Matson, Inc. Common Stock (NYSE:MATX):
Matson Announces Quarterly Dividend Of $0.19 Per Share.
The company is so far trading down by -0.05% since yesterday’s close of $39.37.
Additionally the company recently declared a dividend for shareholders paid on Thursday September 1st, 2016. The dividend was $0.190 per share for the quarter or $0.76 on an annualized basis. The dividend yield was $1.92. The ex-dividend date was Tuesday the 2nd of August 2016.
The stock is trading at $39.35 which is just under $39.79, the 50 day moving average and barely above the 200 day moving average of $36.41. The 50 day moving average moved down $-0.44 and the 200 day average moved up $2.94.
The P/E ratio is 16.52 and the market cap is 1.69B. In the latest earnings report the EPS was $2.38 and is expected 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 anticipated to be $2.42.
Investment analysts have released ratings on Matson, Inc. Common Stock of late. On February 24 Stifel Nicolaus maintained a company rating of “Buy” and lowered the price expectation from $51.00 to $45.00. February 25 investment analysts at Stifel Nicolaus left the company rating at “Buy” and raised the price target to $43.00 from $39.00.
November 12 investment analysts at Stifel Nicolaus made no change to the company rating of “Buy” but moved up the price target from $36.00 to $39.00. November 7 investment analysts at Oppenheimer maintained a stock rating of “Outperform” and moved up the price target from $31.00 to $33.00.
FBR Capital both downgraded the stock and lowered the price target on November 3 cutting the price target from $32.00 to $30.00 and altering the rating from “Outperform” to “Market Perform”. On November 3 the company was downgraded to “Market Perform” from “Outperform” with a current price target of $30.00 in a statement from FBR Capital.