Johnson Matthey Plc (JMAT) Announces Earnings Results, Misses Estimates By $0.30 EPS
Johnson Matthey Plc (LON:JMAT) posted its quarterly earnings results on Tuesday. The company reported GBX 99.80 ($1.31) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 100.10 ($1.32) by GBX (0.30) ($0.00), Bloomberg Earnings reports. The company had revenue of £647.83 billion during the quarter. Johnson Matthey Plc had a net margin of 3.24% and a return on equity of 20.36%.
Shares of Johnson Matthey Plc (LON:JMAT) opened at GBX 3,071 ($40.39) on Thursday. Johnson Matthey Plc has a twelve month low of GBX 2,681 ($35.26) and a twelve month high of GBX 3,511 ($46.18).
In related news, insider John Walker bought 9 shares of Johnson Matthey Plc stock in a transaction that occurred on Wednesday, October 18th. The shares were acquired at an average cost of GBX 3,393 ($44.63) per share, for a total transaction of £305.37 ($401.64). Also, insider Robert MacLeod bought 12 shares of Johnson Matthey Plc stock in a transaction that occurred on Wednesday, September 20th. The stock was bought at an average price of GBX 2,955 ($38.87) per share, for a total transaction of £354.60 ($466.39). Over the last 90 days, insiders have bought 33 shares of company stock worth $105,645.
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A number of research firms have issued reports on JMAT. Deutsche Bank AG lifted their target price on Johnson Matthey Plc from GBX 3,600 ($47.35) to GBX 4,300 ($56.56) and gave the company a “buy” rating in a research report on Friday, September 29th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 3,800 ($49.98) target price on shares of Johnson Matthey Plc in a research report on Wednesday, August 30th. Liberum Capital reiterated a “hold” rating and issued a GBX 3,300 ($43.40) target price on shares of Johnson Matthey Plc in a research report on Friday, July 28th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 3,200 ($42.09) target price on shares of Johnson Matthey Plc in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 3,578.30 ($47.06).
Johnson Matthey Plc Company Profile
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