NYSE:MATX - Matson Stock Price, Forecast & News

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

Matson declared a quarterly dividend on Thursday, January 23rd. Stockholders of record on Thursday, February 6th will be given a dividend of $0.22 per share on Thursday, March 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, February 5th. View Matson's Dividend History.

Matson Inc (NYSE:MATX) released its quarterly earnings results on Thursday, November, 7th. The shipping company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.01. The shipping company had revenue of $572.10 million for the quarter, compared to analysts' expectations of $574.44 million. Matson had a net margin of 3.94% and a return on equity of 11.39%. Matson's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. View Matson's Earnings History.

Matson is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Matson.

Matson will be holding an earnings conference call on Tuesday, February 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

3 equities research analysts have issued 1 year target prices for Matson's shares. Their forecasts range from $37.00 to $48.00. On average, they expect Matson's stock price to reach $43.00 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price. View Analyst Price Targets for 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.

Headlines about MATX stock have trended neutral on Tuesday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news 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 positive five, with scores closest to five being the most favorable. Matson earned a media sentiment score of 0.3 on InfoTrie's scale. They also gave news stories about the shipping company a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an effect on the company's share price in the near future. View News Stories for Matson.

Matson saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 536,600 shares, a drop of 20.2% from the January 15th total of 672,300 shares. Based on an average daily volume of 154,400 shares, the days-to-cover ratio is presently 3.5 days. Approximately 1.3% of the company's stock are short sold. View Matson's Current Options Chain.

Some companies that are related to Matson include Kirby (KEX), Golar LNG (GLNG), Teekay Lng Partners (TGP), Golden Ocean Group (GOGL), Teekay Offshore Partners (TOO), Tidewater (TDW), International Seaways (INSW), KNOT Offshore Partners (KNOP), Teekay Tankers (TNK), GasLog (GLOG), Nordic American Tanker (NAT), Hoegh LNG Partners (HMLP), Golar LNG Partners (GMLP), GasLog Partners LP Unit (GLOP) and Dynagas LNG Partners (DLNG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Matson investors own include Nordic American Tanker (NAT), Verizon Communications (VZ), Intrexon (XON), Exxon Mobil (XOM), Walgreens Boots Alliance (WBA), Energy Transfer LP Unit (ET), Home Depot (HD), Southwest Airlines (LUV), Cisco Systems (CSCO) and Gilead Sciences (GILD).

Matson's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include ArrowMark Colorado Holdings LLC (6.97%), Hotchkis & Wiley Capital Management LLC (3.95%), State Street Corp (3.00%), Bank of New York Mellon Corp (1.49%), Principal Financial Group Inc. (0.79%) and Bank of America Corp DE (0.71%). Company insiders that own Matson stock include Jeffrey N Watanabe, 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.

MATX stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Hotchkis & Wiley Capital Management LLC, Mackay Shields LLC, Alambic Investment Management L.P., Arizona State Retirement System, Benjamin F. Edwards & Company Inc., Ceredex Value Advisors LLC and KBC Group NV. Company insiders that have sold Matson company stock in the last year include Matthew J Cox, Michael J Chun, Peter T Heilmann, Ronald J Forest, Rusty K Rolfe, Vic S Angoco Jr and W Blake Baird. View Insider Buying and Selling for Matson.

MATX stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., ArrowMark Colorado Holdings LLC, State Street Corp, Great West Life Assurance Co. Can, UBS Group AG, Renaissance Technologies LLC, Los Angeles Capital Management & Equity Research Inc. and Cubist Systematic Strategies LLC. View Insider Buying and Selling for 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.

One share of MATX stock can currently be purchased for approximately $36.81.

Matson has a market capitalization of $1.58 billion and generates $2.22 billion in revenue each year. The shipping company earns $109 million in net income (profit) each year or $2.53 on an earnings per share basis. Matson employs 2,007 workers across the globe.View Additional Information About Matson.

The official website for Matson is http://www.matson.com/.

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]