Johnson Matthey (JMAT) Posts Quarterly Earnings Results, Beats Estimates By $0.50 EPS

Johnson Matthey (LON:JMAT) announced its quarterly earnings results on Thursday. The company reported GBX 208.40 ($2.80) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 207.90 ($2.79) by GBX 0.50 ($0.01), Bloomberg Earnings reports. Johnson Matthey had a return on equity of 14.99% and a net margin of 2.60%.

Shares of JMAT stock opened at GBX 3,427 ($45.98) on Thursday. Johnson Matthey has a 12-month low of GBX 2,681 ($35.97) and a 12-month high of GBX 3,511 ($47.11).

Several brokerages have recently weighed in on JMAT. Morgan Stanley reiterated an “overweight” rating and issued a GBX 3,900 ($52.33) price target on shares of Johnson Matthey in a research report on Thursday, February 1st. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 3,900 ($52.33) price target on shares of Johnson Matthey in a research report on Thursday, February 1st. Liberum Capital reiterated a “hold” rating and issued a GBX 3,300 ($44.28) price target on shares of Johnson Matthey in a research report on Wednesday, January 31st. Citigroup reiterated a “buy” rating on shares of Johnson Matthey in a research report on Tuesday. Finally, Deutsche Bank reissued a “buy” rating and set a GBX 3,800 ($50.99) price objective on shares of Johnson Matthey in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Johnson Matthey has a consensus rating of “Buy” and a consensus price target of GBX 3,592.22 ($48.20).

In related news, insider John O’Higgins bought 1,500 shares of the stock in a transaction dated Friday, March 23rd. The stock was bought at an average price of GBX 3,072 ($41.22) per share, with a total value of £46,080 ($61,827.45). Also, insider Anna Manz bought 12 shares of the stock in a transaction dated Wednesday, March 21st. The stock was bought at an average cost of GBX 3,172 ($42.56) per share, with a total value of £380.64 ($510.72). In the last ninety days, insiders have acquired 1,536 shares of company stock valued at $4,727,196.

Johnson Matthey Company Profile

Johnson Matthey Plc operates as a specialty chemicals company in North America, Europe, China, rest of Asia, and internationally. It operates in five divisions: Emission Control Technologies, Process Technologies, Precious Metal Products, Fine Chemicals, and New Businesses. The Emission Control Technologies division manufactures catalysts, which control harmful emissions from cars and other light duty vehicles powered by various types of fuel, as well as from diesel powered trucks, buses, and non-road machinery.

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