|Bid||34.76 x 800|
|Ask||34.84 x 900|
|Day's Range||34.64 - 37.05|
|52 Week Range||30.60 - 42.16|
|Beta (3Y Monthly)||1.61|
|PE Ratio (TTM)||16.10|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||0.88 (2.45%)|
|1y Target Est||41.50|
Matson, the largest U.S. domestic container carrier, said it is lowering its operating income projection for 2019. Matson operates liner services to Hawaii, Alaska, Guam and other islands in the Pacific Ocean as well as an express container service from China to the U.S. West Coast. Matt Cox, the company's chairman and chief executive officer, said the company "expects net income in 2019 to decline year-over-year, and we are lowering our outlook for EBITDA in 2019 by approximately $18 million as a result of continued weakness in the Hawaii trade lane and the unexpected higher operating costs at SSAT in the second quarter." SSAT is the company's container terminal joint venture on the West Coast.
Matson (MATX) delivered earnings and revenue surprises of -31.75% and -1.26%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- 2Q19 EPS of $0.43 - 2Q19 Net Income of $18.4 million versus $32.6 million in 2Q18 - 2Q19 EBITDA of $64.9 million versus $79.3 million in 2Q18 - Lowers Full Year 2019 Ocean Transportation Operating Income ...
Among the many differences that Matson and Young Brothers share, shipping and logistic challenges remain as a commonality. One of the most common hurdles inter-island shippers face is limited pier space, regulations and the high investment cost to upgrade equipment and do business in Hawaii.
Matson (MATX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HONOLULU , July 24, 2019 /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 ...
HONOLULU , July 8, 2019 /PRNewswire/ -- Matson, Inc. (NYSE: MATX) will be hosting an Investor Day for institutional investors on August 14, 2019 in Oakland , California. The meeting will begin promptly ...
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The new vessel is named 'Lurline,' an iconic name in Matson's long history, dating to the construction of Captain William Matson's first ship of that name in 1887. The new Lurline is the first of two new ships being built for Honolulu-based Matson by NASSCO at a total cost of approximately $500 million for the pair, and the third of four new vessels that Matson will put into service during 2018, 2019 and 2020. Named in honor of the ocean deity revered in the native Hawaiian culture, Matson's two "Kanaloa Class" vessels under construction at the NASSCO shipyard are being built on a 3,500 TEU* vessel platform.
HONOLULU , June 14, 2019 /PRNewswire/ -- The Board of Directors of Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a third ...
Matson Inc NYSE:MATXView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for MATX with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold MATX had net inflows of $1.31 billion over the last one-month. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Today we'll take a closer look at Matson, Inc. (NYSE:MATX) from a dividend investor's perspective. Owning a strong...
HONOLULU, June 3, 2019 /PRNewswire/ -- Matson, Inc. (MATX) has begun the installation of state-of-the-art exhaust gas cleaning systems on six vessels deployed in its Hawaii and China-Long Beach Express services as part of its strategy to reduce fleet emissions in line with new worldwide regulations established by the International Maritime Organization (IMO) that take effect on January 1, 2020. Three of the vessels will receive the new equipment in 2019 and the remaining three in 2020. "Because of unpredictability in the way fuel markets may develop over the next few years, Matson's IMO compliance strategy retains the flexibility to implement the most economical solution as conditions evolve," said John Lauer, senior vice president and chief commercial officer.
U.S.-based container ship operator Matson (NYSE: MATX) reported first quarter 2019 results that were above analysts' estimates, thanks to strength in the company's logistics business. The Honolulu-based Matson reported net income of $12.5 million for the first quarter, down from the $14.2 million it reported a year earlier. Chief Executive Officer Matt Cox credited the results to Maton's logistics segment posting stronger-than-expected operating income.