Matson (NYSE:MATX) Issues Quarterly Earnings Results

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

Matson Stock Performance

Shares of Matson stock opened at $141.27 on Wednesday. The firm has a fifty day moving average of $139.46 and a two-hundred day moving average of $141.01. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 11.75 and a beta of 1.05. Matson has a 52 week low of $100.50 and a 52 week high of $169.12.

Matson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, February 6th. Matson’s dividend payout ratio is presently 11.31%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MATX. Stephens reissued an “overweight” rating and issued a $165.00 target price on shares of Matson in a research note on Thursday, January 2nd. Wolfe Research lowered Matson from an “outperform” rating to a “peer perform” rating in a research 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.