Matson, Inc. Announces Third Quarter 2018 Results And Raises 2018 Outlook
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Matson, Inc. (MATX) PT Raised to $44 at Stephens Following 3Q
November 6, 2018 6:45 AM ESTStephens analyst Jack Atkins raised the price target on Matson, Inc. (NYSE: MATX) to $44.00 (from $41.00) while maintaining a Equal Weight rating following the company's 3Q earnings report. MATX reported 3Q18 EPS of $0.97 vs. consensus of $0.91. Atkins note that a lower tax rate and lower interest... More
Matson (MATX) Tops Q3 EPS by 6c
November 5, 2018 4:35 PM ESTMatson (NYSE: MATX) reported Q3 EPS of $0.97, $0.06 better than the analyst estimate of $0.91. Revenue for the quarter came in at $589.4 million versus the consensus estimate of $559.43 million.
Third Quarter 2018 Discussion and Outlook for 2018
Ocean Transportation: The Company's container volume in the Hawaii service in the third quarter 2018 was 1.1 percent lower year-over-year primarily due to one less sailing. The Hawaii economy continues to be strong, supported primarily by healthy tourism activity and low unemployment. The Company expects volume in 2018 to approximate the level achieved in 2017, reflecting a solid Hawaii economy and stable... More
