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 2 hold ratings 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 brokerages have issued twelve-month price objectives for Matson's stock. Their MATX share price forecasts range from $73.00 to $80.00. On average, they expect the company's stock price to reach $76.50 in the next year. This suggests a possible upside of 15.7% 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 $62.51 at the start of the year. Since then, MATX stock has increased by 5.8% and is now trading at $66.12.
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Matson saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 1,300,000 shares, an increase of 17.1% from the December 31st total of 1,110,000 shares. Based on an average trading volume of 344,500 shares, the days-to-cover ratio is presently 3.8 days. Currently, 3.5% of the shares of the company are sold short.
View Matson's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our MATX earnings forecast.

Matson will be holding an earnings conference call on Tuesday, February 21st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Matson, Inc. (NYSE:MATX) announced its earnings results on Wednesday, November, 2nd. The shipping company reported $6.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.75 by $0.14. The shipping company earned $1.11 billion during the quarter, compared to analyst estimates of $1.05 billion. Matson had a trailing twelve-month return on equity of 68.93% and a net margin of 28.71%.

Matson declared a quarterly dividend on Thursday, January 26th. Investors of record on Thursday, February 9th will be given a dividend of $0.31 per share on Thursday, March 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, February 8th.
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 1.94%. 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 3.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MATX will have a dividend payout ratio of 16.60% 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 fourth quarter 2022 earnings guidance on Wednesday, January, 18th. The company provided earnings per share (EPS) guidance of $1.88-$2.01 for the period, compared to the consensus estimate of $3.42. 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 number of institutional and retail investors. Top institutional shareholders include Arden Trust Co (0.60%), Seven Post Investment Office LP (0.28%), Empowered Funds LLC (0.19%), New York State Teachers Retirement System (0.18%), Allspring Global Investments Holdings LLC (0.16%) and Comerica Bank (0.08%). 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, Matthew J Cox, Matthew J Cox, Peter T Heilmann, Richard S Kinney, Ronald J Forest, Ronald J Forest, Rusty K Rolfe, Thomas B Fargo and Vic S Angoco Jr.
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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 $66.12.

Matson (NYSE:MATX) has a market capitalization of $2.50 billion and generates $3.93 billion in revenue each year. The shipping company earns $927.40 million in net income (profit) each year or $34.00 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.