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NYSE:MATXMatson Stock Price, Forecast & News

$30.44
+0.79 (+2.66 %)
(As of 06/4/2020 04:00 PM ET)
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Today's Range
$30.34
Now: $30.44
$31.31
50-Day Range
$24.92
MA: $27.81
$32.17
52-Week Range
$23.75
Now: $30.44
$42.15
Volume179,300 shs
Average Volume219,219 shs
Market Capitalization$1.31 billion
P/E Ratio17.70
Dividend Yield2.89%
Beta1.09
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: 3.3Community Rank: 2.3Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.54 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$5.84 per share
Book Value$18.80 per share

Profitability

Net Income$82.70 million

Miscellaneous

Employees1,988
Market Cap$1.31 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Matson (NYSE:MATX) Frequently Asked Questions

How has Matson's stock been impacted by COVID-19 (Coronavirus)?

Matson's stock was trading at $29.94 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MATX shares have increased by 1.7% and is now trading at $30.44. View which stocks have been most impacted by Coronavirus.

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 Wednesday, August 5th 2020. View our earnings forecast for Matson.

How were Matson's earnings last quarter?

Matson Inc (NYSE:MATX) posted its earnings results on Tuesday, May, 5th. The shipping company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The shipping company earned $513.90 million during the quarter, compared to analysts' expectations of $513.81 million. Matson had a return on equity of 9.34% and a net margin of 3.39%. The firm's revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS. 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, April 23rd. Investors of record on Thursday, May 7th will be paid a dividend of $0.22 per share on Thursday, June 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, May 6th. View Matson's dividend history.

What price target have analysts set for MATX?

3 Wall Street analysts have issued 1-year price targets for Matson's stock. Their forecasts range from $30.00 to $48.00. On average, they expect Matson's share price to reach $38.33 in the next twelve months. This suggests a possible upside of 25.9% from the stock's current price. View analysts' price targets for Matson.

Has Matson been receiving favorable news coverage?

Headlines about MATX stock have been trending negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded 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 -2.7 on InfoTrie's scale. They also gave press coverage about the shipping company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutMatson.

Are investors shorting Matson?

Matson saw a decline in short interest in April. As of April 30th, there was short interest totaling 802,300 shares, a decline of 17.8% from the April 15th total of 976,600 shares. Based on an average daily trading volume, of 228,800 shares, the short-interest ratio is currently 3.5 days. Approximately 1.9% of the company's shares are short sold. View Matson's Current Options Chain.

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.56%), ArrowMark Colorado Holdings LLC (7.65%), Fuller & Thaler Asset Management Inc. (5.90%), Capital Research Global Investors (5.69%), State Street Corp (3.23%) and Bank of New York Mellon Corp (1.42%). 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 institutional investors are selling Matson stock?

MATX stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Morgan Stanley, RK Capital Management LLC, Invesco Ltd., UBS Group AG, Parametric Portfolio Associates LLC, and Bank of New York Mellon Corp. Company insiders that have sold Matson company stock in the last year include Matthew J Cox, Peter T Heilmann, Ronald J Forest, Rusty K Rolfe, Vic S Angoco Jr, and W Blake Baird. View insider buying and selling activity for Matson.

Which institutional investors are buying Matson stock?

MATX stock was acquired by a variety of institutional investors in the last quarter, including Capital Research Global Investors, ArrowMark Colorado Holdings LLC, Primecap Management Co. CA, Tensile Capital Management LLC, Wellington Management Group LLP, State Street Corp, Geode Capital Management LLC, and JPMorgan Chase & Co.. 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 $30.44.

How big of a company is Matson?

Matson has a market capitalization of $1.31 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 6/5/2020 by MarketBeat.com Staff

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