10
- Web: www.matson.com
- Market Cap: $1.18 billion
- Outstanding Shares: 43,126,000
- 50 Day Moving Avg: $27.16
- 200 Day Moving Avg: $29.10
- 52 Week Range: $21.63 - $42.00
Sales & Book Value:
- Trailing P/E Ratio: 15.69
- Foreward P/E Ratio: 14.68
- P/E Growth: 3.29
- Annual Revenue: $2.01 billion
- Price / Sales: 0.59
- Book Value: $11.03 per share
- Price / Book: 2.48
- Annual Dividend: $0.80
- Dividend Yield: 2.9%
- EBITDA: $225.7 million
- Net Margins: 3.76%
- Return on Equity: 16.10%
- Return on Assets: 3.69%
- Debt-to-Equity Ratio: 1.52%
- Current Ratio: 1.02%
- Quick Ratio: 1.02%
- Average Volume: 296,874 shs.
- Beta: 1.22
- Short Ratio: 6.69
Frequently Asked Questions for Matson (NYSE:MATX)
What is Matson's stock symbol?
Matson trades on the New York Stock Exchange (NYSE) under the ticker symbol "MATX."
How often does Matson pay dividends? What is the dividend yield for Matson?
Matson declared a quarterly dividend on Friday, June 30th. Shareholders of record on Thursday, August 3rd will be given a dividend of $0.20 per share on Thursday, September 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, August 1st. This is a positive change from Matson's previous quarterly dividend of $0.19. View Matson's Dividend History.
How were Matson's earnings last quarter?
Matson, Inc. (NYSE:MATX) announced its quarterly earnings data on Monday, July, 31st. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.44 by $0.11. The firm had revenue of $512.50 million for the quarter, compared to the consensus estimate of $495.19 million. Matson had a net margin of 3.76% and a return on equity of 16.10%. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 earnings per share. View Matson's Earnings History.
When will Matson make its next earnings announcement?
Where is Matson's stock going? Where will Matson's stock price be in 2017?
4 equities research analysts have issued 12 month price objectives for Matson's stock. Their forecasts range from $22.00 to $32.00. On average, they anticipate Matson's stock price to reach $25.67 in the next year. View Analyst Ratings for Matson.
Who are some of Matson's key competitors?
Who owns Matson stock?
Matson's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Hermes Investment Management Ltd. (1.66%) and Shell Asset Management Co. (0.15%). Company insiders that own Matson stock include Constance H Lau, Jeffrey N Watanabe, Joel M Wine, Matthew J Cox, Michael J Chun, Peter T Heilmann, Ronald J Forest, Stanley M Kuriyama, Thomas B Fargo, Vic S Angoco Jr, Vic S Angoco, Jr and W Blake Baird. View Institutional Ownership Trends for Matson.
Who sold Matson stock? Who is selling Matson stock?
Matson's stock was sold by a variety of institutional investors in the last quarter, including Hermes Investment Management Ltd.. Company insiders that have sold Matson stock in the last year include Matthew J Cox, Michael J Chun, Peter T Heilmann, Ronald J Forest and W Blake Baird. View Insider Buying and Selling for Matson.
Who bought Matson stock? Who is buying Matson stock?
Matson's stock was acquired by a variety of institutional investors in the last quarter, including Shell Asset Management Co.. Company insiders that have bought Matson stock in the last two years include Jeffrey N Watanabe, Joel M Wine, Stanley M Kuriyama and Thomas B Fargo. View Insider Buying and Selling for Matson.
How do I buy Matson stock?
Shares of Matson can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Matson's stock price today?
MarketBeat Community Rating for Matson (NYSE MATX)MarketBeat's community ratings are surveys of what our community members think about Matson and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Matson stock can currently be purchased for approximately $27.31.
Consensus Ratings for Matson (NYSE:MATX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 2 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$25.67 (6.02% downside)|Consensus Price Target History for Matson (NYSE:MATX)
Analysts' Ratings History for Matson (NYSE:MATX)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/25/2017||Wells Fargo & Company||Reiterated Rating||Underperform||$22.00||Low|
|9/21/2017||Stifel Nicolaus||Reiterated Rating||Buy||$30.00 -> $32.00||High|
|8/18/2017||Stephens||Downgrade||Overweight -> Equal Weight||$38.00 -> $23.00||High|
|12/21/2016||Seaport Global Securities||Reiterated Rating||Neutral||N/A|
|11/9/2015||FBR & Co||Boost Price Target||Market Perform||$45.00 -> $52.00||N/A|
Earnings History for Matson (NYSE:MATX)Earnings History by Quarter for Matson (NYSE MATX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017||Q2 2017||$0.44||$0.55||$495.19 million||$512.50 million||View||N/A|
|5/3/2017||Q1 2017||$0.15||$0.16||$417.03 million||$474.40 million||View||Listen|
|2/21/2017||Q416||$0.46||$0.44||$493.69 million||$519.30 million||View||Listen|
|11/7/2016||Q316||$0.70||$0.58||$481.78 million||$500.40 million||View||Listen|
|8/2/2016||Q216||$0.42||$0.42||$487.35 million||$467.70 million||View||Listen|
|5/4/2016||Q116||$0.42||$0.41||$475.34 million||$454.20 million||View||Listen|
|2/23/2016||Q415||$0.62||$0.60||$517.66 million||$494.80 million||View||Listen|
|11/4/2015||Q315||$0.78||$1.08||$549.48 million||$544.30 million||View||N/A|
|8/4/2015||Q215||$0.51||$0.56||$456.39 million||$447.60 million||View||N/A|
|5/4/2015||Q115||$0.55||$0.57||$427.70 million||$398.20 million||View||Listen|
|2/24/2015||Q414||$0.58||$0.63||$450.27 million||$443.50 million||View||N/A|
|11/6/2014||Q314||$0.44||$0.50||$431.80 million||$441.80 million||View||N/A|
|7/31/2014||Q313||$0.43||$0.42||$425.62 million||$436.50 million||View||Listen|
|5/6/2014||Q1 14||$0.09||$0.08||$404.70 million||$392.50 million||View||N/A|
|8/7/2013||Q2 2013||$0.44||$0.47||$398.33 million||$416.60 million||View||N/A|
|2/7/2013||Q4 2012||$0.29||$0.36||$389.13 million||$398.30 million||View||N/A|
|11/7/2012||Q312||$0.40||$0.45||$281.40 million||$307.10 million||View||N/A|
Earnings Estimates for Matson (NYSE:MATX)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Matson (NYSE:MATX)
|Most Recent Dividend:||9/7/2017|
|Dividend Growth:||6.10% (3 Year Average)|
|Payout Ratio:||46.24% (Trailing 12 Months of Earnings) |
47.90% (Based on This Year's Estimates)
43.01% (Based on Next Year's Estimates)
|Track Record:||4 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Matson (NYSE MATX)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Matson (NYSE:MATX)
Insider Ownership Percentage: 2.60%Insider Trades by Quarter for Matson (NYSE:MATX)
Institutional Ownership Percentage: 84.12%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/23/2017||Jeffrey N. Watanabe||Director||Buy||4,100||$24.07||$98,687.00|| |
|8/23/2017||Joel M Wine||CFO||Buy||6,100||$24.07||$146,827.00|| |
|8/21/2017||Thomas B. Fargo||Director||Buy||2,000||$23.61||$47,220.00|| |
|8/3/2017||W Blake Baird||Director||Sell||2,578||$29.98||$77,288.44|| |
|5/17/2017||Stanley M Kuriyama||Director||Buy||3,300||$29.75||$98,175.00|| |
|5/8/2017||Matthew J Cox||CEO||Sell||20,000||$32.16||$643,200.00|| |
|5/8/2017||W Blake Baird||Director||Sell||2,668||$32.63||$87,056.84|| |
|3/2/2017||Michael J. Chun||Director||Sell||4,300||$34.34||$147,662.00|| |
|12/6/2016||Ronald J Forest||Insider||Sell||1,536||$37.37||$57,400.32|| |
|12/5/2016||Peter T Heilmann||SVP||Sell||3,218||$37.73||$121,415.14|| |
|12/1/2016||Matthew J Cox||CEO||Sell||3,665||$36.88||$135,165.20|| |
|11/29/2016||Michael J. Chun||Director||Sell||1,000||$38.66||$38,660.00|| |
|9/2/2016||W Blake Baird||Director||Sell||1,000||$41.67||$41,670.00|| |
|9/1/2016||Vic S Angoco Jr||Insider||Sell||12,162||$40.20||$488,912.40|| |
|8/29/2016||Vic S Angoco Jr||SVP||Sell||11,476||$36.35||$417,152.60|| |
|8/9/2016||W Blake Baird||Director||Sell||1,000||$35.96||$35,960.00|| |
|3/3/2016||Michael J Chun||Director||Sell||3,860||$38.88||$150,076.80|| |
|1/12/2016||Matthew J. Cox||CEO||Sell||5,321||$37.85||$201,399.85|| |
|12/11/2015||Matthew J. Cox||CEO||Sell||5,051||$44.23||$223,405.73|| |
|11/24/2015||Constance H. Lau||Director||Sell||8,082||$51.70||$417,839.40|| |
|11/11/2015||Matthew J. Cox||CEO||Sell||4,746||$52.24||$247,931.04|| |
|11/9/2015||Vic S. Angoco, Jr.||SVP||Sell||6,184||$51.86||$320,702.24|| |
|11/9/2015||W Blake Baird||Director||Sell||1,000||$52.25||$52,250.00|| |
|10/13/2015||Matthew J. Cox||CEO||Sell||5,468||$44.21||$241,740.28|| |
|9/11/2015||Matthew J. Cox||CEO||Sell||5,017||$36.91||$185,177.47|| |
|8/18/2015||Matthew J Cox||CEO||Sell||5,519||$40.74||$224,844.06|| |
|7/13/2015||Matthew J Cox||CEO||Sell||6,687||$43.27||$289,346.49|| |
|6/11/2015||Matthew J Cox||CEO||Sell||6,601||$41.18||$271,829.18|| |
|5/21/2015||Michael J Chun||Director||Sell||1,500||$41.89||$62,835.00|| |
|5/19/2015||Matthew J Cox||CEO||Sell||7,081||$42.85||$303,420.85|| |
|5/14/2015||W Blake Baird||Director||Sell||1,299||$42.47||$55,168.53|| |
|5/7/2015||W Blake Baird||Director||Sell||2,535||$42.98||$108,954.30|| |
|11/20/2014||Dale B Hendler||VP||Sell||2,686||$33.65||$90,383.90|| |
|11/20/2014||Ronald J Forest||SVP||Sell||8,189||$33.32||$272,857.48|| |
|11/19/2014||Matthew J Cox||CEO||Sell||20,000||$33.28||$665,600.00|| |
|11/14/2014||David L Hoppes||SVP||Sell||60,175||$34.48||$2,074,834.00|| |
|11/14/2014||Rusty K Rolfe||Insider||Sell||10,395||$34.26||$356,132.70|| |
|8/23/2013||Dale B Hendler||VP||Sell||23,434||$29.16||$683,335.44|| |
|5/23/2013||Jeffrey N Watanabe||Director||Sell||3,000||$25.50||$76,500.00|| |
Headline Trends for Matson (NYSE:MATX)
Latest Headlines for Matson (NYSE:MATX)
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Matson (MATX) Chart for Monday, October, 23, 2017