Wall Street analysts forecast that Matson Inc (NYSE:MATX) will post sales of $567.51 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Matson’s earnings, with the lowest sales estimate coming in at $566.10 million and the highest estimate coming in at $568.91 million. Matson posted sales of $589.40 million during the same quarter last year, which suggests a negative year over year growth rate of 3.7%. The firm is scheduled to report its next earnings report on Monday, November 4th.

On average, analysts expect that Matson will report full-year sales of $2.19 billion for the current year, with estimates ranging from $2.19 billion to $2.20 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.27 billion, with estimates ranging from $2.24 billion to $2.29 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Matson.

Matson (NYSE:MATX) last released its quarterly earnings data on Wednesday, August 7th. The shipping company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.20). Matson had a net margin of 4.15% and a return on equity of 12.30%. The company had revenue of $557.90 million for the quarter, compared to analysts’ expectations of $577.55 million. During the same period in the previous year, the firm earned $0.76 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis.

MATX has been the subject of a number of research reports. ValuEngine raised shares of Matson from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Zacks Investment Research cut shares of Matson from a “hold” rating to a “sell” rating in a report on Saturday, August 10th.

Shares of MATX traded up $0.29 during mid-day trading on Friday, hitting $36.26. 1,394 shares of the company traded hands, compared to its average volume of 179,360. Matson has a 1 year low of $30.60 and a 1 year high of $42.15. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 3.64 and a beta of 1.61. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a 50-day moving average price of $37.17 and a two-hundred day moving average price of $37.67.

In other Matson news, insider Vic S. Angoco, Jr. sold 16,100 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $35.14, for a total transaction of $565,754.00. Following the completion of the sale, the insider now directly owns 43,926 shares of the company’s stock, valued at $1,543,559.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Rusty K. Rolfe sold 3,047 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $40.67, for a total transaction of $123,921.49. Following the sale, the senior vice president now directly owns 56,304 shares of the company’s stock, valued at $2,289,883.68. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. US Bancorp DE increased its stake in shares of Matson by 38.3% in the second quarter. US Bancorp DE now owns 1,051 shares of the shipping company’s stock worth $41,000 after purchasing an additional 291 shares in the last quarter. RK Capital Management LLC increased its stake in shares of Matson by 9.0% in the first quarter. RK Capital Management LLC now owns 151,600 shares of the shipping company’s stock worth $5,471,000 after purchasing an additional 12,500 shares in the last quarter. Denali Advisors LLC increased its stake in shares of Matson by 229.1% in the second quarter. Denali Advisors LLC now owns 24,100 shares of the shipping company’s stock worth $936,000 after purchasing an additional 16,776 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Matson by 1.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 16,839 shares of the shipping company’s stock worth $654,000 after purchasing an additional 300 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Matson by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 702,517 shares of the shipping company’s stock worth $27,293,000 after purchasing an additional 23,581 shares in the last quarter. 87.39% of the stock is owned by institutional investors and hedge funds.

Matson Company Profile

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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