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NYSE:MATXMatson Stock Price, Forecast & News

$40.22
-0.21 (-0.52 %)
(As of 08/12/2020 01:57 PM ET)
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Compare
Today's Range
$40.22
Now: $40.22
$41.40
50-Day Range
$27.36
MA: $33.78
$39.84
52-Week Range
$23.75
Now: $40.22
$42.15
Volume5,844 shs
Average Volume238,102 shs
Market Capitalization$1.73 billion
P/E Ratio19.62
Dividend Yield2.31%
Beta1.2
Matson, Inc. 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, 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 Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, it offers ship management services. The 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 forwarding services; warehousing and distribution services; and supply chain management 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.84 out of 5 stars


Industry, Sector and Symbol

Industry Water transportation
Sub-IndustryMarine
CUSIP57686G10
CIK3453
Phone808-848-1211

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.67 billion
Cash Flow$5.88 per share
Book Value$18.80 per share

Profitability

Net Income$82.70 million

Miscellaneous

Employees1,988
Market Cap$1.73 billion
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$40.22
-0.21 (-0.52 %)
(As of 08/12/2020 01:57 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Matson (NYSE:MATX) Frequently Asked Questions

How has Matson's stock been impacted by COVID-19 (Coronavirus)?

Matson's stock was trading at $29.94 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MATX stock has increased by 34.3% and is now trading at $40.22.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Matson?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matson in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Matson
.

When is Matson's next earnings date?

Matson is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Matson
.

How were Matson's earnings last quarter?

Matson Inc (NYSE:MATX) announced its earnings results on Wednesday, August, 5th. The shipping company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Matson had a net margin of 4.11% and a return on equity of 10.98%.
View Matson's earnings history
.

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

Matson announced a quarterly dividend on Thursday, June 25th. Investors of record on Thursday, August 6th will be paid a dividend of $0.23 per share on Thursday, September 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Wednesday, August 5th. This is a boost from Matson's previous quarterly dividend of $0.22.
View Matson's dividend history
.

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

Matson issued an update on its second quarter 2020 After-Hours earnings guidance on Thursday, July, 9th. The company provided EPS guidance of 0.70-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.12.

What price target have analysts set for MATX?

3 brokers have issued twelve-month target prices for Matson's shares. Their forecasts range from $30.00 to $48.00. On average, they anticipate Matson's stock price to reach $41.00 in the next twelve months. This suggests a possible upside of 1.9% from the stock's current price.
View analysts' price targets for Matson
.

Has Matson been receiving favorable news coverage?

Media coverage about MATX stock has trended negative on Wednesday, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Matson earned a news sentiment score of -2.2 on InfoTrie's scale. They also gave news coverage about the shipping company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term.
View the latest news about Matson
.

Are investors shorting Matson?

Matson saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 673,400 shares, an increase of 25.5% from the January 15th total of 536,600 shares. Based on an average daily trading volume, of 154,500 shares, the days-to-cover ratio is presently 4.4 days. Currently, 1.6% of the shares of the company are sold short.
View Matson's Short Interest
.

Who are some of Matson's key competitors?

What other stocks do shareholders of Matson own?

Who are Matson's key executives?

Matson's management team includes the following people:
  • Mr. Matthew J. Cox, Chairman & CEO (Age 58)
  • Mr. Ronald J. Forest, Pres (Age 63)
  • Mr. Joel M. Wine, Sr. VP, CFO & Treasurer (Age 47)
  • Mr. Peter T. Heilmann, Sr. VP, Chief Admin. Officer & Gen. Counsel (Age 50)
  • Mr. John P. Lauer, Sr. VP & Chief Commercial Officer (Age 58)

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 number of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (0.75%), Denali Advisors LLC (0.23%), New York State Teachers Retirement System (0.23%), California Public Employees Retirement System (0.22%), New York State Common Retirement Fund (0.18%) and Comerica Bank (0.15%). Company insiders that own Matson stock include Mark H Fukunaga, Matthew J Cox, Michael J Chun, Peter T Heilmann, 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 UBS Group AG, First Trust Advisors LP, Prudential Financial Inc., Principal Financial Group Inc., PNC Financial Services Group Inc., Texas Permanent School Fund, M&T Bank Corp, and Zeke Capital Advisors LLC. Company insiders that have sold Matson company stock in the last year include Peter T Heilmann, Ronald J Forest, Rusty K Rolfe, Vic S Angoco Jr, and W Blake Baird.
View insider buying and selling activity for Matson
.

Which major investors are buying Matson stock?

MATX stock was bought by a variety of institutional investors in the last quarter, including Denali Advisors LLC, SG Americas Securities LLC, Rafferty Asset Management LLC, Sciencast Management LP, New York State Common Retirement Fund, Swiss National Bank, Comerica Bank, and Everence Capital Management Inc..
View insider buying and selling activity for Matson
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Matson's stock price today?

One share of MATX stock can currently be purchased for approximately $40.22.

How big of a company is Matson?

Matson has a market capitalization of $1.73 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. Matson employs 1,988 workers across the globe.

What is Matson's official website?

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

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 8/12/2020 by MarketBeat.com Staff

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