Matson, Inc. Common Stock (NYSE:MATX):
Matson Announces Quarterly Dividend Of $0.19 Per Share.
The company is down by -0.05 percent from yesterday’s close.
Additionally the company recently announced a dividend that was paid on Thursday September 1st, 2016. The dividend was $0.190 per share for the quarter which is $0.76 annualized. This dividend amount represented a yeild of $1.92. The ex-dividend date was set for Tuesday the 2nd of August 2016.
It is trading at $39.35 just a bit lower than the 50 day moving average of $39.79 and which is just a bit higher than the 200 day moving average of $36.41. The 50 day moving average was down by -1.10% and the 200 day average went up by +8.08%.
Matson, Inc. Common Stock currently has a P/E ratio of 16.52 and market capitalization is 1.69B. As of the last earnings report the EPS was $2.38 and is estimated to be $2.05 for the current year with 42,959,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.53 and the next full year EPS is projected to be $2.42.
Several brokerage firms have weighed in on Matson, Inc. Common Stock of late. February 24 investment analysts at Stifel Nicolaus left the company rating at “Buy” and lowered the price target to $45.00 from $51.00. On February 25 Stifel Nicolaus left the stock rating at “Buy” and raised the price expectation from $39.00 to $43.00.
On November 12 Stifel Nicolaus made no change to the stock rating of “Buy” and moved up the price target from $36.00 to $39.00. November 7 investment analysts at Oppenheimer kept the stock rating at “Outperform” but moved up the price target from $31.00 to $33.00.
On November 3 the stock rating was downgraded from “Outperform” to “Market Perform” and a price target of $30.00 was set in a report from FBR Capital. FBR Capital lowered the price target and downgraded the stock on November 3 changing the price target from $32.00 to $30.00 and altering the rating from “Outperform” to “Market Perform”.