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

JBT Marel Corp (NYSE:JBTM) announced a quarterly dividend on Thursday, February 27th, 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 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Monday, March 10th.

JBT Marel Trading Up 0.7 %

JBT Marel stock opened at $132.23 on Friday. The stock has a market cap of $4.21 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. JBT Marel has a 52 week low of $82.64 and a 52 week high of $139.05.

JBT Marel (NYSE:JBTM) last issued its earnings results on Monday, February 24th. The company reported $1.70 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 for the quarter, compared to the consensus estimate of $490.23 million. On average, sell-side analysts anticipate that JBT Marel will post 5.21 earnings per share for the current year.

Analysts Set New Price Targets

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

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.