Matson Stock Price, News & Analysis (NYSE:MATX)

3 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 and 1 buy rating 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.

3 brokerages have issued 12-month price targets for Matson's shares. Their MATX share price targets range from $102.00 to $116.00. On average, they predict the company's share price to reach $109.33 in the next year. This suggests a possible upside of 13.6% 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 beginning of 2023. Since then, MATX stock has increased by 54.0% and is now trading at $96.25.
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Matson saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,100,000 shares, an increase of 32.9% from the October 31st total of 827,700 shares. Based on an average daily volume of 183,800 shares, the days-to-cover ratio is currently 6.0 days. Approximately 3.2% of the company's stock are short sold.
View Matson's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our MATX earnings forecast.

Matson, Inc. (NYSE:MATX) released its quarterly earnings data on Monday, October, 30th. The shipping company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.36 by $0.04. The shipping company earned $827.50 million during the quarter, compared to analysts' expectations of $798.86 million. Matson had a trailing twelve-month return on equity of 13.53% and a net margin of 10.06%. The firm's revenue for the quarter was down 25.8% compared to the same quarter last year. During the same period last year, the business earned $6.89 EPS.

Matson declared a quarterly dividend on Thursday, October 26th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.32 per share on Thursday, December 7th. This represents a $1.28 annualized dividend and a yield of 1.33%. The ex-dividend date is Wednesday, November 8th.
Read our dividend analysis for MATX.

Matson (NYSE:MATX) pays an annual dividend of $1.28 per share and currently has a dividend yield of 1.31%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 14.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MATX will have a dividend payout ratio of 17.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MATX.

ETFs with the largest weight of Matson (NYSE:MATX) stock in their portfolio include SonicShares Global Shipping ETF (BOAT), The Acquirers Fund (ZIG), SPDR S&P Transportation ETF (XTN), Pacer US Small Cap Cash Cows 100 ETF (CALF), Euclidean Fundamental Value ETF (ECML), Invesco S&P SmallCap Industrials ETF (PSCI), Freedom Day Dividend ETF (MBOX) and Invesco S&P SmallCap 600 Pure Growth ETF (RZG).

Matson issued an update on its third quarter 2023 earnings guidance on Monday, October, 23rd. The company provided earnings per share (EPS) guidance of $3.23-$3.41 for the period, compared to the consensus EPS estimate of $2.69. 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's stock is owned by many different institutional and retail investors. Top institutional shareholders include Fuller & Thaler Asset Management Inc. (3.69%), American Century Companies Inc. (1.86%), Bank of New York Mellon Corp (1.39%), Northern Trust Corp (1.30%), Morgan Stanley (1.05%) and Charles Schwab Investment Management Inc. (1.02%). 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, Kuuhaku T Park, Laura L Rascon, Mark H Fukunaga, 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.
View institutional ownership trends.

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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