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.
Industry, Sector and Symbol
Industry Water transportation
Sub-IndustryMarine
SectorTransportation
SymbolNYSE:MATX
CUSIP57686G10
Phone808-848-1211
Debt
Debt-to-Equity Ratio1.27
Current Ratio0.98
Quick Ratio0.98
Price-To-Earnings
Trailing P/E Ratio22.01
Forward P/E Ratio17.61
P/E Growth3.5
Sales & Book Value
Annual Sales$2.05 billion
Price / Sales0.81
Cash Flow$4.2121 per share
Price / Cash9.24
Book Value$15.98 per share
Price / Book2.44
Profitability
EPS (Most Recent Fiscal Year)$1.78
Net Income$232 million
Net Margins11.48%
Return on Equity14.30%
Return on Assets3.85%
Miscellaneous
Employees1,947
Outstanding Shares42,650,000
Matson (NYSE:MATX) Frequently Asked Questions
What is Matson's stock symbol?
Matson trades on the New York Stock Exchange (NYSE) under the ticker symbol "MATX."
How often does Matson pay dividends? What is the dividend yield for Matson?
Matson announced a quarterly dividend on Friday, April 27th. Shareholders of record on Thursday, May 10th will be paid a dividend of $0.20 per share on Thursday, June 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Wednesday, May 9th. View Matson's Dividend History.
How were Matson's earnings last quarter?
Matson Inc (NYSE:MATX) released its quarterly earnings data on Tuesday, May, 1st. The shipping company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.23 by $0.10. The shipping company earned $511.40 million during the quarter, compared to the consensus estimate of $463.48 million. Matson had a net margin of 11.48% and a return on equity of 14.30%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. View Matson's Earnings History.
When is Matson's next earnings date?
What price target have analysts set for MATX?
5 equities research analysts have issued 12 month target prices for Matson's stock. Their forecasts range from $22.00 to $52.00. On average, they expect Matson's share price to reach $37.00 in the next twelve months. View Analyst Ratings for Matson.
Who are some of Matson's key competitors?
Some companies that are related to Matson include Kirby (KEX), Golar LNG (GLNG), GasLog (GLOG), Teekay Lng Partners, L.P. Common Stock (TGP), Golden Ocean Group (GOGL), Golar LNG Partners (GMLP), Teekay Offshore Partners (TOO), GasLog Partners LP Unit (GLOP), Kenon (KEN), KNOT Offshore Partners (KNOP), Tidewater (TDW), International Seaways (INSW), Hoegh LNG Partners (HMLP), Nordic American Tanker (NAT) and Teekay Tankers (TNK).
Who are Matson's key executives?
Matson's management team includes the folowing people:
- Mr. Matthew J. Cox, Chairman & CEO (Age 57)
- Mr. Ronald J. Forest, Pres (Age 62)
- Mr. Joel M. Wine, Sr. VP, CFO & Treasurer (Age 46)
- Mr. Peter T. Heilmann, Sr. VP, Chief Admin. Officer & Gen. Counsel (Age 49)
- Mr. John P. Lauer, Sr. VP & Chief Commercial Officer (Age 57)
Has Matson been receiving favorable news coverage?
News coverage about MATX stock has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Matson earned a news impact score of 0.14 on Accern's scale. They also gave news stories about the shipping company an impact score of 45.71 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Matson's major shareholders?
Matson's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.63%), Dimensional Fund Advisors LP (6.10%), Northern Trust Corp (1.26%), First Pacific Advisors LLC (0.91%), Schwab Charles Investment Management Inc. (0.86%) and Principal Financial Group Inc. (0.76%). Company insiders that own Matson stock include Constance H Lau, Jeffrey N Watanabe, Joel M Wine, Mark H Fukunaga, Matthew J Cox, Michael J Chun, Peter T Heilmann, Ronald J Forest, Stanley M Kuriyama, Thomas B Fargo, 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 Millennium Management LLC, First Pacific Advisors LLC, Prudential Financial Inc., BlackRock Inc., New York State Common Retirement Fund, GSA Capital Partners LLP, Bank of Hawaii and Guggenheim Capital LLC. Company insiders that have sold Matson company stock in the last year include Jeffrey N Watanabe, Matthew J Cox, Ronald J Forest, Vic S Angoco Jr and W Blake Baird. View Insider Buying and Selling for Matson.
Which major investors are buying Matson stock?
MATX stock was purchased by a variety of institutional investors in the last quarter, including Tensile Capital Management LLC, LSV Asset Management, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Mackay Shields LLC, Chatham Capital Group Inc., Susquehanna Fundamental Investments LLC and Citadel Advisors LLC. Company insiders that have bought Matson stock in the last two years include Constance H Lau, Jeffrey N Watanabe, Joel M Wine, Mark H Fukunaga, Stanley M Kuriyama and Thomas B Fargo. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Matson's stock price today?
One share of MATX stock can currently be purchased for approximately $38.92.
How big of a company is Matson?
Matson has a market capitalization of $1.65 billion and generates $2.05 billion in revenue each year. The shipping company earns $232 million in net income (profit) each year or $1.78 on an earnings per share basis. Matson employs 1,947 workers across the globe.
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]
MarketBeat Community Rating for Matson (MATX)
MarketBeat's community ratings are surveys of what our community members think about Matson and other stocks. Vote "Outperform" if you believe MATX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MATX will underperform the S&P 500 over the long term. You may vote once every thirty days.
