Matson, Inc. (NYSE:MATX) – Stock analysts at Oppenheimer issued their Q1 2018 earnings per share estimates for Matson in a research note issued to investors on Tuesday. Oppenheimer analyst I. Zaffino expects that the shipping company will post earnings per share of $0.20 for the quarter. Oppenheimer also issued estimates for Matson’s Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.80 EPS, Q4 2018 earnings at $0.44 EPS and FY2019 earnings at $2.34 EPS.
A number of other brokerages have also recently issued reports on MATX. Wells Fargo & Co raised Matson from an “underperform” rating to a “market perform” rating in a research report on Monday, January 29th. Zacks Investment Research raised Matson from a “hold” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research report on Thursday, February 1st. Seaport Global Securities raised Matson from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Monday, January 29th. Stifel Nicolaus reissued a “buy” rating and issued a $38.00 target price (up from $32.00) on shares of Matson in a research report on Monday, January 29th. Finally, BidaskClub raised Matson from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $32.60.
Matson (NYSE:MATX) last announced its earnings results on Tuesday, February 20th. The shipping company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $516.10 million during the quarter, compared to analyst estimates of $504.61 million. Matson had a net margin of 11.33% and a return on equity of 15.81%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of MATX. Quantbot Technologies LP purchased a new stake in Matson during the 3rd quarter valued at approximately $191,000. UBS Asset Management Americas Inc. purchased a new stake in Matson during the 4th quarter valued at approximately $209,000. Verition Fund Management LLC purchased a new stake in Matson during the 4th quarter valued at approximately $218,000. Crossmark Global Holdings Inc. purchased a new stake in Matson during the 3rd quarter valued at approximately $234,000. Finally, Aperio Group LLC raised its stake in Matson by 37.1% during the 3rd quarter. Aperio Group LLC now owns 11,289 shares of the shipping company’s stock valued at $318,000 after acquiring an additional 3,054 shares during the last quarter. 86.25% of the stock is owned by hedge funds and other institutional investors.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.68%. The ex-dividend date is Wednesday, February 7th. Matson’s dividend payout ratio is presently 14.81%.
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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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