Matson (MATX) to Release Quarterly Earnings on Tuesday

Matson (NYSE:MATX) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $3.20 per share and revenue of $851.78 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Matson Stock Performance

Shares of Matson stock opened at $146.58 on Friday. The business has a 50-day simple moving average of $139.55 and a 200 day simple moving average of $140.30. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 12.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13. Matson has a one year low of $100.50 and a one year high of $169.12.

Matson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.36 annualized dividend and a dividend yield of 0.93%. Matson’s dividend payout ratio is 11.31%.

Wall Street Analysts Forecast Growth

MATX has been the subject of several research reports. Wolfe Research downgraded shares of Matson from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 18th. Stephens reiterated an “overweight” rating and set a $165.00 price objective on shares of Matson in a report on Thursday, January 2nd.

About Matson

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.