Matson, Inc. (MATX)

NYSE: MATX · IEX Real-Time Price · USD
89.44
+2.35 (2.70%)
Sep 27, 2023, 4:00 PM EDT - Market closed
2.7%
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]

Industry Marine Shipping
Sector Industrials
Founded 1882
Employees 4,288
Stock Exchange NYSE
Ticker Symbol MATX
Full Company Profile

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 Statements

Analyst 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.

Price Target
$100.0
(11.81% upside)
Analyst Consensus: Hold
Stock Forecasts

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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 ...

2 months ago - PRNewsWire

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. ...

3 months ago - PRNewsWire

Analyzing Matson's Dividend Growth Potential

Matson (MATX) is the featured stock from this month's Dividend Growth Stocks Model Portfolio.

3 months ago - Forbes

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 ...

5 months ago - PRNewsWire

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 ...

5 months ago - PRNewsWire

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 ...

5 months ago - PRNewsWire

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...

7 months ago - PRNewsWire

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...

8 months ago - PRNewsWire

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. ...

8 months ago - PRNewsWire

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 ...

9 months ago - Market Watch

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 ...

9 months ago - PRNewsWire

The Robot Portfolio Chugs On, Up 915% in 24 Years

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9 months ago - GuruFocus

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...

Other symbols: ACETIBBRNA
11 months ago - CNBC Television

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...

11 months ago - PRNewsWire

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...

11 months ago - PRNewsWire

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...

11 months ago - PRNewsWire

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...

11 months ago - PRNewsWire

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...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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...

1 year ago - PYMNTS

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...

1 year ago - PRNewsWire

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 ...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire