Shares of Matson, Inc. (NYSE:MATX) have been assigned a consensus broker rating score of 0.00 () from the four analysts that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokerages have set a 1 year consensus price objective of $45.00 for the company and are expecting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Matson an industry rank of 183 out of 265 based on the ratings given to its competitors.
Several research analysts have commented on the stock. Seaport Global Securities reissued a “neutral” rating on shares of Matson in a report on Wednesday, December 21st. Zacks Investment Research downgraded shares of Matson from a “hold” rating to a “sell” rating in a report on Friday, February 24th.
Shares of Matson (NYSE:MATX) opened at 32.06 on Thursday. The firm has a market capitalization of $1.38 billion, a P/E ratio of 17.33 and a beta of 1.02. The company has a 50-day moving average price of $34.41 and a 200-day moving average price of $37.33. Matson has a 12-month low of $28.79 and a 12-month high of $43.00.
Matson (NYSE:MATX) last released its quarterly earnings data on Tuesday, February 21st. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by $0.03. Matson had a net margin of 4.57% and a return on equity of 20.49%. The business earned $519.30 million during the quarter, compared to analysts’ expectations of $493.69 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. Equities analysts predict that Matson will post $1.61 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 2nd. Shareholders of record on Thursday, February 9th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Tuesday, February 7th. Matson’s payout ratio is 38.00%.
In other Matson news, Director Michael J. Chun sold 4,300 shares of the firm’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $34.34, for a total value of $147,662.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.36% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in Matson during the fourth quarter worth about $24,096,000. Thrivent Financial for Lutherans increased its stake in Matson by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 23,220 shares of the company’s stock worth $822,000 after buying an additional 1,310 shares in the last quarter. AQR Capital Management LLC increased its stake in Matson by 12.1% in the fourth quarter. AQR Capital Management LLC now owns 57,551 shares of the company’s stock worth $2,037,000 after buying an additional 6,227 shares in the last quarter. First Republic Investment Management Inc. increased its stake in Matson by 10.6% in the fourth quarter. First Republic Investment Management Inc. now owns 9,743 shares of the company’s stock worth $345,000 after buying an additional 935 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new stake in Matson during the fourth quarter worth about $188,000. 83.14% of the stock is owned by institutional investors.
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Matson, Inc is a transportation company in the Marine industry.
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