Wall Street analysts expect Matson Inc (NYSE:MATX) to announce $0.38 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Matson’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.38. Matson reported earnings per share of $0.48 during the same quarter last year, which indicates a negative year-over-year growth rate of 20.8%. The company is scheduled to report its next earnings report on Thursday, February 20th.
According to Zacks, analysts expect that Matson will report full year earnings of $1.94 per share for the current year, with EPS estimates ranging from $1.93 to $1.95. For the next financial year, analysts expect that the firm will report earnings of $2.13 per share, with EPS estimates ranging from $2.10 to $2.20. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Matson.
Matson (NYSE:MATX) last posted its quarterly earnings results on Thursday, November 7th. The shipping company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.01. The company had revenue of $572.10 million for the quarter, compared to the consensus estimate of $574.44 million. Matson had a return on equity of 11.39% and a net margin of 3.94%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 EPS.
Shares of Matson stock traded down $0.30 during midday trading on Tuesday, hitting $37.04. The company had a trading volume of 110,098 shares, compared to its average volume of 152,625. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $1.61 billion, a P/E ratio of 14.64, a P/E/G ratio of 3.87 and a beta of 1.52. The company has a 50 day moving average of $38.06 and a 200 day moving average of $37.56. Matson has a 52-week low of $30.60 and a 52-week high of $42.15.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 7th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.88 annualized dividend and a yield of 2.38%. Matson’s dividend payout ratio is 34.78%.
In other Matson news, President Ronald J. Forest sold 6,272 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $38.00, for a total transaction of $238,336.00. Following the sale, the president now directly owns 68,361 shares in the company, valued at approximately $2,597,718. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Rusty K. Rolfe sold 3,047 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $40.67, for a total value of $123,921.49. Following the sale, the senior vice president now owns 56,304 shares in the company, valued at $2,289,883.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,779 shares of company stock worth $654,669. Company insiders own 2.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE boosted its stake in Matson by 38.3% during the 2nd quarter. US Bancorp DE now owns 1,051 shares of the shipping company’s stock valued at $41,000 after purchasing an additional 291 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Matson during the 2nd quarter valued at $53,000. Tower Research Capital LLC TRC purchased a new stake in Matson during the 2nd quarter valued at $78,000. River & Mercantile Asset Management LLP purchased a new stake in Matson during the 2nd quarter valued at $82,000. Finally, Magnus Financial Group LLC purchased a new stake in Matson during the 2nd quarter valued at $206,000. Institutional investors and hedge funds own 86.96% of the company’s stock.
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.
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