MATX Stock Recent News
MATX LATEST HEADLINES
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
HONOLULU , April 24, 2025 /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 $0.34 per common share. The dividend will be paid on June 5, 2025 to all shareholders of record as of the close of business on May 8, 2025.
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.