Johnson Matthey (JMAT) Releases Quarterly Earnings Results, Beats Expectations By $1.00 EPS

Johnson Matthey (LON:JMAT) announced its quarterly earnings results on Wednesday. The company reported GBX 109 ($1.42) earnings per share for the quarter, topping the consensus estimate of GBX 108 ($1.41) by GBX 1 ($0.01), Digital Look Earnings reports.

LON:JMAT opened at GBX 3,017 ($39.42) on Friday. Johnson Matthey has a 52 week low of GBX 2,681 ($35.03) and a 52 week high of GBX 3,511 ($45.88).

The company also recently announced a dividend, which will be paid on Tuesday, February 5th. Investors of record on Thursday, November 29th will be given a dividend of GBX 23.25 ($0.30) per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a yield of 0.74%.

A number of equities research analysts recently commented on the stock. Liberum Capital reissued a “buy” rating and set a GBX 4,000 ($52.27) target price on shares of Johnson Matthey in a research report on Thursday, July 26th. Credit Suisse Group reissued an “outperform” rating on shares of Johnson Matthey in a research report on Thursday, August 23rd. Berenberg Bank reissued a “buy” rating and set a GBX 4,300 ($56.19) target price on shares of Johnson Matthey in a research report on Monday, September 17th. Deutsche Bank reissued a “buy” rating and set a GBX 4,500 ($58.80) target price on shares of Johnson Matthey in a research report on Monday, October 8th. Finally, UBS Group reissued a “sell” rating on shares of Johnson Matthey in a research report on Thursday, October 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 3,827.78 ($50.02).

In other news, insider Robert MacLeod bought 12 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The stock was bought at an average price of GBX 3,072 ($40.14) per share, with a total value of £368.64 ($481.69). Insiders have purchased 36 shares of company stock valued at $116,928 in the last three months.

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Johnson Matthey Company Profile

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.

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