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

JBT Marel Corp (NYSE:JBTM) announced a quarterly dividend on Friday, May 16th, Wall Street Journal reports. Stockholders of record on Tuesday, May 27th will be given a dividend of 0.10 per share on Tuesday, June 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, May 27th.

JBT Marel Stock Performance

Shares of JBTM opened at $119.48 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The stock has a 50 day simple moving average of $110.61. JBT Marel has a fifty-two week low of $82.64 and a fifty-two week high of $139.05. The stock has a market cap of $6.21 billion, a PE ratio of 22.17, a PEG ratio of 1.56 and a beta of 1.25.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.15. The company had revenue of $854.10 million during the quarter, compared to the consensus estimate of $831.70 million. JBT Marel had a net margin of 10.25% and a return on equity of 10.16%. The business’s revenue for the quarter was up 117.7% compared to the same quarter last year. Equities research analysts forecast that JBT Marel will post 5.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, CL King started coverage on JBT Marel in a research note on Wednesday, January 22nd. They set 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.