Analysts forecast that Matson, Inc. (NYSE:MATX) will announce earnings per share (EPS) of $0.29 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Matson’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.25. Matson posted earnings of $0.44 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 34.1%. The business is expected to report its next quarterly earnings results on Tuesday, February 20th.
On average, analysts expect that Matson will report full-year earnings of $1.79 per share for the current year, with EPS estimates ranging from $1.76 to $1.84. For the next financial year, analysts expect that the business will report earnings of $1.86 per share, with EPS estimates ranging from $1.75 to $1.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Matson.
Matson (NYSE:MATX) last released its quarterly earnings results on Thursday, November 2nd. The shipping company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.20. Matson had a net margin of 4.12% and a return on equity of 17.49%. The company had revenue of $543.90 million for the quarter, compared to the consensus estimate of $531.61 million. During the same period in the previous year, the firm earned $0.59 EPS. Matson’s revenue was up 8.7% on a year-over-year basis.
Matson (NYSE MATX) opened at $30.92 on Friday. The stock has a market cap of $1,312.49, a P/E ratio of 15.94, a PEG ratio of 3.32 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.56. Matson has a 52 week low of $21.63 and a 52 week high of $37.32.
In other news, President Ronald J. Forest sold 16,491 shares of Matson stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $29.28, for a total value of $482,856.48. Following the transaction, the president now owns 94,977 shares of the company’s stock, valued at approximately $2,780,926.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its position in shares of Matson by 89.2% in the second quarter. Riverhead Capital Management LLC now owns 3,595 shares of the shipping company’s stock worth $108,000 after acquiring an additional 1,695 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Matson in the third quarter worth approximately $191,000. Virtu KCG Holdings LLC purchased a new position in shares of Matson in the second quarter worth approximately $248,000. Crossmark Global Holdings Inc. purchased a new position in shares of Matson in the third quarter worth approximately $234,000. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Matson in the second quarter worth approximately $280,000. 84.13% of the stock is currently owned by institutional investors and hedge funds.
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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