Matson (NYSE:MATX) Announces Quarterly Earnings Results, Beats Estimates By $0.60 EPS

Matson (NYSE:MATX) announced its quarterly earnings data on Tuesday. The shipping company reported $3.80 EPS 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 business had revenue of $890.30 million during the quarter, compared to the consensus estimate of $851.78 million.

Matson Stock Performance

Shares of Matson stock opened at $143.63 on Thursday. 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 $4.77 billion, a price-to-earnings ratio of 11.95 and a beta of 1.05. Matson has a 12 month low of $100.50 and a 12 month high of $169.12. The firm’s fifty day simple moving average is $139.41 and its 200-day simple moving average is $141.09.

Matson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 6th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, February 6th. Matson’s payout ratio is currently 11.31%.

Analysts Set New Price Targets

Several research firms recently commented on MATX. Wolfe Research lowered Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th. Stephens raised their price objective on shares of Matson from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Stifel Nicolaus increased their target price on shares of Matson from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday.

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.