Matson, Inc. (NYSE:MATX) is set to announce third quarter earning results on Monday 2nd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MATX to report 3Q20 income of $ 1.39 per share.
For the full year, analysts anticipate top line of $ 2250.25 million, while looking forward to income of $ 2.84 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.55 ~ $ 1.60 per share
Click Here For More Historical Outlooks Of Matson, Inc.
Previous Quarter Performance
Matson, Inc. announced income for the second quarter of $ 0.76 per share, from the revenue of $ 524.10 million. The consensus estimates are income of $ 0.52 per share from $ 548.52 million in revenue. The bottom line results beat street analysts by $ 0.24 or 46.15 percent, at the same time, top line results fell short of analysts by $ 24.42 million or 4.45 percent.
Stock Performance
On Friday, shares of Matson, Inc. has traded high as $ 53.71 and has cracked $ 51.63 on the downward trend, reaching $ 51.95 with volume of 237.80 thousand shares.
According to the previous trading day, closing price of $ 51.95, representing a 124.04 % increase from the 52 week low of $ 23.75 and a 0.93 % decrease over the 52 week high of $ 53.71.
The company has a market capital of $ 2.24 billion and is part of the Industrials sector and Shipping & Ports industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Sidoti at Buy rating, with $ 60.00 target price.
Conference Call
Matson, Inc. will be hosting a conference call at 4:30 PM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.matson.com
Matson, Inc. provides ocean transportation and logistics services. The companys Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia.
