Matson, Inc. (MATX) Hits Fresh High: Is There Still Room to Run?

Zacks11-01

Have you been paying attention to shares of Matson (MATX)? Shares have been on the move with the stock up 12.7% over the past month. The stock hit a new 52-week high of $155.97 in the previous session...

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The stock hit a new 52-week high of $155.97 in the previous session...</p>\n\n<a href=\"https://finance.yahoo.com/news/matson-inc-matx-hits-fresh-131511378.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Matson, Inc. 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(MATX) Hits Fresh High: Is There Still Room to Run?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-01 21:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/matson-inc-matx-hits-fresh-131511378.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Have you been paying attention to shares of Matson (MATX)? Shares have been on the move with the stock up 12.7% over the past month. The stock hit a new 52-week high of $155.97 in the previous session...</p>\n\n<a href=\"https://finance.yahoo.com/news/matson-inc-matx-hits-fresh-131511378.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4021","symbol_name":"海运","start_time":0,"source_url":"https://finance.yahoo.com/news/matson-inc-matx-hits-fresh-131511378.html","article_id":"2480880798","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/xMhOxlfdhVA7Ts3pP3IHyA--~B/aD02MzM7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b369e357aa3d42cc28ac674490d4ae83"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480880798","pubTimestamp":1730466911,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Have you been paying attention to shares of Matson ?Shares have been on the move with the stock up 12.7% over the past month. The stock hit a new 52-week high of $155.97 in the previous session. Matson has gained 41.3% since the start of the year compared to the -0.6% move for the Zacks Transportation sector and the -9.4% return for the Zacks Transportation - Services industry.The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 30, 2024, Matson reported EPS of $5.89 versus consensus estimate of $4.98 while it missed the consensus revenue estimate by 1.32%.For the current fiscal year, Matson is expected to post earnings of $11.45 per share on $3.41 billion in revenues. This represents a 37.74% change in EPS on a 10.12% change in revenues. For the next fiscal year, the company is expected to earn $9.10 per share on $3.27 billion in revenues. This represent","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4021":"海运","MATX":"Matson Inc"},"translate_title":"美森公司（MATX）再创新高：还有运行空间吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MATX":1},"content_text":"Have you been paying attention to shares of Matson (MATX)? Shares have been on the move with the stock up 12.7% over the past month. The stock hit a new 52-week high of $155.97 in the previous session. Matson has gained 41.3% since the start of the year compared to the -0.6% move for the Zacks Transportation sector and the -9.4% return for the Zacks Transportation - Services industry.\nWhat's Driving the Outperformance?\nThe stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 30, 2024, Matson reported EPS of $5.89 versus consensus estimate of $4.98 while it missed the consensus revenue estimate by 1.32%.\nFor the current fiscal year, Matson is expected to post earnings of $11.45 per share on $3.41 billion in revenues. This represents a 37.74% change in EPS on a 10.12% change in revenues. For the next fiscal year, the company is expected to earn $9.10 per share on $3.27 billion in revenues. This represents a year-over-year change of -20.51% and -4.07%, respectively.\nValuation Metrics\nMatson may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.\nOn this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.\nMatson has a Value Score of B. The stock's Growth and Momentum Scores are B and F, respectively, giving the company a VGM Score of B.\nIn terms of its value breakdown, the stock currently trades at 13.5X current fiscal year EPS estimates, which is not in-line with the peer industry average of 17.8X. On a trailing cash flow basis, the stock currently trades at 9.3X versus its peer group's average of 9.2X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.\nZacks Rank\nWe also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Matson currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.\nSince we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Matson meets the list of requirements. Thus, it seems as though Matson shares could still be poised for more gains ahead.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nMatson, Inc. (MATX) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480880798"}