Matson (MATX) Receives Media Impact Rating of 0.09
Media headlines about Matson (NYSE:MATX) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Matson earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media coverage about the shipping company an impact score of 46.939528873701 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Matson, Inc. (MATX) Posts Quarterly Earnings Results, Beats Estimates By $0.20 EPS (americanbankingnews.com)
- Matson, Inc. to Host Earnings Call (finance.yahoo.com)
- Matson, Inc. Announces Third Quarter EPS Of $0.79, Raises 2017 Outlook (finance.yahoo.com)
- Matson beats Street 3Q forecasts (finance.yahoo.com)
- Edited Transcript of MATX earnings conference call or presentation 2-Nov-17 8:30pm GMT (finance.yahoo.com)
A number of research firms have commented on MATX. Zacks Investment Research raised shares of Matson from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Thursday, August 3rd. BidaskClub cut shares of Matson from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus raised shares of Matson from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Friday, August 18th. Wells Fargo & Company cut 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 note on Friday, August 18th. Finally, Stephens cut shares of Matson from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $38.00 to $23.00 in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $27.50.
Matson (NYSE:MATX) traded up $1.84 during mid-day trading on Friday, reaching $28.90. 738,389 shares of the company’s stock were exchanged, compared to its average volume of 170,498. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $1.17 billion, a PE ratio of 13.96, a PEG ratio of 3.26 and a beta of 1.23.
Matson (NYSE:MATX) last announced its quarterly earnings data on Thursday, November 2nd. The shipping company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.20. The firm had revenue of $543.90 million during the quarter, compared to analyst estimates of $531.61 million. Matson had a net margin of 4.12% and a return on equity of 17.93%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. analysts anticipate that Matson will post 1.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 9th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.77%. Matson’s payout ratio is 41.24%.
In other Matson news, CFO Joel M. Wine acquired 6,100 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average cost of $24.07 per share, for a total transaction of $146,827.00. Following the acquisition, the chief financial officer now owns 99,411 shares in the company, valued at approximately $2,392,822.77. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas B. Fargo acquired 2,000 shares of the stock in a transaction dated Monday, August 21st. The stock was acquired at an average price of $23.61 per share, with a total value of $47,220.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 12,200 shares of company stock valued at $292,734. Company insiders own 2.60% of the company’s stock.
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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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