Matson (MATX) Scheduled to Post Quarterly Earnings on Monday

Matson (NYSE:MATX) will be announcing its earnings results after the market closes on Monday, February 19th. Analysts expect the company to announce earnings of $0.30 per share for the quarter.

Matson (NYSE MATX) opened at $34.42 on Monday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.07 and a quick ratio of 1.07. Matson has a one year low of $21.63 and a one year high of $40.32. The company has a market cap of $1,461.06, a PE ratio of 17.74, a P/E/G ratio of 3.19 and a beta of 1.31.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.32%. Matson’s dividend payout ratio (DPR) is presently 41.24%.

Several equities analysts recently commented on MATX shares. Zacks Investment Research downgraded shares of Matson from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Stifel Nicolaus restated a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of Matson in a research note on Monday, January 29th. BidaskClub downgraded shares of Matson from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Wells Fargo & Co upgraded shares of Matson from an “underperform” rating to a “market perform” rating in a research note on Monday, January 29th. Finally, Seaport Global Securities upgraded shares of Matson from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $32.60.

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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.

Earnings History for Matson (NYSE:MATX)

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