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

JBT Marel Corp (NYSE:JBTM - Get Free Report) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders 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 yield of 0.30%. The ex-dividend date of this dividend is Monday, March 10th.

JBT Marel Price Performance

Shares of NYSE:JBTM traded up $3.28 during midday trading on Tuesday, hitting $132.53. The stock had a trading volume of 742,988 shares, compared to its average volume of 645,200. 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. The stock has a market capitalization of $4.22 billion, a PE ratio of 24.59, a P/E/G ratio of 1.56 and a beta of 1.23.

JBT Marel (NYSE:JBTM - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.80 by ($0.10). JBT Marel had a return on equity of 10.16% and a net margin of 10.25%. The firm had revenue of $467.60 million for the quarter, compared to analyst estimates of $490.23 million. On average, research analysts expect that JBT Marel will post 5.21 EPS for the current fiscal year.

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Analyst Ratings Changes

Separately, CL King began coverage on JBT Marel in a report on Wednesday, January 22nd. They set a "buy" rating and a $143.00 price target 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.