Matson - MATX Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Matson in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MATX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MATX, but not buy additional shares or sell existing shares.
View MATX analyst ratings or view top-rated stocks.

3 equities research analysts have issued 1-year price targets for Matson's shares. Their MATX share price forecasts range from $70.00 to $80.00. On average, they predict the company's share price to reach $74.33 in the next year. This suggests a possible upside of 22.7% from the stock's current price.
View analysts price targets for MATX or view top-rated stocks among Wall Street analysts.

Matson's stock was trading at $62.51 at the beginning of 2023. Since then, MATX shares have decreased by 3.1% and is now trading at $60.58.
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Matson saw a decline in short interest in February. As of February 28th, there was short interest totaling 1,300,000 shares, a decline of 7.8% from the February 13th total of 1,410,000 shares. Based on an average daily trading volume, of 317,000 shares, the days-to-cover ratio is presently 4.1 days. Approximately 3.7% of the shares of the stock are short sold.
View Matson's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our MATX earnings forecast.

Matson, Inc. (NYSE:MATX) posted its quarterly earnings data on Tuesday, February, 21st. The shipping company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.97 by $0.13. The shipping company had revenue of $801.60 million for the quarter, compared to analyst estimates of $801.22 million. Matson had a net margin of 24.50% and a trailing twelve-month return on equity of 49.26%. Matson's revenue was down 36.7% compared to the same quarter last year. During the same quarter last year, the business earned $9.39 earnings per share.

Matson announced a quarterly dividend on Thursday, January 26th. Stockholders of record on Thursday, February 9th will be paid a dividend of $0.31 per share on Thursday, March 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Wednesday, February 8th.
Read our dividend analysis for MATX.

ETFs with the largest weight of Matson (NYSE:MATX) stock in their portfolio include U.S. Global Sea to Sky Cargo ETF (SEA), Pacer US Small Cap Cash Cows 100 ETF (CALF), SonicShares Global Shipping ETF (BOAT), Alpha Architect U.S. Quantitative Value ETF (QVAL), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Value with Momentum ETF (XSVM) and ETC 6 Meridian Small Cap Equity ETF (SIXS).

Matson (NYSE:MATX) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.07%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 4.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MATX will have a dividend payout ratio of 25.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MATX.

Matson updated its fourth quarter 2022 earnings guidance on Wednesday, January, 18th. The company provided EPS guidance of $1.88-$2.01 for the period, compared to the consensus EPS estimate of $3.42. The company issued revenue guidance of -.

26 employees have rated Matson Chief Executive Officer Matt Cox on Glassdoor.com. Matt Cox has an approval rating of 89% among the company's employees.

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).

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

Matson's stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (6.44%), ArrowMark Colorado Holdings LLC (3.78%), Fuller & Thaler Asset Management Inc. (3.63%), Geode Capital Management LLC (1.82%), Pacer Advisors Inc. (1.25%) and American Century Companies Inc. (1.22%). Insiders that own company stock include Branton B Dreyfus, Christopher A Scott, Grace M Cerocke, Jason Lee Taylor, Jenai S Wall, Jenai S Wall, John P Lauer, Kevin L Stuck, Laura L Rascon, Mark H Fukunaga, Matthew J Cox, Matthew J Cox, Peter T Heilmann, Richard S Kinney, Ronald J Forest, Ronald J Forest, Rusty K Rolfe, Thomas B Fargo and Vic S Angoco Jr.
View institutional ownership trends.

Shares of MATX stock 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.
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One share of MATX stock can currently be purchased for approximately $60.58.

Matson (NYSE:MATX) has a market capitalization of $2.19 billion and generates $4.34 billion in revenue each year. The shipping company earns $1.06 billion in net income (profit) each year or $26.71 on an earnings per share basis.

The company employs 4,288 workers across the globe.

Matson's mailing address is 1411 SAND ISLAND PARKWAY, HONOLULU HI, 96819. The official website for the company is www.matson.com. The shipping company can be reached via phone at (808) 848-1211, via email at investor-relations@matson.com, or via fax at 510-628-7380.