Matson, Inc. (MATX)
| Market Cap | 3.76B |
| Revenue (ttm) | 3.09B |
| Net Income (ttm) | 297.10M |
| Shares Out | 34.49M |
| EPS (ttm) | 8.32 |
| PE Ratio | 13.09 |
| Forward PE | 12.64 |
| Dividend | $1.28 (1.18%) |
| Ex-Dividend Date | Feb 7, 2024 |
| Volume | 163,552 |
| Open | 109.11 |
| Previous Close | 109.72 |
| Day's Range | 108.14 - 110.79 |
| 52-Week Range | 62.71 - 122.99 |
| Beta | 1.12 |
| Analysts | Hold |
| Price Target | 111.67 (+2.51%) |
| Earnings Date | Apr 30, 2024 |
About MATX
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. It primarily transports dry containers of mixed commodities, refrigerated commodities, food products, beverages, building materials, automobiles, and hous... [Read more]
Financial Performance
In 2023, Matson's revenue was $3.09 billion, a decrease of -28.75% compared to the previous year's $4.34 billion. Earnings were $297.10 million, a decrease of -72.07%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for MATX stock is "Hold." The 12-month stock price forecast is $111.67, which is an increase of 2.51% from the latest price.
News
MATSON ANNOUNCES QUARTERLY DIVIDEND OF $0.32 PER SHARE
HONOLULU , April 25, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a second quarter dividend of $0.32 per common share...
MATSON TO ANNOUNCE FIRST QUARTER 2024 RESULTS ON APRIL 30, 2024
HONOLULU, April 16, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today announced that it will release its financial results for th...
MATSON, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS; PROVIDES 2024 OUTLOOK
4Q23 EPS of $1.78 Full Year 2023 EPS of $8.32 Full Year 2023 Net Income and EBITDA of $297.1 million and $516.7 million, respectively 2024 Consolidated Operating Income expected to approximate 2023 le...
MATSON TO PARTICIPATE AT STIFEL 2024 TRANSPORTATION & LOGISTICS CONFERENCE
HONOLULU, Hawaii , Feb. 7, 2024 /PRNewswire/ -- Matson, Inc. (NYSE: MATX) announced today that Matt Cox, Chairman and Chief Executive Officer, and Joel Wine, Executive Vice President and Chief Financi...
MATSON ANNOUNCES PRELIMINARY 4Q23 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 4Q23 EARNINGS CALL DATE
Expects 4Q23 operating income for Ocean Transportation to be $61.0 to $66.0 million Expects 4Q23 operating income for Logistics to be $8.0 to $9.0 million Expects 4Q23 net income and diluted EPS to be...
Augment Risk Continues Drive to Revolutionize Reinsurance, Announcing Andrew Matson as CEO
LONDON & MIAMI--(BUSINESS WIRE)--Augment Risk, the pioneering new reinsurance brokerage firm, today announced the arrival of Andrew Matson as Chief Executive Officer. Matson will build on Augment Risk...
MATSON TO PARTICIPATE AT STEPHENS 2023 ANNUAL INVESTMENT CONFERENCE
HONOLULU , Nov. 7, 2023 /PRNewswire/ -- Matson, Inc. (NYSE: MATX) announced today that Joel Wine, Executive Vice President and Chief Financial Officer, will present an overview of the Company and resp...
MATSON, INC. ANNOUNCES THIRD QUARTER 2023 RESULTS
3Q23 EPS of $3.40 3Q23 Net Income and EBITDA of $119.9 million and $175.1 million, respectively Year-over-year decrease in 3Q23 consolidated operating income driven primarily by lower contribution fro...
MATSON ANNOUNCES QUARTERLY DIVIDEND of $0.32 PER SHARE
HONOLULU, Hawaii, Oct. 26, 2023 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a fourth quarter dividend of $0.32 per common...
MATSON ANNOUNCES PRELIMINARY 3Q23 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 3Q23 EARNINGS CALL DATE
Expects 3Q23 operating income for Ocean Transportation to be $113.0 to $118.0 million Expects 3Q23 operating income for Logistics to be $13.0 to $14.0 million Expects 3Q23 net income and diluted EPS t...
MATSON, INC. ANNOUNCES SECOND QUARTER 2023 RESULTS
2Q23 EPS of $2.26 2Q23 Net Income and EBITDA of $80.8 million and $140.5 million, respectively Year-over-year decrease in 2Q23 consolidated operating income driven primarily by lower contribution from...
MATSON PUBLISHES 2022 SUSTAINABILITY REPORT
HONOLULU , July 24, 2023 /PRNewswire/ -- Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has published its 2022 Sustainability Report, which describes the company's progress toward a...
MATSON ANNOUNCES PRELIMINARY 2Q23 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 2Q23 EARNINGS CALL DATE
Expects 2Q23 operating income for Ocean Transportation to be $78.0 to $83.0 million Expects 2Q23 operating income for Logistics to be $13.5 to $14.5 million Expects 2Q23 net income and diluted EPS to ...
MATSON INCREASES QUARTERLY DIVIDEND TO $0.32 PER SHARE
HONOLULU , June 22, 2023 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a third quarter dividend of $0.32 per common share. ...
Analyzing Matson's Dividend Growth Potential
Matson (MATX) is the featured stock from this month's Dividend Growth Stocks Model Portfolio.
MATSON, INC. ANNOUNCES FIRST QUARTER 2023 RESULTS
1Q23 EPS of $0.94 1Q23 Net Income and EBITDA of $34.0 million and $81.7 million, respectively Year-over-year decrease in 1Q23 consolidated operating income driven primarily by lower contribution from ...
MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM AND QUARTERLY DIVIDEND OF $0.31 PER SHARE
HONOLULU , April 27, 2023 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, approved adding three million shares to the existing nine million ...
MATSON ANNOUNCES PRELIMINARY 1Q23 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 1Q23 EARNINGS CALL DATE
Expects 1Q23 operating income for Ocean Transportation to be $23.0 to $28.0 million Expects 1Q23 operating income for Logistics to be $10.0 to $11.0 million Expects 1Q23 net income and diluted EPS to ...
MATSON, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 RESULTS
4Q22 EPS of $2.10 Full Year 2022 EPS of $27.07 Full Year 2022 Net Income and EBITDA of $1,063.9 million and $1,526.2 million, respectively Year-over-year decrease in 4Q22 consolidated operating income...
MATSON TO PARTICIPATE AT STIFEL 2023 TRANSPORTATION & LOGISTICS CONFERENCE
HONOLULU , Jan. 31, 2023 /PRNewswire/ -- Matson, Inc. (NYSE: MATX) announced today that Joel Wine, Executive Vice President and Chief Financial Officer, will be attending the Stifel 2023 Transportatio...
MATSON ANNOUNCES QUARTERLY DIVIDEND OF $0.31 PER SHARE
HONOLULU , Jan. 26, 2023 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a first quarter dividend of $0.31 per common share. ...
Weaker shipping demand hits ocean-freight shipper Matson's fourth-quarter profit expectations
Ocean-freight shipping company Matson Inc. MATX, +0.13% on Wednesday reported a preliminary fourth-quarter profit that was below expectations, as a drop-off in demand for goods leads to a drop-off in ...
MATSON ANNOUNCES PRELIMINARY 4Q22 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 4Q22 EARNINGS CALL DATE
Expects 4Q22 operating income for Ocean Transportation to be $70.0 to $80.0 million Expects 4Q22 operating income for Logistics to be $12.0 to $13.0 million Expects 4Q22 net income and diluted EPS to ...
If we do enter a recession next year, we'll see more of a rotation into health care, says RTW's Wong
Dr. Rod Wong, RTW Investments managing partner and CIO, joins the 'Halftime Report' to discuss his thoughts on the biotech sector going into the new year, his investing thesis behind Avidity Bioscienc...