Matson (MATX) Given Daily Coverage Optimism Rating of 0.09
Media headlines about Matson (NYSE:MATX) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Matson earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the shipping company an impact score of 46.5678359723319 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Matson, Inc. – Value Analysis (NYSE:MATX) : November 15, 2017 (finance.yahoo.com)
- Critical Review: Matson (MATX) vs. International Shipholding (ISHCQ) (americanbankingnews.com)
- Matson, Inc. breached its 50 day moving average in a Bearish Manner : MATX-US : November 14, 2017 (finance.yahoo.com)
- Matson, Inc. (MATX) Expected to Announce Quarterly Sales of $499.75 Million (americanbankingnews.com)
- Matson, Inc. : MATX-US: Dividend Analysis : November 09th, 2017 (record date) : By the numbers : November 13, 2017 (finance.yahoo.com)
Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Matson from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Matson from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Stifel Nicolaus raised shares of Matson from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, August 18th. Wells Fargo & Company downgraded shares of Matson from a “market perform” rating to an “underperform” rating and set a $22.00 target price for the company. in a report on Friday, August 18th. Finally, Stephens downgraded shares of Matson from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $38.00 to $23.00 in a report on Friday, August 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Matson currently has a consensus rating of “Hold” and an average price target of $27.25.
Shares of Matson (NYSE:MATX) traded up $0.47 during trading on Friday, reaching $27.77. 404,400 shares of the company traded hands, compared to its average volume of 245,810. The company has a market cap of $1,158.83, a P/E ratio of 14.07, a P/E/G ratio of 3.11 and a beta of 1.23. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.07 and a quick ratio of 1.07. Matson has a one year low of $21.63 and a one year high of $40.26.
Matson (NYSE:MATX) last issued its earnings results on Thursday, November 2nd. The shipping company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.20. The company had revenue of $543.90 million during the quarter, compared to the consensus estimate of $531.61 million. Matson had a net margin of 4.12% and a return on equity of 17.49%. Matson’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. analysts anticipate that Matson will post 1.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 9th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Wednesday, November 8th. Matson’s dividend payout ratio (DPR) is presently 41.24%.
In other Matson news, President Ronald J. Forest sold 16,491 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $29.28, for a total transaction of $482,856.48. Following the completion of the transaction, the president now owns 94,977 shares of the company’s stock, valued at approximately $2,780,926.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas B. Fargo acquired 2,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were bought at an average cost of $23.61 per share, with a total value of $47,220.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 12,200 shares of company stock valued at $292,734 in the last three months. Insiders own 2.60% of the company’s stock.
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Matson, Inc, through its subsidiaries, operates as an ocean cargo carrier. The company operates in two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean transportation services to the domestic economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia and in the South Pacific.
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