Matson, Inc. (NYSE:MATX):
Matson To Announce Second Quarter 2017 Results On July 31, 2017.
The company is up by 0.97 percent from yesterday’s close.
Additionally the company declared a dividend for shareholders to be paid on Thursday the 7th of September 2017. The dividend will be $0.200 per share for the quarter or $0.80 annualized. The dividend yield will be $2.64. The ex-dividend date will be on Tuesday the 9th of May 2017.
Matson, Inc. (Matson), launched on January 25, 2012, is a holding company. The Company provides ocean transportation and logistics services. The Company operates through two segments: Ocean Transportation and Logistics. Its Ocean Transportation business is conducted through its subsidiary, Matson Navigation Company, Inc. (MatNav). MatNav is an asset-based business that provides ocean freight transportation services to the domestic economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia and in the South Pacific. Matson’s fleet consists of approximately 20 owned and over three chartered vessels, including containerships, combination container/roll-on/roll-off ships, roll-on/roll-off barge and barges equipped with cranes. Matson’s Logistics business is conducted through Matson Logistics, Inc. (Matson Logistics or Logistics), a subsidiary of MatNav. Matson Logistics is an asset-light business that provides multimodal transportation services, including domestic and international rail intermodal service (Intermodal); long-haul and regional highway brokerage, specialized hauling, flat-bed and project services, less-than-truckload services, expedited freight services (collectively Highway); supply chain management, and warehousing and distribution services..
Company shares last traded at $30.19 barely above $29.81, the stock’s 50 day moving average and slightly below the 200 day moving average of $32.91. The 50 day moving average went up $0.38 or +1.27% and the 200 day average went down $-2.72 or -8.27%.
The most current P/E ratio is 18.87 and the market cap is 1.30B. As of the last earnings report the EPS was $1.60 and is estimated to be $1.62 for the current year with 43,116,000 shares outstanding. Next quarter’s EPS is expected be $0.57 and the next full year EPS is projected to be $1.87.
Wall Street analysts have released opinions on the company of late. On November 8, 2016 the stock rating was set at “Hold” in a report from Stifel Nicolaus which is down from the previous “Buy” rating. On February 24 Stifel Nicolaus made no change to the company rating of “Buy” and lowered the price expectation to $45.00 from $51.00.
February 25 investment analysts at Stifel Nicolaus kept the stock rating at “Buy” but raised the price target from $39.00 to $43.00. November 12 investment analysts at Stifel Nicolaus maintained a company rating of “Buy” but moved up the price target from $36.00 to $39.00.
November 7 investment analysts at Oppenheimer left the company rating at “Outperform” but raised the price expectation to $33.00 from $31.00. On November 3 the stock rating was downgraded to “Market Perform” from “Outperform” and a price target of $30.00 was set in an announcement from FBR Capital.