Matson (MATX) Expected to Announce Quarterly Earnings on Tuesday

Matson (NYSE:MATX) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $3.20 per share and revenue of $851.78 million for the quarter.

Matson Price Performance

MATX opened at $139.28 on Tuesday. 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 stock has a market capitalization of $4.63 billion, a P/E ratio of 11.59 and a beta of 1.05. The company’s 50 day simple moving average is $140.61 and its 200-day simple moving average is $139.95. Matson has a one year low of $100.50 and a one year high of $169.12.

Matson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th will be given a $0.34 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a yield of 0.98%. Matson’s payout ratio is 11.31%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MATX. Stephens reaffirmed an “overweight” rating and set a $165.00 price target on shares of Matson in a research note on Thursday, January 2nd. Wolfe Research downgraded shares of Matson from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 18th.

Insider Buying and Selling at Matson

In other Matson news, EVP Rusty K. Rolfe sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $165.97, for a total value of $497,910.00. Following the completion of the sale, the executive vice president now owns 21,871 shares of the company’s stock, valued at approximately $3,629,929.87. This represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Warren Sullivan sold 750 shares of Matson stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $165.50, for a total transaction of $124,125.00. Following the transaction, the senior vice president now directly owns 12,745 shares in the company, valued at approximately $2,109,297.50. This represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.32% of the company’s stock.

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.