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NYSE:MATX

Matson Stock Forecast, Price & News

$41.85
+0.49 (+1.18 %)
(As of 09/18/2020 10:03 AM ET)
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Compare
Today's Range
$41.69
Now: $41.85
$41.85
50-Day Range
$36.05
MA: $39.45
$41.82
52-Week Range
$23.75
Now: $41.85
$42.15
Volume632 shs
Average Volume232,575 shs
Market Capitalization$1.80 billion
P/E Ratio20.41
Dividend Yield2.29%
Beta1.21
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: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.72 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$6.14 per share
Book Value$18.80 per share

Profitability

Net Income$82.70 million

Miscellaneous

Employees1,988
Market Cap$1.80 billion
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$41.85
+0.49 (+1.18 %)
(As of 09/18/2020 10:03 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Matson (NYSE:MATX) Frequently Asked Questions

How has Matson's stock price been impacted by COVID-19?

Matson's stock was trading at $29.94 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MATX shares have increased by 38.1% and is now trading at $41.36.
View which stocks have been most impacted by COVID-19
.

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) released its quarterly earnings data on Wednesday, August, 5th. The shipping company reported $0.76 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.74 by $0.02. The shipping company had revenue of $524.10 million for the quarter, compared to analysts' expectations of $589.86 million. 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 declared a quarterly dividend on Thursday, June 25th. Stockholders 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 dividend yield of 2.22%. The ex-dividend date of this dividend 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 updated its second quarter 2020 After-Hours earnings guidance on Thursday, July, 9th. The company provided earnings per share (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 equities research analysts have issued twelve-month price targets for Matson's stock. Their forecasts range from $30.00 to $48.00. On average, they expect Matson's stock price to reach $41.00 in the next year. This suggests that the stock has a possible downside of 0.9%.
View analysts' price targets for Matson
.

Are investors shorting Matson?

Matson saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 783,700 shares, a decline of 17.9% from the August 15th total of 954,300 shares. Based on an average daily volume of 254,800 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.9% of the shares of the company are short sold.
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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.28%), ArrowMark Colorado Holdings LLC (6.99%), Bank of New York Mellon Corp (1.40%), London Co. of Virginia (1.04%), Principal Financial Group Inc. (0.75%) and Principal Financial Group Inc. (0.75%). 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 ArrowMark Colorado Holdings LLC, Goldman Sachs Group Inc., Vanguard Group Inc., Bank of America Corp DE, UBS Group AG, First Trust Advisors LP, Prudential Financial Inc., and London Co. of Virginia. Company insiders that have sold Matson company stock in the last year include Peter T Heilmann, Ronald J Forest, and W Blake Baird.
View insider buying and selling activity for Matson
.

Which major investors are buying Matson stock?

MATX stock was purchased by a variety of institutional investors in the last quarter, including Denali Advisors LLC, RK Capital Management LLC, Charles Schwab Investment Management Inc., SG Americas Securities LLC, Rafferty Asset Management LLC, Jane Street Group LLC, Sciencast Management LP, and New York State Common Retirement Fund.
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 $41.36.

How big of a company is Matson?

Matson has a market capitalization of $1.78 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 9/18/2020 by MarketBeat.com Staff

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