|Bid||4.95 x 0|
|Ask||5.04 x 0|
|Day's range||4.92 - 5.03|
|52-week range||4.04 - 5.15|
|Beta (5Y monthly)||0.50|
|PE ratio (TTM)||14.69|
|Earnings date||29 Jul 2021|
|Forward dividend & yield||0.25 (5.07%)|
|Ex-dividend date||21 Jun 2021|
|1y target est||4.08|
Italian gas company Snam bumped up its 2021 guidance after earnings last year rose despite the health emergency, lifted by new lines of business and cost savings. Europe's biggest gas pipeline company said on Thursday it expected its adjusted net profit this year to be around 1.17 billion euros ($1.4 billion) from a previous estimate of 1.13 billion euros. Snam, which makes most of its revenue from its regulated gas transport business in Italy, is planning to spend more money on new green business lines such as hydrogen.
Italian gas group Snam <SRG.MI> has signed an agreement with truck maker IVECO and power train manufacturer FPT Industrial to develop gas and hydrogen infrastructure in the transport sector at home and abroad. Under the agreement, IVECO and FPT, both controlled by CNH Industrial <CNHI.MI>, will work with Snam on natural gas and hydrogen systems for use in light- and heavy-duty commercial vehicles and in local public transport.
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