NYSE:MATX

Matson Stock Forecast, Price & News

$67.41
-0.40 (-0.59 %)
(As of 04/22/2021 12:00 AM ET)
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Today's Range
$67.22
Now: $67.41
$68.57
50-Day Range
$65.98
MA: $71.20
$77.51
52-Week Range
$23.75
Now: $67.41
$79.05
Volume226,621 shs
Average Volume287,892 shs
Market Capitalization$2.93 billion
P/E Ratio23.74
Dividend Yield1.36%
Beta0.99
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. Matson, Inc. was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. The company was incorporated in 2012 and is headquartered in Honolulu, Hawaii.
Matson logo

Industry, Sector and Symbol

Industry Water transportation
Sub-IndustryMarine
CUSIP57686G10
CIK3453
Phone808-848-1211
Employees4,149
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.67 billion
Cash Flow$5.92 per share
Book Value$18.80 per share

Profitability

Net Income$82.70 million

Miscellaneous

Market Cap$2.93 billion
Next Earnings Date4/27/2021 (Confirmed)
OptionableOptionable

Headlines

Matson, Inc. (NYSE:MATX) CEO Matthew J. Cox Sells 5,000 Shares
April 21, 2021 |  americanbankingnews.com
6 Top-Ranked Stocks With Impressive Net Profit Margins
April 21, 2021 |  finance.yahoo.com
Matson (NYSE:MATX) Releases Q1 Earnings Guidance
April 15, 2021 |  americanbankingnews.com
Matson (NYSE:MATX) Issues Q1 2021 After-Hours Earnings Guidance
April 15, 2021 |  americanbankingnews.com
Matson (MATX) Stock Moves -0.28%: What You Should Know
April 14, 2021 |  finance.yahoo.com
Matson's (NYSE:MATX) Returns Have Hit A Wall
April 7, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.99 out of 5 stars

Transportation Sector

38th out of 240 stocks

Water Transportation Industry

3rd out of 29 stocks

Analyst Opinion: 1.5Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$67.41
-0.40 (-0.59 %)
(As of 04/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 year. There are currently 3 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Matson wasn't one of them. MarketBeat thinks these five stocks 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 Tuesday, April 27th 2021.
View our earnings forecast for Matson
.

How can I listen to Matson's earnings call?

Matson will be holding an earnings conference call on Tuesday, April 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Matson's earnings last quarter?

Matson, Inc. (NYSE:MATX) released its earnings results on Tuesday, February, 23rd. The shipping company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.80 by $0.16. The shipping company had revenue of $700.10 million for the quarter, compared to the consensus estimate of $666.83 million. Matson had a trailing twelve-month return on equity of 14.86% and a net margin of 5.54%. The business's revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 earnings per share.
View Matson's earnings history
.

How has Matson's stock price 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 125.2% and is now trading at $67.41.
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 Saturday, January 30th. Stockholders of record on Thursday, February 11th will be given a dividend of $0.23 per share on Thursday, March 4th. This represents a $0.92 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, February 10th.
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 1.36%. 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 48.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Matson will have a dividend payout ratio of 22.22% 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 issued an update on its first quarter earnings guidance on Thursday, April, 15th. The company provided earnings per share (EPS) guidance of 1.83-1.93 for the period, compared to the Thomson Reuters consensus estimate of $1.29.

What price target have analysts set for MATX?

3 brokers have issued 12 month target prices for Matson's stock. Their forecasts range from $45.00 to $80.00. On average, they expect Matson's share price to reach $61.67 in the next year. This suggests that the stock has a possible downside of 8.5%.
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 retail and institutional investors. Top institutional shareholders include New York State Teachers Retirement System (0.20%), First Hawaiian Bank (0.16%), State of Alaska Department of Revenue (0.07%), Oregon Public Employees Retirement Fund (0.04%), Hillsdale Investment Management Inc. (0.04%) and Crossmark Global Holdings Inc. (0.02%). Company insiders that own Matson stock include Branton B Dreyfus, 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 institutional investors are selling Matson stock?

MATX stock was sold by a variety of institutional investors in the last quarter, including New York State Teachers Retirement System, State of Alaska Department of Revenue, Zeke Capital Advisors LLC, Fruth Investment Management, and First Hawaiian Bank. 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 institutional investors are buying Matson stock?

MATX stock was bought by a variety of institutional investors in the last quarter, including Everence Capital Management Inc., Carroll Financial Associates Inc., Hillsdale Investment Management Inc., Oregon Public Employees Retirement Fund, and Crossmark Global Holdings Inc..
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 $67.41.

How much money does Matson make?

Matson has a market capitalization of $2.93 billion and generates $1.67 billion in revenue each year. The shipping company earns $82.70 million in net income (profit) each year or $1.91 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 4/22/2021 by MarketBeat.com Staff
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