Matson (NYSE:MATX) is set to announce its earnings results after the market closes on Thursday, February 21st. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
Shares of NYSE:MATX opened at $34.10 on Thursday. Matson has a twelve month low of $27.73 and a twelve month high of $41.96. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $1.43 billion, a P/E ratio of 19.16 and a beta of 1.45.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Thursday, February 7th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, February 6th. This represents a $0.84 annualized dividend and a yield of 2.46%. Matson’s dividend payout ratio (DPR) is presently 47.19%.
In other news, President Ronald J. Forest sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the president now owns 59,884 shares of the company’s stock, valued at approximately $2,395,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Peter T. Heilmann sold 2,750 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $39.74, for a total transaction of $109,285.00. Following the sale, the senior vice president now directly owns 41,435 shares in the company, valued at approximately $1,646,626.90. The disclosure for this sale can be found here. Insiders have sold a total of 5,750 shares of company stock worth $215,255 in the last ninety days. Corporate insiders own 2.48% of the company’s stock.
Several equities analysts recently weighed in on MATX shares. ValuEngine downgraded shares of Matson from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Zacks Investment Research downgraded shares of Matson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 7th. Finally, Stifel Nicolaus downgraded shares of Matson from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a report on Tuesday, November 20th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $41.60.
Matson Company Profile
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.
Further Reading: Futures Contract
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