JBT Marel (NYSE:JBTM) Issues Quarterly Earnings Results

JBT Marel (NYSE:JBTM) posted its quarterly earnings data on Monday. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.10), Zacks reports. JBT Marel had a return on equity of 10.16% and a net margin of 10.25%.

JBT Marel Stock Performance

Shares of JBTM stock traded down $1.95 during trading hours on Monday, reaching $116.97. The company had a trading volume of 588,248 shares, compared to its average volume of 622,679. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. JBT Marel has a 1-year low of $82.64 and a 1-year high of $133.98. The company has a market cap of $3.72 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23.

Analyst Upgrades and Downgrades

Separately, CL King assumed 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.