Matson (MATX) Earns Daily Media Sentiment Rating of 0.19

Media stories about Matson (NYSE:MATX) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Matson earned a news impact score of 0.19 on Accern’s scale. Accern also gave news articles about the shipping company an impact score of 46.176802756628 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Shares of Matson (MATX) traded down 22.35% during mid-day trading on Friday, reaching $22.79. 2,296,567 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $29.58 and a 200-day moving average price of $31.27. Matson has a 12 month low of $21.63 and a 12 month high of $43.00. The stock has a market cap of $982.82 million, a PE ratio of 13.09 and a beta of 1.13.

Matson (NYSE:MATX) last issued its earnings results on Monday, July 31st. The shipping company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.44 by $0.11. The company had revenue of $512.50 million during the quarter, compared to analysts’ expectations of $495.19 million. Matson had a net margin of 3.76% and a return on equity of 16.10%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 EPS. On average, analysts predict that Matson will post $1.67 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 3rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, August 1st. This is a positive change from Matson’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 3.51%. Matson’s payout ratio is 46.24%.

Several research analysts recently issued reports on the stock. Wells Fargo & Company lowered shares of Matson from a “market perform” rating to an “underperform” rating and set a $22.00 price target for the company. in a research report on Friday. TheStreet lowered shares of Matson from a “b-” rating to a “c+” rating in a research report on Monday, May 22nd. Zacks Investment Research lowered shares of Matson from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Stephens lowered shares of Matson from an “overweight” rating to an “equal weight” rating and set a $23.00 price target for the company. in a research report on Friday. Finally, BidaskClub lowered shares of Matson from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Matson currently has a consensus rating of “Hold” and a consensus price target of $27.00.

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In related news, Director W Blake Baird sold 2,578 shares of Matson stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $29.98, for a total transaction of $77,288.44. Following the sale, the director now directly owns 15,583 shares of the company’s stock, valued at approximately $467,178.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.

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