Somewhat Positive News Coverage Somewhat Unlikely to Affect Matson (NYSE:MATX) Stock Price
News headlines about Matson (NYSE:MATX) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Matson earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the shipping company an impact score of 46.7368376913913 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
- Dimensional Fund Advisors Lp Sold A Little More Matson, Inc. (MATX) Stock (highlightpress.com)
- Matson, Inc. (NYSE:MATX) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Matson Inc. (finance.yahoo.com)
- Matson Rated Among Top Ocean Carriers for 5th Consecutive Year (finance.yahoo.com)
- Matson extends service to Tahiti (finance.yahoo.com)
Shares of Matson (NYSE:MATX) opened at 29.28 on Friday. The firm’s 50-day moving average price is $29.65 and its 200 day moving average price is $31.55. Matson has a 52-week low of $27.90 and a 52-week high of $43.00. The company has a market capitalization of $1.26 billion, a PE ratio of 16.82 and a beta of 1.13.
Matson (NYSE:MATX) last posted its quarterly earnings data on Monday, July 31st. The shipping company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.11. The company had revenue of $512.50 million for the quarter, compared to analyst estimates of $495.19 million. Matson had a net margin of 3.76% and a return on equity of 16.10%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 EPS. On average, equities analysts forecast that Matson will post $1.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 3rd will be paid a $0.20 dividend. This is an increase from Matson’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, August 1st. Matson’s dividend payout ratio is currently 46.24%.
Several analysts recently issued reports on the company. TheStreet cut Matson from a “b-” rating to a “c+” rating in a research note on Monday, May 22nd. Zacks Investment Research cut Matson from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Stephens set a $40.00 target price on Matson and gave the stock a “buy” rating in a research note on Saturday, June 10th. Finally, BidaskClub cut Matson from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $37.00.
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In other Matson news, Director W Blake Baird sold 2,578 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $29.98, for a total value of $77,288.44. Following the transaction, the director now directly owns 15,583 shares in the company, valued at approximately $467,178.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stanley M. Kuriyama bought 3,300 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average price of $29.75 per share, for a total transaction of $98,175.00. Following the completion of the purchase, the director now directly owns 32,932 shares in the company, valued at $979,727. The disclosure for this purchase can be found here. 2.60% of the stock is owned by corporate insiders.
Matson, Inc is a transportation company in the Marine industry.
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