MATX Stock Recent News
MATX LATEST HEADLINES
HONOLULU , April 21, 2025 /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 the first quarter on Monday, May 5, 2025. A conference call is scheduled for 4:30 p.m.
Matson benefits from the Jones Act, creating a regulated monopoly on West Coast US, Hawaii, Alaska, and Guam shipping routes. The company has achieved strong financial performance with minimal debt, thanks to its prudent capital allocation and reliable service. Despite US-China trade tensions, Matson's protected routes and upcoming efficient vessels mitigate risks, with China contributing only 33% of volume.
Matson (MATX) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Matson's shareholder-friendly moves and robust expansion efforts are boosting the company's prospects.
After losing some value lately, a hammer chart pattern has been formed for Matson (MATX), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
OOMA, ANIP, MATX, VIRT and EVER are five stocks with explosive relative price strength.
URBN, MATX and BOH made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 7, 2025.
FCCO, URBN, BOH, MATX and SON have been added to the Zacks Rank #1 (Strong Buy) List on March 7, 2025.
FCCO, MATX and URBN made it to the Zacks Rank #1 (Strong Buy) value stocks list on March 7, 2025.
HONOLULU , Feb. 27, 2025 /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 twelve million share repurchase program and extending the program to December 31, 2027. As of February 26, 2025, the existing share repurchase program had 0.5 million shares remaining.