Matson (MATX) Expected to Announce Quarterly Earnings on Tuesday

Matson (NYSE:MATX - Get Free Report) will likely be releasing its earnings data after the market closes on Tuesday, February 18th. Analysts expect Matson to post earnings of $3.20 per share and revenue of $851.78 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Matson Trading Up 3.3 %

MATX traded up $4.74 during mid-day trading on Friday, hitting $146.58. The stock had a trading volume of 331,941 shares, compared to its average volume of 244,151. The stock's fifty day simple moving average is $139.64 and its 200-day simple moving average is $140.14. 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 firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 12.19 and a beta of 1.05. Matson has a 1-year low of $100.50 and a 1-year high of $169.12.

Matson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 6th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.93%. Matson's payout ratio is 11.31%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MATX. Stephens reaffirmed an "overweight" rating and issued a $165.00 target price on shares of Matson in a research report on Thursday, January 2nd. Wolfe Research cut shares of Matson from an "outperform" rating to a "peer perform" rating in a research note on Monday, November 18th.

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.