Matson (MATX) Set to Announce Earnings on Wednesday

Matson (NYSE:MATX) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $4.98 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Matson (NYSE:MATX) last announced its earnings results on Thursday, August 1st. The shipping company reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.26. The firm had revenue of $847.40 million for the quarter, compared to analyst estimates of $861.68 million. Matson had a return on equity of 13.87% and a net margin of 10.41%. On average, analysts expect Matson to post $11 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Matson Price Performance

Shares of NYSE MATX opened at $133.31 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a fifty day moving average of $135.05 and a 200 day moving average of $126.27. The firm has a market cap of $4.66 billion, a PE ratio of 15.72 and a beta of 1.07. Matson has a one year low of $82.68 and a one year high of $144.93.

Matson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.02%. Matson’s dividend payout ratio is currently 16.04%.

Insider Activity

In related news, CFO Joel M. Wine sold 3,524 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $132.94, for a total transaction of $468,480.56. Following the completion of the sale, the chief financial officer now owns 95,450 shares of the company’s stock, valued at approximately $12,689,123. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Matthew J. Cox sold 6,499 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $143.82, for a total transaction of $934,686.18. Following the transaction, the chief executive officer now owns 208,898 shares of the company’s stock, valued at approximately $30,043,710.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Joel M. Wine sold 3,524 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $132.94, for a total transaction of $468,480.56. Following the completion of the sale, the chief financial officer now directly owns 95,450 shares of the company’s stock, valued at $12,689,123. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,736 shares of company stock worth $5,617,854 over the last three months. Insiders own 2.32% of the company’s stock.

Wall Street Analyst Weigh In

MATX has been the topic of a number of research reports. StockNews.com lowered shares of Matson from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 6th. Stephens lifted their price target on Matson from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd.

Matson Company Profile

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.