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 given 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 is Monday, March 10th.

JBT Marel Price Performance

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

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

Wall Street Analyst Weigh In

Separately, CL King began coverage on JBT Marel in a research note 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.