Matson (NYSE:MATX) Announces Quarterly Earnings Results

Matson (NYSE:MATX) issued its quarterly earnings data on Tuesday. The shipping company reported $3.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $0.60, Zacks reports. Matson had a net margin of 12.37% and a return on equity of 16.89%.

Matson Price Performance

NYSE:MATX traded down $2.04 during trading hours on Tuesday, reaching $141.27. 512,579 shares of the company were exchanged, compared to its average volume of 274,241. The business has a 50 day moving average of $139.46 and a 200 day moving average of $141.01. Matson has a 1-year low of $100.50 and a 1-year high of $169.12. 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 company has a market capitalization of $4.69 billion, a P/E ratio of 11.75 and a beta of 1.05.

Matson Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, February 6th. Matson’s dividend payout ratio (DPR) is currently 11.31%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Stephens reissued an “overweight” rating and set a $165.00 price target on shares of Matson in a report on Thursday, January 2nd. Wolfe Research downgraded Matson from an “outperform” rating to a “peer perform” rating in a report 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.