Brokerages expect that Matson Inc (NYSE:MATX) will report earnings per share (EPS) of $0.82 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Matson’s earnings, with estimates ranging from $0.81 to $0.83. Matson posted earnings per share of $0.97 during the same quarter last year, which would indicate a negative year over year growth rate of 15.5%. The company is expected to report its next quarterly earnings results on Monday, November 4th.

On average, analysts expect that Matson will report full year earnings of $2.17 per share for the current fiscal year, with EPS estimates ranging from $1.96 to $2.39. For the next fiscal year, analysts forecast that the firm will report earnings of $2.55 per share, with EPS estimates ranging from $2.27 to $2.75. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Matson.

Matson (NYSE:MATX) last announced its quarterly earnings data on Wednesday, August 7th. The shipping company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.20). The firm had revenue of $557.90 million for the quarter, compared to analysts’ expectations of $577.55 million. Matson had a return on equity of 12.30% and a net margin of 4.15%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

A number of equities analysts have commented on MATX shares. ValuEngine upgraded shares of Matson from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Zacks Investment Research cut shares of Matson from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.25.

Matson stock traded up $0.73 during trading hours on Friday, reaching $35.98. 126,200 shares of the stock were exchanged, compared to its average volume of 157,109. The stock has a market cap of $1.51 billion, a P/E ratio of 14.22, a P/E/G ratio of 3.25 and a beta of 1.56. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.75 and a current ratio of 0.68. Matson has a 52-week low of $30.60 and a 52-week high of $42.15. The firm’s 50 day moving average is $38.44 and its 200 day moving average is $37.14.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This is a boost from Matson’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.45%. Matson’s dividend payout ratio is 34.78%.

In other Matson news, CEO Matthew J. Cox sold 23,500 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $37.54, for a total transaction of $882,190.00. Following the sale, the chief executive officer now directly owns 244,742 shares of the company’s stock, valued at approximately $9,187,614.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew J. Cox sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $37.94, for a total transaction of $1,138,200.00. Following the sale, the chief executive officer now directly owns 274,742 shares in the company, valued at $10,423,711.48. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC acquired a new stake in shares of Matson during the 1st quarter worth about $33,000. US Bancorp DE lifted its holdings in shares of Matson by 38.3% during the 2nd quarter. US Bancorp DE now owns 1,051 shares of the shipping company’s stock worth $41,000 after acquiring an additional 291 shares during the period. Investors Research Corp purchased a new position in shares of Matson during the 1st quarter worth about $40,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Matson during the 2nd quarter worth about $53,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Matson during the 2nd quarter worth about $78,000. 86.81% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Matson (NYSE:MATX)

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