Matson, Inc. (MATX)
| Market Cap | 3.16B |
| Revenue (ttm) | 3.39B |
| Net Income (ttm) | 458.80M |
| Shares Out | 35.29M |
| EPS (ttm) | 12.51 |
| PE Ratio | 7.15 |
| Forward PE | 12.67 |
| Dividend | $1.28 (1.43%) |
| Ex-Dividend Date | Aug 2, 2023 |
| Volume | 135,802 |
| Open | 87.83 |
| Previous Close | 87.09 |
| Day's Range | 87.45 - 89.54 |
| 52-Week Range | 56.51 - 97.49 |
| Beta | 1.22 |
| Analysts | Hold |
| Price Target | 100.00 (+11.81%) |
| Earnings Date | Nov 1, 2023 |
About MATX
Matson, Inc., together with its subsidiaries, 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, foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commer... [Read more]
Financial Performance
In 2022, Matson's revenue was $4.34 billion, an increase of 10.64% compared to the previous year's $3.93 billion. Earnings were $1.06 billion, an increase of 14.72%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for MATX stock is "Hold." The 12-month stock price forecast is $100.0, which is an increase of 11.81% from the latest price.
News
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...
MATSON TO PARTICIPATE AT STEPHENS 2022 ANNUAL INVESTMENT CONFERENCE
HONOLULU , Nov. 8, 2022 /PRNewswire/ -- Matson, Inc. (NYSE: MATX) announced today that Matt Cox, Chairman and Chief Executive Officer, and Joel Wine, Executive Vice President and Chief Financial Offic...
MATSON TO ADD THREE LNG-POWERED ALOHA CLASS CONTAINERSHIPS
$1 Billion investment part of long-term decarbonization strategy HONOLULU , Nov. 2, 2022 /PRNewswire/ -- Matson, Inc. ("Matson"; NYSE: MATX) today announced that its subsidiary, Matson Navigation Comp...
MATSON, INC. ANNOUNCES THIRD QUARTER 2022 RESULTS
3Q22 EPS of $6.89 3Q22 Net Income and EBITDA of $266.0 million and $377.4 million, respectively Year-over-year decrease in consolidated operating income driven primarily by lower volume in China servi...
MATSON TO PARTICIPATE AT BAIRD 2022 GLOBAL INDUSTRIAL CONFERENCE
HONOLULU , Nov. 1, 2022 /PRNewswire/ -- Matson, Inc. (NYSE: MATX) announced today that Joel Wine, Executive Vice President and Chief Financial Officer, will be attending the Baird 2022 Global Industri...
MATSON ANNOUNCES PRELIMINARY 3Q22 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 3Q22 EARNINGS CALL DATE
Expects 3Q22 operating income for Ocean Transportation to be $310.0 to $315.0 million Expects 3Q22 operating income for Logistics to be $19.0 to $20.0 million Expects 3Q22 net income and diluted EPS t...
MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM
HONOLULU , Aug. 23, 2022 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, approved adding three million shares, or approximately eight percen...
Matson Sees Shipping Pick up Steam as Chinese Factories Restart
A pickup in manufacturing activity in China has increased the demand for ocean transportation, Matson reported during its quarterly earnings call. The container shipping and logistics company, which i...
MATSON, INC. ANNOUNCES SECOND QUARTER 2022 RESULTS
2Q22 EPS of $9.49 2Q22 Net Income and EBITDA of $380.7 million and $536.0 million, respectively Year-over-year increase in 2Q22 consolidated operating income driven by China service strength Repurchas...
MATSON PUBLISHES 2021 SUSTAINABILITY REPORT
Annual Publication Details Progress on Environmental, Social, Governance Goals HONOLULU , July 25, 2022 /PRNewswire/ -- Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has published ...
MATSON ANNOUNCES PRELIMINARY 2Q22 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 2Q22 EARNINGS CALL DATE
Expects 2Q22 operating income for Ocean Transportation to be $465.0 to $470.0 million Expects 2Q22 operating income for Logistics to be $22.5 to $23.5 million Expects 2Q22 net income and diluted EPS t...