Matson (NYSE:MATX) Releases Earnings Results

Matson (NYSE:MATX) issued its quarterly earnings data on Tuesday. The shipping company reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.60, Zacks reports. Matson had a return on equity of 16.89% and a net margin of 12.37%. The business had revenue of $890.30 million during the quarter, compared to analysts’ expectations of $851.78 million.

Matson Stock Performance

NYSE MATX opened at $143.63 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $4.77 billion, a P/E ratio of 11.95 and a beta of 1.05. The stock has a 50-day moving average of $139.41 and a two-hundred day moving average of $141.09. Matson has a 1-year low of $100.50 and a 1-year high of $169.12.

Matson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 6th will be paid a $0.34 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.95%. Matson’s payout ratio is presently 11.31%.

Analyst Upgrades and Downgrades

MATX has been the subject of several research reports. Stifel Nicolaus boosted their price target on Matson from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday. Wolfe Research cut Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th. Finally, Stephens boosted their price objective on Matson from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday.

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.