JBT Marel Corp (NYSE:JBTM) Announces $0.10 Quarterly Dividend

JBT Marel Corp (NYSE:JBTM) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Monday, March 10th will be given a dividend of 0.10 per share on Monday, March 24th. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date is Monday, March 10th.

JBT Marel Stock Performance

Shares of JBTM traded up $0.88 during trading on Friday, reaching $132.23. The company’s stock had a trading volume of 511,832 shares, compared to its average volume of 648,493. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 1.56 and a beta of 1.23. JBT Marel has a twelve month low of $82.64 and a twelve month high of $139.05.

JBT Marel (NYSE:JBTM) last released its quarterly earnings results on Monday, February 24th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.10). JBT Marel had a return on equity of 10.16% and a net margin of 10.25%. The business had revenue of $467.60 million during the quarter, compared to the consensus estimate of $490.23 million. Analysts forecast that JBT Marel will post 5.21 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, CL King started coverage on JBT Marel in a research report on Wednesday, January 22nd. They issued a “buy” rating and a $143.00 price objective for the company.

About JBT Marel

JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.