Previous close | 21.72 |
Open | 21.80 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 21.72 - 21.72 |
52-week range | 20.54 - 28.49 |
Volume | |
Avg. volume | 138 |
Market cap | 4.088B |
Beta (5Y monthly) | 0.98 |
PE ratio (TTM) | 12.13 |
EPS (TTM) | 1.79 |
Earnings date | N/A |
Forward dividend & yield | 0.95 (4.39%) |
Ex-dividend date | 08 Jun 2023 |
1y target est | N/A |
(Reuters) -Johnson Matthey warned volatile precious metal prices and currency headwinds could weigh on its profits this financial year, as the British autocatalyst maker posted a drop in annual earnings on higher costs and lower precious metal prices. The centuries-old firm, which traces its roots back to testing the purity of precious metals, has grappled with supply-chain snarls caused by China's lockdowns and the Ukraine war which led it to cease operations in Russia last year. That, and volatile precious metal prices, have impacted the company's results, although Johnson Matthey (JM) has tried to pass some of the impact onto customers via price increases.
The announcement comes as companies globally are increasing investments in green hydrogen, a zero-carbon fuel made by using renewable power from wind and solar energy to split water into hydrogen and oxygen, in their quest for energy which does not add to global warming. If the electrolyzers, the devices used in the splitting process, are powered by renewable energy, the product is called green hydrogen - a fuel free of greenhouse emissions. Green hydrogen is a potential way to decarbonise transport by powering vehicles with only water as a by-product, helping countries meet their net zero emissions goals.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Shares of hydrogen fuel cell star Plug Power (NASDAQ: PLUG) jumped 4.7% through 11:45 a.m. ET Tuesday morning after the company secured a long-term supply agreement with British hydrogen technologies company Johnson Matthey (LSE: JMAT). Under the terms of the agreement, Johnson Matthey will supply Plug with components for membrane electrode assemblies and specifically with "catalysts, membranes, and catalyst coated membranes (CCM)" -- essential parts for building fuel cells. Plug says that partnering with Johnson Matthey will "strengthen its supply chain and help meet the growing demand for fuel cells and electrolyzers."
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
An army of lobbyists is trying to persuade the government of the case for the combustible gas as a valuable weapon in the climate crisis, but questions remain
FTSE 100 engineer Johnson Matthey is closing in on a deal to build a £80m hydrogen fuel cell gigafactory in the UK to help drive a boom in the gas being used to power cars, buses and trucks. The 204-year-old company, best known for making catalytic converters for cars, is expected to announce a deal in the coming days.