Brokerages forecast that Matson Inc (NYSE:MATX) will report $564.99 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Matson’s earnings, with the highest sales estimate coming in at $575.80 million and the lowest estimate coming in at $544.30 million. Matson reported sales of $557.10 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.4%. The company is scheduled to report its next earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Matson will report full-year sales of $2.24 billion for the current year, with estimates ranging from $2.19 billion to $2.28 billion. For the next year, analysts expect that the company will post sales of $2.32 billion, with estimates ranging from $2.28 billion to $2.39 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Matson.

Matson (NYSE:MATX) last issued its quarterly earnings data on Wednesday, May 8th. The shipping company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $532.40 million during the quarter, compared to analysts’ expectations of $522.89 million. Matson had a return on equity of 14.49% and a net margin of 4.78%. Matson’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share.

A number of research firms have recently weighed in on MATX. Zacks Investment Research cut Matson from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Stephens raised Matson from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $44.00 in a report on Monday, February 25th. Finally, Stifel Nicolaus set a $37.00 price target on Matson and gave the stock a “hold” rating in a report on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Matson has an average rating of “Hold” and an average price target of $40.25.

NYSE MATX opened at $36.44 on Tuesday. Matson has a fifty-two week low of $30.60 and a fifty-two week high of $41.96. The firm has a market capitalization of $1.68 billion, a PE ratio of 14.40, a P/E/G ratio of 3.33 and a beta of 1.50. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.34.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.31%. Matson’s dividend payout ratio (DPR) is 33.20%.

In related news, Director W Blake Baird sold 2,500 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $37.63, for a total value of $94,075.00. Following the completion of the transaction, the director now directly owns 17,142 shares in the company, valued at $645,053.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Chun sold 4,398 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $34.79, for a total value of $153,006.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,898 shares of company stock valued at $283,471. Insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. NumerixS Investment Technologies Inc bought a new stake in shares of Matson during the 1st quarter worth $30,000. Quantamental Technologies LLC purchased a new stake in shares of Matson in the first quarter valued at $33,000. Investors Research Corp purchased a new stake in shares of Matson in the first quarter valued at $40,000. Macquarie Group Ltd. purchased a new stake in shares of Matson in the first quarter valued at $43,000. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Matson in the fourth quarter valued at $67,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

About Matson

Matson, Inc provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, packaged foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, and other retail merchandise.

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Earnings History and Estimates for Matson (NYSE:MATX)

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