Matson (MATX) to Release Earnings on Tuesday

Matson (NYSE:MATX) is projected to post its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect Matson to post earnings of $3.20 per share and revenue of $851.78 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Matson Trading Up 3.3 %

NYSE:MATX opened at $146.58 on Monday. The firm’s fifty day moving average is $139.55 and its 200-day moving average is $140.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13. Matson has a 52 week low of $100.50 and a 52 week high of $169.12. The firm has a market cap of $4.87 billion, a P/E ratio of 12.19 and a beta of 1.05.

Matson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 6th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, February 6th. Matson’s dividend payout ratio is currently 11.31%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Stephens reaffirmed an “overweight” rating and issued a $165.00 price objective on shares of Matson in a research note on Thursday, January 2nd. Wolfe Research lowered shares of Matson from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 18th.

About Matson

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.