Matson, Inc. (MATX) Posts Quarterly Earnings Results, Beats Estimates By $0.20 EPS
Matson, Inc. (NYSE:MATX) posted its quarterly earnings data on Thursday. The shipping company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.59 by $0.20, Briefing.com reports. Matson had a return on equity of 17.93% and a net margin of 4.12%. The firm had revenue of $543.90 million for the quarter, compared to the consensus estimate of $531.61 million. During the same quarter last year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year.
Matson (NYSE MATX) traded up $1.84 during midday trading on Friday, reaching $28.90. The company’s stock had a trading volume of 738,389 shares, compared to its average volume of 170,498. The firm has a market cap of $1.17 billion, a PE ratio of 13.96, a PEG ratio of 3.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.02 and a current ratio of 1.02.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 9th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.77%. The ex-dividend date is Wednesday, November 8th. Matson’s dividend payout ratio (DPR) is presently 41.24%.
COPYRIGHT VIOLATION WARNING: “Matson, Inc. (MATX) Posts Quarterly Earnings Results, Beats Estimates By $0.20 EPS” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/04/matson-inc-matx-posts-quarterly-earnings-results-beats-estimates-by-0-20-eps.html.
In other Matson news, Director Jeffrey N. Watanabe bought 4,100 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average cost of $24.07 per share, for a total transaction of $98,687.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Joel M. Wine bought 6,100 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average price of $24.07 per share, for a total transaction of $146,827.00. Following the completion of the purchase, the chief financial officer now directly owns 99,411 shares in the company, valued at $2,392,822.77. The disclosure for this purchase can be found here. Insiders have bought a total of 12,200 shares of company stock worth $292,734 over the last quarter. Company insiders own 2.60% of the company’s stock.
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.
Receive News & Ratings for Matson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matson Inc. and related companies with MarketBeat.com's FREE daily email newsletter.