Dernières nouvelles pour Matson (NYSE:MATX) Stock

Matson

Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are Ocean Transportation which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific, and Logistics segment which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from Ocean Transportation segment.

Matson Inc

News

MATX

Matson Begins Construction On First Of Three $1B LNG-Powered Aloha Class Containerships As Part Of Long-Term Decarbonization Strategy

Revealing a significant insider sell on August 22, Richard S Kinney, Senior Vice President at Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>), as per the latest SEC filing.
What Happened: After conducting a thorough analysis, Kinney sold 1,615 shares of Matson. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000003453/000122520824008135//Archives/edgar/data/3453/000122520824008135/0001225208-24-008135-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total transaction value is $215,796.
The latest update on Thursday morning shows Matson shares down by 0.0%, trading at $133.73.
<h3>About Matson</h3>
Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are Ocean Transportation which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific, and Logistics segment which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from Ocean Transportation segment.
<h3>Matson: A Financial Overview</h3>
Revenue Growth: Matson's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 9.57%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 23.66%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 3.34, Matson showcases strong earnings per share.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.28.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 14.14 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 1.47, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 7.07 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
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<h3>Exploring the Significance of Insider Trading</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000003453">Check Out The Full List Of Matson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Richard S Kinney Takes Money Off The Table, Sells $215K In Matson Stock

Possible labor strikes at U.S. East and Gulf coast ports and Canadian railways may lead to volatility in <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">container freight rates</a> by causing supply-chain disruptions for the container industry and cargo owners, according to an industry expert.
&#8220;With the looming strikes at Canadian railways and U.S. ports, we may see an immediate uptick in freight rates as market participants brace for significant disruptions,&#8221; said Christian Roeloffs, CEO of German online container marketplace Container xChange.
Read Also: <a href="https://www.benzinga.com/top-stories/24/07/39964809/stock-of-the-day-reversal-for-sfl-corp-why-investors-are-concerned">Stock Of The Day: Reversal For SFL Corp? Why Investors Are Concerned</a>
&#8220;The possibility of simultaneous strikes at U.S. ports and Canadian railways present a perfect storm for North American trade.&#8221;
Canadian&nbsp;National&nbsp;Railway and&nbsp;Canadian&nbsp;Pacific Kansas City plan to lock out thousands of rail workers on Thursday if they cannot reach labor agreements with the Teamsters Canada Rail Conference, Reuters reported.
The Teamsters issued a 72-hour strike notice on Sunday to CPKC ahead of the company's lockout notice.
Meanwhile, the International Longshoreman Association, which represents 45,000 dockworkers at three dozen U.S. ports, plans to go on strike on Oct. 1 if it does not sign a new labor contract with the U.S. Maritime Alliance by that date.
Price Action: Container leasing and container liner stocks saw gains and losses on Wednesday.
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<li>Triton International Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRTN#NYSE">TRTN</a>) was down 0.53% to close at $26.18</li>
<li>Euroseas Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) declined 4.98% to $45.42.</li>
<li>Global Ship Lease, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) slipped 0.87% to $26.17</li>
<li>Matson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) picked up 2.09% to $133.73</li>
<li>Danaos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) declined 0.90% to $82.36</li>
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Photo: Shutterstock

Global

Markets

ESEA

TRTN

Strikes At US Ports, Canada's Railways May Cause Container Freight Rate Volatility

A substantial insider sell was reported on August 7, by Peter T Heilmann, EVP at Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>), based on the recent SEC filing.
What Happened: Heilmann's decision to sell 10,000 shares of Matson was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000003453/000122520824007907//Archives/edgar/data/3453/000122520824007907/0001225208-24-007907-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $1,293,739.
In the Thursday's morning session, Matson's shares are currently trading at $128.11, experiencing a down of 0.0%.
<h3>All You Need to Know About Matson</h3>
Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are Ocean Transportation which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific, and Logistics segment which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from Ocean Transportation segment.
<h3>Unraveling the Financial Story of Matson</h3>
Revenue Growth: Matson's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 9.57%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 23.66%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Matson's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 3.34.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.28, Matson adopts a prudent financial strategy, indicating a balanced approach to debt management.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Matson's P/E ratio of 13.54 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 1.41 is lower than the industry average, implying a discounted valuation for Matson's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 6.8 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
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<h3>Illuminating the Importance of Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Understanding Crucial Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000003453">Check Out The Full List Of Matson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Peter T Heilmann Executes Sell Order: Offloads $1.29M In Matson Stock

Stephens &amp; Co. analyst Jack Atkins maintains Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) with a Overweight and raises the price target from $155 to $160.

Price Target

Analyst Ratings

Stephens & Co. Maintains Overweight on Matson, Raises Price Target to $160

Earnings

Guidance

Matson Expects Q3 2024 Ocean Transportation Operating Income To Be Significantly Higher Than $118.2M Last Year; Q4 2024 Operating Income Expected To Be Moderately Higher Than $66.4M In Q4 2023

Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) reported quarterly earnings of $3.31 per share which beat the analyst consensus estimate of $3.00 by 10.33 percent. The company reported quarterly sales of $847.40 million which beat the analyst consensus estimate of $839.49 million by 0.94 percent. This is a 9.57 percent increase over sales of $773.40 million the same period last year.

Earnings Beats

Matson Q2 2024 Adj EPS $3.31 Beats $3.00 Estimate, Sales $847.40M Beat $839.49M Estimate

Matson&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/matx#NYSE">MATX</a>) recently announced a 6.3% hike in its quarterly dividend, taking the total to 34 cents per share (annualized $1.36). The first installment of the increased dividend will be paid out on Sep 5, 2024, to its shareholders of record as of Aug 1.
The upped dividend highlights this transportation company&#39;s commitment to creating value for its shareholders. MATX&#39;s dividend yield based on the new payout and Jun 27&#39;s closing price is 1.06%. The current increase marks the seventh dividend hike by the company in the last five years.
Per chairman and CEO Matt Cox, &quot;The increase reflects the strength of our business and confidence in our long-term free cash flow growth. As always, we remain committed to the return of excess capital to shareholders through the execution of share repurchases after funding our dividend, supporting our operations with maintenance capital, and investing in growth opportunities, while maintaining an investment grade balance sheet.&quot;
Matson, currently sporting a Zacks Rank #1 (Strong Buy), is also active on the buyback front. Investors should note that Matson has a 5-year median return on capital of 14.3%, which is higher than its industry&#39;s 10%, depicting the company&#39;s financial efficiency.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d1/69834.jpg?v=1441934294" /> 
Image Source: Zacks Investment Research
Matson is not the only player from the Zacks&nbsp;Transportation&nbsp;sector to have hiked quarterly dividends in 2024. In June,&nbsp;FedEx&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>) board of directors approved a dividend hike of 10%, thereby raising its quarterly cash dividend to $1.38 per share ($5.52 annualized). In January,&nbsp;GATX Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gatx#NYSE">GATX</a>) board of directors announced a dividend hike of 5.5%, which raised its quarterly cash dividend to 58 cents per share. Notably, 2024 marks the 106th consecutive year of GATX paying out dividends.
Dividend-paying stocks provide a solid income stream and have fewer chances of experiencing wild price swings. Dividend stocks, like MATX, are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty like the current scenario.
<a href="https://www.zacks.com/stock/news/2294793/matson-matx-rewards-shareholders-with-6-3-dividend-hike?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2294793">To read this article on Zacks.com click here.</a>

Events

GATX

Matson Rewards Shareholders With 6.3% Dividend Hike

The Board of Directors of&nbsp;Matson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>), a leading U.S. carrier in the Pacific, has declared a third quarter dividend of $0.34 per common share. The dividend represents a two-cent, or 6.3%, increase over the previous quarter's dividend and will be paid on September 5, 2024 to all shareholders of record as of the close of business on August 1, 2024.

Dividends

Matson Increases Quarterly Dividend From $0.32 To $0.34 Per Share

Stephens &amp; Co. analyst Daniel Imbro reiterates Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) with a Overweight and maintains $135 price target.

Reiteration

Stephens & Co. Reiterates Overweight on Matson, Maintains $135 Price Target

It was reported on May 7, that Leonard P Isotoff, Senior Vice President at Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) executed a significant insider sell, according to an SEC filing.
What Happened: Isotoff's decision to sell 2,800 shares of Matson was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000003453/000122520824005740//Archives/edgar/data/3453/000122520824005740/0001225208-24-005740-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The total value of the sale is $314,945.
At Wednesday morning, Matson shares are up by 0.29%, trading at $112.03.
<h3>Unveiling the Story Behind Matson</h3>
Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are Ocean Transportation which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific, and Logistics segment which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from Ocean Transportation segment.
<h3>Understanding the Numbers: Matson's Finances</h3>
Decline in Revenue: Over the 3 months period, Matson faced challenges, resulting in a decline of approximately -8.47% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: With a low gross margin of 15.22%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Matson's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 1.05.
</li>
</ul>
Debt Management: Matson's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.18.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 13.31, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 1.27 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Matson's EV/EBITDA ratio of 6.75 exceeds industry averages, indicating a premium valuation in the market
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
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<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes Worth Your Attention</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000003453">Check Out The Full List Of Matson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Leonard P Isotoff Executes Sell Order: Offloads $314K In Matson Stock

Stifel analyst Benjamin Nolan maintains Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) with a Hold and raises the price target from $109 to $111.

Stifel Maintains Hold on Matson, Raises Price Target to $111

Matson Sees Q2 Consolidated Operating Income To Be To Be Modestly Higher Than The $96.7m Achieved In Q2 2023; Expects FY24 Consolidated Operating Income To Be Modestly Higher Than The $342.8M Achieved In 2023 And Expects Comparable Seasonality To The Prior Year

Matson Sees Q2 2024 Ocean Transportation Operating Income To Be Moderately Higher Than The Level Achieved In Q2 2023

As a result of first quarter performance and the outlook trends noted above, the Company expects full year 2024 Ocean Transportation operating income to be higher than the $294.8&nbsp;million achieved in 2023 and higher than the previous outlook. &nbsp;In the second quarter 2024, the Company expects Ocean Transportation operating income to be moderately higher than the level achieved in the second quarter 2023.
Logistics: &nbsp;In the first quarter 2024, operating income for the Company's Logistics segment was $9.3&nbsp;million, or $1.6&nbsp;million lower compared to the level achieved in the first quarter 2023.&nbsp; The decrease was primarily due to continued market softness in transportation brokerage.&nbsp; For 2024, the Company expects challenging business conditions for transportation brokerage and expects operating income to be lower than the $48.0 million achieved in 2023.&nbsp; In the second quarter 2024, the Company expects operating income to be lower than the level achieved in the second quarter 2023.
Consolidated Operating Income:&nbsp; For full year 2024, the Company expects consolidated operating income to be modestly higher than the $342.8&nbsp;million achieved in 2023 and expects comparable seasonality to the prior year.&nbsp; For the second quarter 2024, the Company expects consolidated operating income to be modestly higher than the $96.7&nbsp;million achieved in the second quarter 2023.
Depreciation and Amortization: &nbsp;For the full year 2024, the Company expects depreciation and amortization expense to be approximately $180&nbsp;million, inclusive of dry-docking amortization of approximately $27&nbsp;million.
Interest Income: &nbsp;The Company expects interest income for the full year 2024 to be approximately $45&nbsp;million.&nbsp; The increase in expected interest income from the prior outlook is due to the receipt on April 19, 2024 of $10.2 million in interest income earned on the federal tax refund related to the Company's 2021 federal tax return.&nbsp;
Interest Expense: &nbsp;The Company expects interest expense for the full year 2024 to be approximately $8&nbsp;million.
Other Income (Expense): &nbsp;The Company expects full year 2024 other income (expense) to be approximately $7&nbsp;million in income, which is attributable to the amortization of certain components of net periodic benefit costs or gains related to the Company's pension and post-retirement plans.
Income Taxes:&nbsp; In the first quarter 2024, the Company's effective tax rate was 20.3&nbsp;percent.&nbsp; For the full year 2024, the Company expects its effective tax rate to be approximately 22.0 percent.
Capital and Vessel Dry-docking Expenditures:&nbsp; For the first quarter 2024, the Company made capital expenditure payments excluding vessel construction expenditures of $54.2&nbsp;million, capitalized vessel construction expenditures of $1.1&nbsp;million, and dry-docking payments of $5.2&nbsp;million.&nbsp; For the full year 2024, the Company expects to make other capital expenditure payments, including maintenance capital expenditures, of approximately $110 to $120&nbsp;million, new vessel construction expenditures (including capitalized interest and owner's items) of approximately $75&nbsp;million, LNG installations and reengining on existing vessels of approximately $70 to $80 million, and dry-docking payments of approximately $35 million.

Matson Sees FY24 Ocean Transportation Operating Income To Be Higher Than $294.8M Achieved In 2023 And Higher Then Previous Outlook

Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) reported quarterly earnings of $1.04 per share which met the analyst consensus estimate. This is a 10.64 percent increase over earnings of $0.94 per share from the same period last year. The company reported quarterly sales of $722.10 million which missed the analyst consensus estimate of $730.44 million by 1.14 percent. This is a 2.45 percent increase over sales of $704.80 million the same period last year.

Earnings Misses

Matson Q1 EPS $1.04, Inline, Sales $722.10M Miss $730.44M Estimate

Matson Expects Volume In 2024 To Be Comparable To Level In 2023, Reflecting Modest Economic Growth In Hawaii And Stable Market Share

Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) reported quarterly earnings of $1.78 per share which beat the analyst consensus estimate of $1.30 by 36.92 percent. The company reported quarterly sales of $788.90 million which beat the analyst consensus estimate of $733.60 million by 7.54 percent. This is a 1.58 percent decrease over sales of $801.60 million the same period last year.

Matson Q4 2023 GAAP EPS $1.78 Beats $1.30 Estimate, Sales $788.90M Beat $733.60M Estimate

Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Matson beat estimated earnings by 17.88%, reporting an EPS of $1.78 versus an estimate of $1.51.
Revenue was down $12.70 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.32 which was followed by a 3.74% drop in the share price the next day.
Here's a look at Matson's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>3.08</td>
<td>2.26</td>
<td>0.76</td>
<td>1.96</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>3.40</td>
<td>2.26</td>
<td>0.94</td>
<td>2.10</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>794.45M</td>
<td>774.89M</td>
<td>704.34M</td>
<td>801.22M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>827.50M</td>
<td>773.40M</td>
<td>704.80M</td>
<td>801.60M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Matson <a href="https://www.benzinga.com/quote/MATX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Matson: Q4 Earnings Insights

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LGIH

MFIN

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PANW

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TCMD

TDOC

Earnings Scheduled For February 20, 2024

The shipping industry is set for significant growth with the expansion of global trade and rising shipping volumes, driven by booming e-commerce this year and technological advancements. Given this positive outlook, it could be wise to invest in solid shipping stocks such as Danaos (DAC), Global Ship Lease (GSL), and Matson (MATX), which are benefiting from global trade. Keep reading... The shipping industry shows promise with rising global demand, increased U.S. imports and e-commerce expansion, and robust container movement. Therefore, it could be a smart move to invest in fundamentally strong shipping stocks that are capitalizing on global trade, such as Danaos Corporation (<a href="https://stocknews.com/stock/DAC/">DAC</a>), Global Ship Lease, Inc. (<a href="https://stocknews.com/stock/GSL/">GSL</a>), and Matson, Inc. (<a href="https://stocknews.com/stock/MATX/">MATX</a>).
Despite challenges such as labor shortages, logistical issues, and geopolitical tensions impacting shipping routes, the industry's strong growth prospects remain strong. Advancements in technology, sustainable practices, and expanding logistics infrastructure are driving future expansion, making investing now a promising opportunity.
Meanwhile, global supply chain growth, relaxed trade policies, and innovations in cargo shipping are driving up trade in intermediate and manufactured goods, while also lowering coordination and transportation costs. The cargo shipping market is projected to expand from 11.89 billion tons in 2024 to <a href="https://www.fortunebusinessinsights.com/cargo-shipping-market-102045">14.72 billion tons by 2032</a>, with a 2.7% CAGR, due to its cost-effective and eco-friendly long-distance transport.
Moreover, advancements in seaborne transportation, container ships, and logistics services are significantly boosting global trade networks and fueling the industry's expansion. The container shipping market is projected to reach $134.03 billion by 2029, with a robust <a href="https://www.mordorintelligence.com/industry-reports/global-container-shipping-market">CAGR of 3.1%</a>, highlighting the sector's dynamic growth.
Given these favorable trends, let's take a closer look at the fundamentals of the three <a href="https://stocknews.com/category/shipping/">Shipping</a> picks, starting with number three.
Stock #3: Danaos Corporation (<a href="https://stocknews.com/stock/DAC/">DAC</a>)
Based in Piraeus, Greece, DAC and its subsidiaries own and operate containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebit.asp">EBIT</a> margin, DAC's 55.77% is 460.2% higher than the 9.96% industry average. Likewise, its 18.95% trailing-12-month Return on Common Equity is 47.9% higher than the 12.81% industry average. Additionally, its 68.09% trailing-12-month EBITDA margin is 394.8% higher than the 13.76% industry average.
During the fiscal second quarter ended June 30, 2024, DAC's operating revenues increased 2% year-over-year to $246.31 million. Its income from operations was $139.98 million for the quarter. The company's adjusted net income and adjusted EPS were $132.31 million and $6.78, respectively.
Moreover, as of June 30, 2024, DAC's cash and cash equivalents stood at $372.45 million, compared to $271.81 million as of December 31, 2023.
Analysts expect DAC's revenue for the quarter ending September 30, 2024, to increase 5% year-over-year to $251.16 million. Its EPS for the quarter ending December 31, 2024, is expected to increase 5.9% year-over-year to $7.40. DAC's stock has gained 22.8% over the past nine months to close the last trading session at $83.63.
DAC's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect solid prospects. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #15 out of 41 stocks in the A-rated <a href="https://stocknews.com/category/shipping/">Shipping</a> industry. It has a B grade for Stability and Quality. To see DAC's Growth, Value, Momentum, and Sentiment ratings, <a href="https://stocknews.com/stock/DAC/">click here</a>.
Stock #2: Global Ship Lease, Inc. (<a href="https://stocknews.com/stock/GSL/">GSL</a>)
Based in Athens, Greece, GSL and its subsidiaries engage in owning and chartering containerships under fixed-rate charters to container shipping companies worldwide. As of March 11, 2024, it owned 68 mid-sized and smaller containerships, ranging from 2,207 to 11,040 twenty-foot equivalent units (TEU), with an aggregate capacity of 375,406 TEU.
In terms of the trailing-12-month EBITDA margin, GSL's 64.77% is 370.7% higher than the 13.76% industry average. Likewise, its 47.30% trailing-12-month net income margin is 668.4% higher than the 6.16% industry average. Furthermore, its 70.06% trailing-12-month gross profit margin is 123.7% higher than the 31.32% industry average.
For the fiscal second quarter ended June 30, 2024, GSL's operating revenues were $175 million, an 8% increase year-over-year. Similarly, its operating income rose 10.3% from the year-ago value to $93.84 million.
GSL's adjusted EBITDA grew 13.1% year-over-year to $122.35 million. The company's normalized net income and normalized EPS increased 17.1% and 17.7%, respectively, over the prior-year quarter, reaching $86.66 million and $2.46.
Street expects GSL's EPS for the quarter ending September 30, 2024, to increase 6% year-over-year to $2.47. Its revenue for the same quarter is expected to grow marginally year-over-year to $175.82 million. GSL surpassed the consensus EPS estimates in each of the trailing four quarters. The stock has gained 52.6% over the past nine months to close the last trading session at $27.24.
GSL's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has an A grade for Quality and a B for Value. It is ranked #4 in the same industry. <a href="https://stocknews.com/stock/GSL/">Click here</a> to see GSL's Growth, Momentum, Stability, and Sentiment ratings.
Stock #1: Matson, Inc. (<a href="https://stocknews.com/stock/MATX/">MATX</a>)
Headquartered in Honolulu, Hawaii, MATX and its subsidiaries engage in providing ocean transportation and logistics services. It operates through two segments: Ocean Transportation and Logistics.
In terms of the trailing-12-month levered FCF margin, MATX's 12.78% is 93% higher than the 6.62% industry average. Its 7.76% trailing-12-month Capex / Sales is 167% higher than the 2.91% industry average. Also, its 10.41% trailing-12-month net income margin is 69.1% higher than the 6.16% industry average.
MATX's total operating revenues for the second quarter ended June 30, 2024, increased 10.1% year-over-year to $847.40 million. The company's operating income rose 28.9% over the prior-year quarter to $124.60 million. In addition, its net income and EPS rose 40.1% and 46.5% from the year-ago values to $113.20 million and $3.31, respectively.
For the quarter ending September 30, 2024, MATX's EPS and revenue are expected to increase 37.2% and 16.9% year-over-year to $4.66 and 967.68 million, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. MATX's stock has gained 52.9% over the past year to close the trading session at $135.11.
MATX's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of A, translating to a Strong Buy in our proprietary rating system.
It has a B grade for Sentiment and Quality. It is ranked #2 in the Shipping industry. To access additional grades of MATX for Growth, Value, Momentum, and Stability ratings, <a href="https://stocknews.com/stock/MATX/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
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<hr />
MATX shares were trading at $131.68 per share on Tuesday afternoon, down $4.21 (-3.10%). Year-to-date, MATX has gained 21.14%, versus a 18.45% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/matx-dac-gsl-3-shipping-container-stocks-benefiting-from-global-trade/>3 Shipping Container Stocks Benefiting From Global Trade</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Shipping Container Stocks Benefiting From Global Trade

Dividend Champion, Contender, And Challenger Highlights: Week Of September 1

The shipping industry is being driven by technological innovation, sustainability trends, and rising global trade. Thus, investing in solid shipping stocks, ZIM Integrated (ZIM), Matson (MATX), and BW LPG Limited (BWLP) could offer growth potential as these companies are well-positioned to capitalize on the sector's tailwinds. Read on… The shipping industry is experiencing significant disruption, driven by the adoption of cutting-edge technologies and sustainable practices. Thus, investors might load up on shares of shipping stocks ZIM Integrated Shipping Services Ltd. (<a href="https://stocknews.com/stock/ZIM/">ZIM</a>), Matson, Inc. (<a href="https://stocknews.com/stock/MATX/">MATX</a>), and BW LPG Limited (<a href="https://stocknews.com/stock/BWLP/">BWLP</a>), which are well-positioned to thrive in the future.
The demand for faster shipping options is on the rise, with businesses increasingly embracing same-day and on-demand shipping solutions. This trend is being fueled by the growth of eCommerce and the pressing need for timely deliveries, prompting logistics companies to invest in quicker and more efficient shipping methods to meet customer expectations.
Artificial Intelligence (AI) is also playing a transformative role in the shipping and logistics market, which is expected to reach <a href="https://www.weforum.org/agenda/2024/05/logistics-growth-trends/">$12.87 billion by 2026</a>, according to the Gitnux Market Data Report 2024. The surge in AI adoption underscores the industry's push toward more innovative and efficient operational practices.
Moreover, sustainability remains a key focus as customers demand more environmentally responsible shipping options. Businesses are responding by adopting alternative fuels, electric vehicles, and carbon offset programs, reflecting the accessibility of sustainable transportation.
Given these inclinations, global trade trends have turned positive in 2024, with the first quarter witnessing a 1% increase in goods trade and a 1.5% rise in services trade quarter-over-quarter.
This growth, driven by positive dynamics in the United States and large Asian developing economies, is expected to add <a href="https://unctad.org/publication/global-trade-update-july-2024">$250 billion to goods trade</a> and $100 billion to services trade in the first half of 2024.
Looking ahead, the cargo shipping market is expected to grow significantly, from 11.89 billion tons in 2024 to 14.72 billion tons by 2032, reflecting <a href="https://www.fortunebusinessinsights.com/cargo-shipping-market-102045">a CAGR of 2.7%</a>, according to a report by Fortune Business Insights.
Additionally, the container shipping market size is estimated to grow from $116.04 billion in 2024 to $134.03 billion by 2029, at <a href="https://www.mordorintelligence.com/industry-reports/global-container-shipping-market">a CAGR of 3.11%</a>, as per a report by Mordor Intelligence.
Considering these favorable trends, let's take a closer look at the fundamentals of the three <a href="https://stocknews.com/category/shipping/">Shipping</a> picks, starting with number #3.
Stock #3: ZIM Integrated Shipping Services Ltd. (<a href="https://stocknews.com/stock/ZIM/">ZIM</a>)
Based in Haifa, Israel, ZIM operates a global fleet and network of shipping lines, providing comprehensive cargo transportation services across major trade routes. Its services include multi-modal solutions, cargo handling, tariff management, and schedule information.
On June 27, ZIM launched its premium <a href="https://investors.zim.com/news/news-details/2024/ZIM-Launches-ZIM-Central-China-Xpress-ZX2---A-New-Premium-Service-Connecting-China-and-Los-Angeles--2024-vgsOkuuzcY/default.aspx">ZIM Central China Xpress (ZX2) service</a>, connecting Central China to the U.S. West Coast. This new service reduces transit times and aligns with market demands, enhancing customer satisfaction and supporting ZIM's growth by expanding its competitive edge and global reach.
On January 9, ZIM announced the <a href="https://investors.zim.com/news/news-details/2024/ZIM-Announces-Agreement-with-Hoopo-Systems-to-Deploy-Hoopos-Tracking-Devices-on-ZIMs-Dry-Van-Container-Fleet/default.aspx">integration of tracking devices</a> from Hoopo Systems Ltd., a company specializing in innovative solutions for unpowered assets, into its dry-van container fleet. The upgrade would enhance service levels by providing valuable information, boosting transparency, and supporting ZIM's growth and market position.
For the fiscal 2024 second quarter that ended June 30, 2024, ZIM's total revenues increased 47.6% year-over-year to $1.93 billion. Its operating income stood at $468 million, compared to a loss of $168 million in the previous year's quarter. Also, the company's <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> rose 187.5% from the year-ago value to $766 million.
Moreover, ZIM's net income and EPS came in at $373 million and $3.08, compared to a net loss and loss per share of $213 million and $1.79 in the previous year's quarter.
Analysts expect ZIM's revenue for the fiscal third quarter ending September 2024 to increase 88.8% year-over-year to $2.40 billion. In addition, the company's EPS for the ongoing quarter is expected to come in at $6.31.
Shares of ZIM have surged 53.4% over the past six months and 85.1% year-to-date to close the last trading session at $18.27.
ZIM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> mirror its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
ZIM has a B grade for Growth, Value, Momentum, and Quality. It is ranked #11 out of 39 stocks in the A-rated <a href="https://stocknews.com/category/shipping/">Shipping</a> industry.
In addition to the POWR Ratings highlighted above, one can access ZIM's ratings for Stability and Sentiment <a href="https://stocknews.com/stock/ZIM/">here</a>.
Stock #2: Matson, Inc. (<a href="https://stocknews.com/stock/MATX/">MATX</a>)
MATX specializes in ocean transportation and logistics. Its Ocean Transportation segment delivers freight services to domestic non-contiguous economies. The Logistics segment offers services like multimodal brokerage, supply chain management, and non-vessel operating common carrier freight forwarding.
MATX's total operating revenue for the fiscal second quarter ended June 30, 2024, increased 9.6% year-over-year to $847.40 million. Its operating income rose 28.9% over the year-ago value to $124.60 million. Also, the company's net income and EPS rose 40.1% and 46.5% from the prior year's period to $113.20 million and $3.31, respectively.
In the third quarter of 2024, MATX expects Ocean Transportation operating income to be significantly higher than <a href="https://investor.matson.com/news-releases/news-release-details/matson-inc-announces-second-quarter-2024-results">the $118.2 million</a> achieved last year. For the fourth quarter of 2024, the company anticipates a moderate increase in Ocean Transportation operating income compared to the $66.4 million recorded in the fourth quarter of 2023.
For Logistics, MATX anticipates that operating income in both the third and fourth quarters of 2024 will approximate the levels achieved last year.
As a result, MATX now expects consolidated operating income for the third quarter of 2024 to be significantly higher than the $132.1 million achieved in the third quarter of 2023 and for the fourth quarter of 2024 to be moderately higher than the $75.3 million achieved in the fourth quarter of 2023.
For the fiscal third quarter ending September 2024, MATX's revenue and EPS are expected to increase 16.9% and 37.2% year-over-year to $967.68 million and $4.66, respectively. Moreover, the company topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of MATX have gained 24.5% over the past six months and 54.5% over the past year to close the trading session at $138.30.
MATX's solid fundamentals are reflected in its POWR Ratings. It has an overall rating of B, translating to a Buy in our proprietary rating system.
MATX has a B grade for Sentiment, Momentum, and Quality. The stock is ranked #5 out of 39 stocks in the Shipping industry.
To access additional grades of MATX for Growth, Value, and Stability ratings, <a href="https://stocknews.com/stock/MATX/">click here</a>.
Stock #1: BW LPG Limited (<a href="https://stocknews.com/stock/BWLP/">BWLP</a>)
BWLP, headquartered in Singapore, is an investment holding company active in global ship owning and chartering. Operating through the Shipping and Product Services segments, the company focuses on transporting liquefied petroleum gas for oil, trading, and utility sectors, facilitating critical energy logistics worldwide.
On August 15, BWLP announced agreements to acquire <a href="https://www.bwlpg.com/media/press-release/bw-lpg-acquires-12-very-large-gas-carriers-from-avance-gas/">12 modern Very Large Gas Carriers (VLGC)</a> from Avance Gas Holdings Ltd. for a total consideration of $1.05 billion. The fleet includes four 91,000 cubic meter dual-fuel VLGCs, two built-in 2022 and two in 2023, and eight 83,000 cubic meter VLGCs from 2015, with six featuring scrubbers.
The transaction significantly scales up BWLP's fleet, increasing the number of owned and operated VLGCs from 41 to 53, including 22 dual-fuel LPG vessels. This expansion reinforces BWLP's position as the world's leading VLGC owner and operator, with the largest number of LPG dual-fuel powered VLGCs.
For the fiscal 2024 second quarter that ended June 30, 2024, BWLP's operating profit increased 10.3% year-over-year to $89.31 million. Its profit after tax grew 8.6% from the year-ago value to $89.91 million. Plus, the company's total comprehensive income came in at $76.79 million, up 37.4% from the prior year's quarter.
The consensus revenue stands at $790.38 million, marking a modest year-over-year increase of 6.7% for the fiscal year ending in December 2025. Furthermore, the company has surpassed the expected revenue estimates in all of its trailing four quarters.
Shares of BWLP have surged 32% over the past six months to close the last trading session at $15.85.
BWLP's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
BWLP has a Quality grade of A and Growth and Sentiment grades of B. The stock has topped the 39-stock Shipping industry.
Beyond what is stated above, we've also rated BWLP for Value, Momentum, and Stability. Get all BWLP ratings <a href="https://stocknews.com/stock/BWLP/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>  

<hr />
MATX shares were unchanged in premarket trading Monday. Year-to-date, MATX has gained 27.23%, versus a 19.34% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/matx-zim-bwlp-3-shipping-stocks-to-buy-as-global-trade-expands/>3 Shipping Stocks to Buy as Global Trade Expands</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Shipping Stocks to Buy as Global Trade Expands

The shipping industry shows promise for investors due to global merchandise trade growth, increased U.S. imports, e-commerce expansion, and strong container movement, driving dynamic sector expansion. Given this backdrop, it may be wise to invest in solid shipping stocks like ZIM Integrated Shipping Services (ZIM) and Matson (MATX). Keep reading… The shipping industry is thriving as the global merchandise trade grows, driven by increased consumer spending, stronger supply chains, and innovations in logistics and digital platforms. This recovery offers promising investment opportunities and boosts optimism for future growth, despite some uncertainties in the sector.
Therefore, it could be a smart move to invest in fundamentally strong shipping stocks that are capitalizing on global trade, such as ZIM Integrated Shipping Services Ltd. (<a href="https://stocknews.com/stock/ZIM/">ZIM</a>) and Matson, Inc. (<a href="https://stocknews.com/stock/MATX/">MATX</a>).
The World Trade Organization's (WTO) goods barometer rose to 103, signaling a recovery in global merchandise trade above the long-term average. This increase, driven by strong performance in autos, shipping containers, and air freight, suggests a rebound in the third quarter of 2024. Moreover, the WTO forecasts a <a href="https://www.wto.org/english/news_e/news24_e/wtoi_04sep24_e.htm#:~:text=This%20is%20quite%20close%20to,expected%20growth%20in%20other%20regions.">2.6% rise</a> in total goods trade for 2024, reversing last year's decline.
Additionally, rising U.S. imports, the expansion of e-commerce, advancements in seaborne transportation, and robust container movement are driving trade and fueling industry growth. According to Modor Intelligence, the container shipping market is projected to reach $134.03 billion by 2029, with a strong <a href="https://www.mordorintelligence.com/industry-reports/global-container-shipping-market">CAGR of 3.1%</a>, underscoring the sector's dynamic expansion.
Furthermore, relaxed trade policies, innovations, and the demand for cost-effective cargo shipping for large shipments, especially over long distances, are driving up trade in intermediate and manufactured goods while reducing costs. As a result, the cargo shipping market is projected to grow from 11.89 billion tons in 2024 to 14.72 billion tons by 2032, with a <a href="https://www.fortunebusinessinsights.com/cargo-shipping-market-102045">2.7% CAGR</a>.
Given these favorable trends, let's take a closer look at the fundamentals of the two <a href="https://stocknews.com/category/shipping/">Shipping</a> picks, starting with number two.
Stock #2: ZIM Integrated Shipping Services Ltd. (<a href="https://stocknews.com/stock/ZIM/">ZIM</a>)
Based in Piraeus, Greece, DAC and its subsidiaries own and operate containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies.
On September 9, 2024, ZIM announced a new long-term operational cooperation with Mediterranean Shipping Company (MSC) for transpacific trade, set to launch six services from Asia to the U.S. East Coast and Gulf starting February 2025.
This partnership aims to enhance service quality and operational efficiency, utilizing larger, eco-friendly vessels as part of ZIM's fleet renewal program.
On July 30, 2024, ZIM announced the grand opening of its new U.S. headquarters in Virginia Beach, VA, on July 30, 2024. The facility, located on "ZIM Way," marks a significant milestone for the company, emphasizing its commitment to growth and innovation.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin, ZIM's 17.48% is 167.8% higher than the 6.53% industry average.
During the fiscal second quarter ended June 30, 2024, ZIM's total revenues increased 47.6% year-over-year to $1.93 billion. The company's net income and EPS came in at $373 million and $3.08, compared to a net loss and loss per share of $213 million and $1.79 in the year-ago quarter. Also, the company's adjusted EBITDA rose 187.5% from the year-ago value to $766 million.
Analysts expect ZIM's revenue for the quarter ending September 30, 2024, to increase 88.8% year-over-year to $2.40 billion. ZIM's stock has gained 120.7% over the past six months to close the last trading session at $20.41.
ZIM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect solid prospects. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #13 out of 37 stocks in the A-rated <a href="https://stocknews.com/category/shipping/">Shipping</a> industry. It has a B grade for Growth, Value, Momentum, and Quality. To see ZIM's Stability and Sentiment ratings, <a href="https://stocknews.com/stock/ZIM/">click here</a>.
Stock #1: Matson, Inc. (<a href="https://stocknews.com/stock/MATX/">MATX</a>)
Headquartered in Honolulu, Hawaii, MATX and its subsidiaries engage in providing ocean transportation and logistics services. It operates through two segments: Ocean Transportation and Logistics.
In terms of the trailing-12-month net income margin, MATX's 10.41% is 68.9% higher than the 6.16% industry average. Its 7.76% trailing-12-month Capex / Sales is 167.1% higher than the 2.90% industry average. Also, its 12.78% trailing-12-month levered FCF margin is 95.7% higher than the 6.53% industry average.
MATX's total operating revenues for the second quarter ended June 30, 2024, increased 10.1% year-over-year to $847.40 million. The company's operating income rose 28.9% over the prior-year quarter to $124.60 million. In addition, its net income and EPS rose 40.1% and 46.5% from the year-ago values to $113.20 million and $3.31, respectively.
For the quarter ending September 30, 2024, MATX's EPS and revenue are expected to increase 37.2% and 16.9% year-over-year to $4.66 and 967.68 million, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. MATX's stock has gained 57.9% over the past year to close the trading session at $137.18.
MATX's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has a B grade for Value, Momentum, and Quality. It is ranked #4 in the Shipping industry. To access additional grades of MATX for Growth, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/MATX/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
MATX shares were trading at $136.27 per share on Friday afternoon, down $0.91 (-0.66%). Year-to-date, MATX has gained 25.36%, versus a 20.31% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/matx-zim-why-these-2-shipping-stocks-are-a-smart-buy-for/>Why These 2 Shipping Stocks Are a Smart Buy for 2024?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Why These 2 Shipping Stocks Are a Smart Buy for 2024?

The transportation industry is thriving due to the e-commerce surge. AerCap Holdings (AER), Matson, Inc (MATX), and ArcBest Corporation (ARCB) are well-positioned to capitalize on increased shipping demand, leveraging technology and logistics solutions to enhance their growth in this expanding market. Read more… The transportation industry is witnessing remarkable growth, propelled by the adoption of advanced technologies, a heightened reliance on e-commerce, and supportive government initiatives.
Consequently, investors may consider increasing their stakes in AerCap Holdings N.V. (<a href="https://stocknews.com/stock/AER/">AER</a>), Matson, Inc. (<a href="https://stocknews.com/stock/MATX/">MATX</a>), and ArcBest Corporation (<a href="https://stocknews.com/stock/ARCB/">ARCB</a>), all of which are well-positioned to capitalize on these emerging industry trends.
The demand for faster shipping options is on the rise, with businesses increasingly embracing same-day and on-demand shipping solutions. The popularity of e-commerce, driven by numerous online shopping platforms catering to growing consumer needs, is propelling a boom in the transportation industry and reshaping logistics operations.
Moreover, Artificial Intelligence (AI) is playing a transformative role in the shipping and logistics market. The Gitnux Market Data Report 2024 estimates that the AI market in shipping and logistics will reach <a href="https://www.weforum.org/agenda/2024/05/logistics-growth-trends/">$12.87 billion by 2026</a>. The surge in AI adoption is facilitating the industry's push toward more innovative and efficient operational practices.
Additionally, ongoing government initiatives aimed at improving infrastructure are likely to promote greater supply chain efficiency, ultimately reducing costs and benefiting the market as a whole. That being said, the U.S. transportation and logistics industry is anticipated to <a href="https://atradius.in/reports/transportation-and-logistics-industry-trends-july-2024.html#:~:text=USA%3A%20Robust%20private%20consumption%20drives,and%20by%202.0%25%20in%202025.">grow by 2.7%</a> in 2024.
Furthermore, as per a report published by Mordor Intelligence, the global e-commerce market, estimated at $8.80 trillion in 2024, is expected to reach $8.81 trillion by 2029, growing at a <a href="https://www.mordorintelligence.com/industry-reports/global-ecommerce-market">CAGR of 15.8%</a>. This growth presents significant opportunities for the transportation sector to expand its services and capabilities.
Considering these favorable trends, let's take a closer look at the fundamentals of the three transportation stocks, starting with #3.
Stock #3: AerCap Holdings N.V. (<a href="https://stocknews.com/stock/AER/">AER</a>)
Based in Dublin, Ireland, AER offers a range of lease assets, including aircraft, engines, helicopters, and more. With a portfolio of approximately 1,717 aircraft, 1000 engines, and 300 helicopters, the company serves approximately 300 customers worldwide, offering comprehensive fleet solutions and aftermarket components, equipment, and services.
On August 1, AER announced the delivery of three <a href="https://www.aercap.com/news-media/press-releases/detail/577/aercap-announces-delivery-of-first-three-airbus-a321neo">Airbus A321neo</a> aircraft on a long-term lease to AirAsia Group as part of a fifteen-aircraft deal. The rest of the twelve aircraft are to be delivered in 2024 and 2025.
With a 30-year-long partnership with AirAsia, AER is to benefit from the long-term business deal. The collaboration could secure sustained business for AER, ensuring the company's steady expansion in the competitive aviation leasing industry.
On July 9, AER announced a <a href="https://www.aercap.com/news-media/press-releases/detail/574/aercap-to-lease-ten-new-airbus-a321neo-aircraft-to-turkish">lease agreement with Turkish Airlines</a> for the lease of ten Airbus A321neo aircraft. By supporting Turkish Airlines' fleet modernization, AER could enhance its international partnerships and strengthen its global market position, boosting its brand visibility and business potential worldwide.
For the fiscal 2024 second quarter that ended June 30, AER's total revenues and other income increased 1.8% year-over-year to $1.96 billion. Its net income attributable to AER came in at $448.17 million. Moreover, the company's EPS came in at $2.28, representing an increase of 7.5% from the previous year's quarter.
Analysts predict AER's revenue for the fiscal year ending December 2024 to increase 3.7% year-over-year to $7.86 billion. The company's EPS for the current year is also estimated to rise 3.2% from the prior year to $11.07 billion. It surpassed the consensus EPS estimates in each of the trailing four quarters.
AER's stock has surged 30.1% over the past nine months and 54.6% over the past year to close the last trading session at $96.62.
AER's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
AER has an A grade for Sentiment and a B for Momentum and Quality. Within the <a href="https://stocknews.com/category/air-freight-shipping/">Air Freight &amp; Shipping Services</a> industry, it is ranked #2 out of 16 stocks.
Beyond what we stated above, we also have given AER grades for Growth, Value, and Stability. Get all AER ratings <a href="https://stocknews.com/stock/AER/">here</a>.
Stock #2: Matson, Inc. (<a href="https://stocknews.com/stock/MATX/">MATX</a>)
MATX specializes in ocean transportation and logistics. Its Ocean Transportation segment delivers freight services to domestic non-contiguous economies. The Logistics segment offers services like multimodal transportation brokerage, supply chain management, and non-vessel operating common carrier freight forwarding.
MATX's total operating revenue for the fiscal 2024 second quarter ended June 30, 2024, increased 9.6% year-over-year to $847.40 million. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> rose 28.9% over the year-ago value to $124.60 million. Also, the company's net income and EPS rose 40.1% and 46.5% from the prior year's period to $113.20 million and $3.31, respectively.
MATX anticipates significantly <a href="https://investor.matson.com/news-releases/news-release-details/matson-inc-announces-second-quarter-2024-results">higher operating income</a> for Ocean Transportation in the third quarter of 2024, surpassing the $118.2 million achieved in the same period last year. For the fourth quarter of 2024, the company projects a moderate increase in operating income compared to the $66.4 million recorded in 2023.
Additionally, MATX expects its consolidated operating income for the third quarter of 2024 to be significantly higher than the $132.1 million earned in the third quarter of 2023 and for the fourth quarter of 2024 to also be higher than the $75.3 million achieved in the fourth quarter of 2023.
For the fiscal third quarter (ending in September 2024), MATX's revenue and EPS are expected to grow 16.9% and 37.2% year-over-year to $967.68 million and $4.66, respectively. Moreover, the company topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of MATX have gained 23.9% over the past nine months and 58.3% over the past year to close the trading session at $138.54.
MATX's robust fundamentals are reflected in its POWR Ratings. It has an overall rating of B, translating to a Buy in our proprietary rating system.
MATX has a B grade for Value, Sentiment, Momentum, and Quality. The stock is ranked #4 out of 37 stocks in the A-rated <a href="https://stocknews.com/category/shipping/">Shipping</a> industry.
To access additional grades of MATX for Growth and Stability ratings, <a href="https://stocknews.com/stock/MATX/">click here</a>.
Stock #1: ArcBest Corporation (<a href="https://stocknews.com/stock/ARCB/">ARCB</a>)
ARCB, a logistics powerhouse, employs technology and comprehensive solutions to fulfill its clients' supply chain requirements. It operates in two segments: Asset-Based, offering less-than-truckload services; and Asset-Light, encompassing ground expedited services, truckload brokerage, household goods moving, and managed transportation solutions.
On August 6, ARCB announced a <a href="https://triumphpay.com/arcbest-joins-the-triumphpay-network/">partnership with TriumphPay</a>, a premier payments network for freight brokers, factors, shippers, and carriers. By becoming a full audit and payments network participant, ARCB is expected to benefit from faster and more secure payment processes, enhancing its appeal as a preferred partner for carriers and driving significant growth opportunities.
On March 18, ARCB announced a collaboration with NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>), integrating the <a href="https://arcb.com/about/news-events/press-releases/arcbest-helps-bridge-robotics-and-logistics-gap-using-nvidia-technology">NVIDIA Isaac Perceptor platform</a> into its material-handling processes. By employing cutting-edge machine vision technology, the partnership will enhance safety and efficiency across warehouses, distribution centers, and manufacturing facilities.
This advancement positions ARCB to better meet the growing market demands, ultimately leading to increased efficiency, reduced operational costs, and improved competitiveness within the logistics industry.
For the fiscal 2024 second quarter that ended June 30, ARCB reported revenues of $1.08 billion. Its non-GAAP operating income from continuing operations rose 28.1% from the year-ago value to $64.20 million. Furthermore, the company's adjusted EBITDA from continuing operations increased 24.3% from the prior year's period to $94.86 million.
Also, the company's non-GAAP net income and non-GAAP EPS from continuing operations came in at $47.38 million and $1.98, up 24.8% and 28.6% year-over-year, respectively.
The consensus revenue and EPS estimates of $4.56 billion and $9.78 for the fiscal year ending December 2025 reflect a rise of 6.2% and 37.8% year-over-year, respectively. Moreover, the company topped the consensus revenue estimates in all four trailing quarters.
ARCB's stock has surged 4.3% over the past three months and 10.6% over the past year to close the last trading session at $110.93.
ARCB's POWR Ratings reflect its bright prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
ARCB has a B grade for Growth, Momentum, and Value. It has topped the 17-stock <a href="https://stocknews.com/category/trucking-freight/">Trucking Freight</a> industry.
To access ARCB's Stability, Sentiment, and Quality ratings, <a href="https://stocknews.com/stock/ARCB/">click here</a>.
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AER shares were unchanged in premarket trading Tuesday. Year-to-date, AER has gained 30.71%, versus a 20.61% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/aer-matx-arcb-nvda-3-transportation-stocks-gaining-from-the-e-commerce-boom/>3 Transportation Stocks Gaining from the E-Commerce Boom</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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