Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Matson (NYSE:MATX) Stock Price
News headlines about Matson (NYSE:MATX) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Matson earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the shipping company an impact score of 46.1418797799837 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
MATX has been the topic of a number of research reports. Zacks Investment Research raised shares of Matson from a “sell” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, April 26th. BidaskClub lowered shares of Matson from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. TheStreet lowered shares of Matson from a “b-” rating to a “c+” rating in a research note on Monday, May 22nd. Finally, Stephens set a $40.00 price target on shares of Matson and gave the company a “buy” rating in a research note on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $38.00.
Shares of Matson (NYSE MATX) traded down 2.08% on Wednesday, reaching $29.61. 216,453 shares of the company were exchanged. Matson has a 52-week low of $28.07 and a 52-week high of $43.00. The company has a market capitalization of $1.28 billion, a P/E ratio of 18.51 and a beta of 1.14. The stock has a 50 day moving average of $29.81 and a 200-day moving average of $32.05.
Matson (NYSE:MATX) last issued its earnings results on Wednesday, May 3rd. The shipping company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01. Matson had a net margin of 3.54% and a return on equity of 15.16%. The business had revenue of $474.40 million for the quarter, compared to the consensus estimate of $417.03 million. During the same quarter last year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts predict that Matson will post $1.62 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 3rd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, August 1st. This is an increase from Matson’s previous quarterly dividend of $0.19. Matson’s dividend payout ratio (DPR) is currently 47.80%.
In other news, Director W Blake Baird sold 2,668 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $32.63, for a total value of $87,056.84. Following the transaction, the director now owns 18,161 shares of the company’s stock, valued at approximately $592,593.43. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stanley M. Kuriyama bought 3,300 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average cost of $29.75 per share, for a total transaction of $98,175.00. Following the purchase, the director now owns 32,932 shares in the company, valued at approximately $979,727. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.
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Matson, Inc is a transportation company in the Marine industry.
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