JBT Marel Corp to Issue Quarterly Dividend of $0.10 (NYSE:JBTM)

JBT Marel Corp (NYSE:JBTM) announced a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.10 per share on Monday, March 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Monday, March 10th.

JBT Marel Price Performance

Shares of JBTM stock traded up $0.88 during trading hours on Friday, reaching $132.23. 458,632 shares of the stock were exchanged, compared to its average volume of 646,842. The stock has a market cap of $4.21 billion, a PE ratio of 24.53, a P/E/G ratio of 1.56 and a beta of 1.23. JBT Marel has a 12-month low of $82.64 and a 12-month high of $139.05. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41.

JBT Marel (NYSE:JBTM) last announced its 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). The business had revenue of $467.60 million for the quarter, compared to analysts’ expectations of $490.23 million. JBT Marel had a net margin of 10.25% and a return on equity of 10.16%. Equities research analysts anticipate that JBT Marel will post 5.21 earnings per share for the current year.

Analyst Ratings Changes

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

JBT Marel Company Profile

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.