Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Matson (MATX) Share Price
Media coverage about Matson (NYSE:MATX) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Matson earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the shipping company an impact score of 45.679987498841 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Matson (MATX) opened at $30.80 on Thursday. The stock has a market cap of $1,310.00, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 3.17 and a beta of 1.27. Matson has a fifty-two week low of $21.63 and a fifty-two week high of $37.32. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.56.
Matson (NYSE:MATX) last posted its quarterly earnings results on Thursday, November 2nd. The shipping company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.20. The business had revenue of $543.90 million during the quarter, compared to analysts’ expectations of $531.61 million. Matson had a net margin of 4.12% and a return on equity of 17.49%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. sell-side analysts expect that Matson will post 1.79 EPS for the current year.
A number of equities research analysts recently commented on MATX shares. Stifel Nicolaus reissued a “buy” rating and set a $32.00 target price (up previously from $30.00) on shares of Matson in a research report on Thursday, September 21st. BidaskClub raised shares of Matson from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Wells Fargo & Co reissued an “underperform” rating and set a $22.00 target price on shares of Matson in a research report on Monday, September 25th. Finally, Zacks Investment Research cut shares of Matson from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Matson presently has an average rating of “Hold” and an average price target of $28.00.
In other Matson news, President Ronald J. Forest sold 16,491 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $29.28, for a total value of $482,856.48. Following the completion of the transaction, the president now owns 94,977 shares of the company’s stock, valued at $2,780,926.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.60% of the company’s stock.
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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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