News headlines about Matson (NYSE:MATX) have trended somewhat positive on Sunday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Matson earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news stories about the shipping company an impact score of 47.5869245368964 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

NYSE:MATX traded up $0.24 during mid-day trading on Friday, hitting $36.20. 121,224 shares of the stock traded hands, compared to its average volume of 233,369. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 3.07 and a beta of 1.34. Matson has a 52 week low of $21.63 and a 52 week high of $40.32. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.28.

Matson (NYSE:MATX) last issued its quarterly earnings results on Tuesday, July 31st. The shipping company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.66 by $0.10. The company had revenue of $557.10 million for the quarter, compared to the consensus estimate of $526.28 million. Matson had a net margin of 11.64% and a return on equity of 14.40%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. equities analysts forecast that Matson will post 2.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Thursday, August 2nd will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.32%. This is an increase from Matson’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, August 1st. Matson’s dividend payout ratio is presently 47.19%.

A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Matson from a “hold” rating to a “buy” rating in a report on Saturday, June 16th. Oppenheimer restated a “buy” rating on shares of Matson in a report on Tuesday, May 8th. Zacks Investment Research upgraded shares of Matson from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Stifel Nicolaus upped their price target on shares of Matson from $38.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Finally, TheStreet upgraded shares of Matson from a “c+” rating to a “b-” rating in a report on Thursday, May 24th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $39.00.

In other news, Director Mark H. Fukunaga purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 5th. The shares were bought at an average cost of $35.20 per share, for a total transaction of $105,600.00. Following the acquisition, the director now owns 55,675 shares of the company’s stock, valued at approximately $1,959,760. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Ronald J. Forest sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $36.00, for a total transaction of $36,000.00. Following the transaction, the president now owns 63,884 shares in the company, valued at $2,299,824. The disclosure for this sale can be found here. Corporate insiders own 2.48% of the company’s stock.

Matson Company Profile

Matson, Inc provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, packaged foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, and other retail merchandise.

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Insider Buying and Selling by Quarter for Matson (NYSE:MATX)

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