Matson - MATX Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Matson in the last twelve months. There are currently 1 sell rating and 1 hold rating 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.

2 brokers have issued twelve-month price objectives for Matson's shares. Their MATX share price forecasts range from $80.00 to $93.00. On average, they predict the company's share price to reach $86.50 in the next year. This suggests a possible upside of 36.1% 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 $90.03 at the start of the year. Since then, MATX stock has decreased by 29.4% and is now trading at $63.57.
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Matson saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,780,000 shares, an increase of 15.6% from the August 15th total of 1,540,000 shares. Based on an average trading volume of 351,800 shares, the days-to-cover ratio is presently 5.1 days. Currently, 4.7% of the shares of the stock are sold short.
View Matson's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our MATX earnings forecast.

Matson, Inc. (NYSE:MATX) released its quarterly earnings data on Monday, August, 1st. The shipping company reported $9.49 earnings per share for the quarter, topping analysts' consensus estimates of $9.38 by $0.11. The shipping company earned $1.26 billion during the quarter, compared to the consensus estimate of $1.35 billion. Matson had a trailing twelve-month return on equity of 79.22% and a net margin of 29.33%.

Matson declared a quarterly dividend on Wednesday, June 22nd. Investors of record on Thursday, August 4th will be given a dividend of $0.31 per share on Thursday, September 1st. This represents a $1.24 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Wednesday, August 3rd. This is a positive change from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for MATX.

Matson (NYSE:MATX) pays an annual dividend of $1.24 per share and currently has a dividend yield of 1.95%. 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 3.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MATX will have a dividend payout ratio of 13.29% 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 second quarter 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share guidance of $9.31-$9.42 for the period, compared to the consensus EPS estimate of $8.26. 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 variety of institutional and retail investors. Top institutional shareholders include State Street Corp (3.71%), Northern Trust Corp (1.23%), Millennium Management LLC (0.98%), Goldman Sachs Group Inc. (0.92%), Primecap Management Co. CA (0.86%) and London Co. of Virginia (0.81%). 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, Vic S Angoco Jr and W Blake Baird.
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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 $63.57.

Matson (NYSE:MATX) has a market capitalization of $2.48 billion and generates $3.93 billion in revenue each year. The shipping company earns $927.40 million in net income (profit) each year or $33.64 on an earnings per share basis.

The company employs 4,259 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.