Matson (MATX) Scheduled to Post Earnings on Wednesday

Matson (NYSE:MATX - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $4.98 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Matson (NYSE:MATX - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The shipping company reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.26. Matson had a return on equity of 13.87% and a net margin of 10.41%. The company had revenue of $847.40 million for the quarter, compared to analyst estimates of $861.68 million. On average, analysts expect Matson to post $11 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Matson Price Performance

Shares of MATX stock traded down $1.88 on Wednesday, hitting $131.18. 146,045 shares of the company's stock were exchanged, compared to its average volume of 273,706. The company has a 50 day moving average of $134.95 and a 200 day moving average of $125.97. The stock has a market cap of $4.58 billion, a P/E ratio of 15.47 and a beta of 1.07. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. Matson has a 12 month low of $82.68 and a 12 month high of $144.93.

Insider Activity

In other Matson news, SVP Laura L. Rascon sold 744 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $129.13, for a total value of $96,072.72. Following the completion of the transaction, the senior vice president now directly owns 12,369 shares in the company, valued at approximately $1,597,208.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Matson news, SVP Laura L. Rascon sold 744 shares of the company's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $129.13, for a total value of $96,072.72. Following the sale, the senior vice president now owns 12,369 shares in the company, valued at approximately $1,597,208.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jason Lee Taylor sold 1,000 shares of the firm's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $135.73, for a total value of $135,730.00. Following the transaction, the senior vice president now owns 9,392 shares of the company's stock, valued at $1,274,776.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,736 shares of company stock valued at $7,703,614 over the last quarter. 2.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MATX. Stephens raised their price target on shares of Matson from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. StockNews.com cut shares of Matson from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 6th.

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.