MATX Stock Recent News

Matson (MATX) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Matson (MATX) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Matson, Inc. has seen a decline in shipped volume over the past year, most likely due to customer product purchase decreases. The pandemic-era shipping boom drove Matson fundamentals much higher than previously normal levels before Covid. Global instability and trade wars could pose a potential threat to Matson shipping lanes and volume in the future.

Matson (MATX) came out with quarterly earnings of $2.26 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $9.49 per share a year ago.

Matson (MATX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Matson, Inc stock rallied on Friday after the US liner operator and shipowner revealed preliminary second-quarter earnings that showed analysts may have been too pessimistic about its earnings performance.  Honolulu, Hawaii-based Matson guided investors to expect 2Q net income and diluted earnings per share (EPS) to be $76.3 to $81.5 million and $2.14 to $2.28, respectively.

Here is how Matson (MATX) and Ryanair (RYAAY) have performed compared to their sector so far this year.

Matson, Inc. (MATX), Investar Holding Corporation (ISTR) and Hamilton Lane Incorporated (HLNE) recently hiked dividends.

Matson (MATX) has a solid dividend growth track record over the past five years.

CAJPY, MATX and BTVCY made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 26, 2023.