Matson, Inc. (NYSE:MATX) Given Price Target Of $49


As per Matson, Inc. (NYSE:MATX)’s news release on 2016-06-23, its shareholders will get cash dividend of $0.19 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-04 and 2016-09-01, respectively.

The stock will commence trading ex-dividend from 2016-08-02, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Matson, Inc. (NYSE:MATX) disbursed $0.19 in dividend compared to distribution of $0.19, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 6.0606%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Matson, Inc. (NYSE:MATX) to attain a price target of $49. It is an average estimate figure given by 2 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $52. The low price range is set at $46 for next year while the arithmetic mean is seen at 1.67.

Eyeing Earnings Matson, Inc. (NYSE:MATX) is likely to post quarterly numbers around 2016-11-02 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.65 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Matson, Inc. (NYSE:MATX) earnings came at $0.41 suggesting a deviation of $0. The brokerages targeted EPS of $0.41 for the quarter.

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