Equities analysts expect that Matson, Inc. (NYSE:MATX) will post earnings per share (EPS) of $0.61 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Matson’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.62. Matson posted earnings per share of $0.58 in the same quarter last year, which suggests a positive year over year growth rate of 5.2%. The company is scheduled to issue its next earnings results on Monday, November 6th.

On average, analysts expect that Matson will report full year earnings of $1.66 per share for the current year, with EPS estimates ranging from $1.60 to $1.73. For the next year, analysts expect that the firm will report earnings of $1.84 per share, with EPS estimates ranging from $1.74 to $1.93. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Matson.

Matson (NYSE:MATX) last issued its quarterly earnings results on Monday, July 31st. The shipping company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.11. The company had revenue of $512.50 million for the quarter, compared to the consensus estimate of $495.19 million. Matson had a return on equity of 16.10% and a net margin of 3.76%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $0.42 earnings per share.

MATX has been the subject of a number of research analyst reports. Zacks Investment Research cut Matson from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Stephens set a $40.00 price target on Matson and gave the stock a “buy” rating in a research report on Saturday, June 10th. BidaskClub lowered Matson from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus upgraded Matson from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, August 18th. Finally, Wells Fargo & Company lowered Matson from a “market perform” rating to an “underperform” rating and set a $22.00 price objective on the stock. in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.50.

In other news, CFO Joel M. Wine bought 6,100 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of $24.07 per share, with a total value of $146,827.00. Following the completion of the transaction, the chief financial officer now owns 99,411 shares of the company’s stock, valued at $2,392,822.77. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas B. Fargo bought 2,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was purchased at an average cost of $23.61 per share, for a total transaction of $47,220.00. The disclosure for this purchase can be found here. Insiders bought 12,200 shares of company stock worth $292,734 over the last three months. Insiders own 2.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Riverhead Capital Management LLC lifted its holdings in Matson by 89.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,595 shares of the shipping company’s stock worth $108,000 after purchasing an additional 1,695 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Matson in the 1st quarter valued at $119,000. UBS Group AG boosted its stake in Matson by 14.0% in the 1st quarter. UBS Group AG now owns 4,019 shares of the shipping company’s stock valued at $127,000 after purchasing an additional 495 shares during the period. Bank of Montreal Can boosted its stake in Matson by 10.9% in the 1st quarter. Bank of Montreal Can now owns 4,419 shares of the shipping company’s stock valued at $140,000 after purchasing an additional 434 shares during the period. Finally, Virtu KCG Holdings LLC acquired a new position in Matson in the 2nd quarter valued at $248,000. Institutional investors own 84.13% of the company’s stock.

Matson (NYSE MATX) traded down 1.90% during trading on Wednesday, hitting $28.35. The stock had a trading volume of 57,215 shares. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 16.28 and a beta of 1.22. Matson has a 12-month low of $21.63 and a 12-month high of $42.00. The stock has a 50 day moving average price of $26.39 and a 200 day moving average price of $29.40.

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Matson Company Profile

Matson, Inc, through its subsidiaries, operates as an ocean cargo carrier. The company operates in two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean transportation services to the domestic economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia and in the South Pacific.

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