Press coverage about Matson (NYSE:MATX) has trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Matson earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the shipping company an impact score of 46.6186672794514 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
Get Matson alerts:
Tidewater (TDW) and Matson (MATX) Head to Head Survey (americanbankingnews.com) May Undervalued Transport Stocks To Look Out For (finance.yahoo.com) International Seaways (INSW) and Matson (MATX) Head to Head Contrast (americanbankingnews.com) $520.40 Million in Sales Expected for Matson (MATX) This Quarter (americanbankingnews.com) Matson (MATX) Expected to Announce Earnings of $0.66 Per Share (americanbankingnews.com)
MATX has been the topic of a number of analyst reports. Wells Fargo & Co raised shares of Matson from an “underperform” rating to a “market perform” rating in a report on Monday, January 29th. Oppenheimer reaffirmed a “buy” rating on shares of Matson in a report on Tuesday, May 8th. Zacks Investment Research raised shares of Matson from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a report on Thursday, February 1st. Stephens set a $33.00 price objective on shares of Matson and gave the stock a “hold” rating in a report on Monday, April 9th. Finally, Seaport Global Securities raised shares of Matson from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.50.
MATX stock opened at $34.67 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.98 and a current ratio of 0.98. Matson has a fifty-two week low of $21.63 and a fifty-two week high of $40.32. The stock has a market capitalization of $1.48 billion, a P/E ratio of 19.48, a PEG ratio of 3.17 and a beta of 1.44.
Matson (NYSE:MATX) last released its quarterly earnings data on Tuesday, May 1st. The shipping company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.10. Matson had a net margin of 11.48% and a return on equity of 14.30%. The business had revenue of $511.40 million for the quarter, compared to analysts’ expectations of $463.48 million. During the same quarter last year, the company earned $0.16 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. research analysts forecast that Matson will post 2.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 9th. This represents a $0.80 annualized dividend and a yield of 2.31%. Matson’s payout ratio is 44.94%.
In other Matson news, insider Vic S. Angoco, Jr. sold 3,558 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $33.25, for a total transaction of $118,303.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey N. Watanabe sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $29.37, for a total transaction of $102,795.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,773 shares of company stock worth $1,482,732. 2.48% of the stock is owned by corporate insiders.
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.