Matson (NYSE:MATX) Issues Quarterly Earnings Results

Matson (NYSE:MATX - Get Free Report) posted its quarterly earnings results on Tuesday. The shipping company reported $3.80 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $890.30 million during the quarter, compared to the consensus estimate of $851.78 million.

Matson Stock Performance

Shares of MATX stock traded up $3.28 during trading on Friday, reaching $144.07. The company had a trading volume of 291,115 shares, compared to its average volume of 283,690. The firm's 50 day simple moving average is $139.74 and its two-hundred day simple moving average is $141.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13. Matson has a one year low of $100.50 and a one year high of $169.12. The company has a market capitalization of $4.78 billion, a PE ratio of 11.99 and a beta of 1.05.

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 paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, February 6th. Matson's payout ratio is 9.69%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MATX shares. Wolfe Research downgraded Matson from an "outperform" rating to a "peer perform" rating in a research note on Monday, November 18th. Stephens raised their price target on Matson from $165.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Stifel Nicolaus raised their price target on Matson from $150.00 to $160.00 and gave the stock a "hold" rating in a research note on Wednesday.

Remove Ads

About Matson

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.