Wall Street brokerages expect Matson, Inc. (NYSE:MATX) to post earnings of $0.31 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Matson’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.39. Matson reported earnings of $0.44 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 29.5%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, February 20th.

According to Zacks, analysts expect that Matson will report full year earnings of $1.81 per share for the current year, with EPS estimates ranging from $1.76 to $1.90. For the next financial year, analysts anticipate that the business will report earnings of $2.16 per share, with EPS estimates ranging from $1.84 to $2.40. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Matson.

A number of equities research analysts recently commented on the stock. Wells Fargo & Co raised shares of Matson from an “underperform” rating to a “market perform” rating in a research report on Monday, January 29th. Zacks Investment Research raised shares of 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 shares of Matson from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a report on Monday, January 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $38.00 price target (up previously from $32.00) on shares of Matson in a report on Monday, January 29th. Finally, BidaskClub raised shares of Matson from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $32.60.

Matson (NYSE MATX) traded up $0.19 during trading hours on Wednesday, reaching $34.61. 291,939 shares of the company were exchanged, compared to its average volume of 304,284. Matson has a 12 month low of $21.63 and a 12 month high of $40.32. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $1,460.00, a PE ratio of 17.91, a price-to-earnings-growth ratio of 3.19 and a beta of 1.31.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.31%. Matson’s dividend payout ratio is currently 41.24%.

Several hedge funds and other institutional investors have recently bought and sold shares of MATX. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Matson by 45.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,244,912 shares of the shipping company’s stock worth $63,262,000 after buying an additional 701,610 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Matson in the fourth quarter worth $4,797,000. GSA Capital Partners LLP increased its stake in shares of Matson by 201.1% in the third quarter. GSA Capital Partners LLP now owns 139,479 shares of the shipping company’s stock worth $3,931,000 after acquiring an additional 93,158 shares during the period. Vanguard Group Inc. increased its stake in shares of Matson by 2.1% in the second quarter. Vanguard Group Inc. now owns 3,923,215 shares of the shipping company’s stock worth $117,853,000 after acquiring an additional 79,971 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Matson by 11.2% in the fourth quarter. Bank of New York Mellon Corp now owns 730,348 shares of the shipping company’s stock worth $21,793,000 after acquiring an additional 73,315 shares during the period. 84.68% of the stock is owned by institutional investors and hedge funds.

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About Matson

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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Earnings History and Estimates for Matson (NYSE:MATX)

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