JBT Marel (NYSE:JBTM) Releases Earnings Results, Beats Estimates By $0.10 EPS

JBT Marel (NYSE:JBTM) issued its quarterly earnings data on Tuesday. The company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.10, Zacks reports. The firm had revenue of $994.00 million during the quarter. JBT Marel had a return on equity of 9.00% and a net margin of 5.00%.

Here are the key takeaways from JBT Marel’s conference call:

• Record profitability continued in Q3, with adjusted EBITDA rising 5% year over year to $179 million and margin reaching a record 18%; adjusted EPS increased 13% on stronger margins and lower interest expense.
• Full-year revenue guidance was reduced to $3.95 billion–$4.0 billion, primarily due to weaker-than-expected book-and-ship activity in the CPG-focused Diversified Food and Health business, where near-term pressure is expected to persist.
• Protein Solutions revenue grew 6%, equipment orders increased 3% in Q3 and 10% year to date, and management cited a strong poultry backlog and pipeline, including potential multiyear U.S. demand from higher line speeds and modernization.
• The company raised its adjusted EBITDA margin outlook to 17.25%–17.5% and adjusted EPS guidance to $8.10–$8.40, reflecting cost controls, integration benefits, footprint consolidation, and lower interest expense despite softer volumes.
• The board increased total share-repurchase authorization to $700 million; JBT Marel repurchased 800,000 shares in Q3 while maintaining leverage below 2.5 times, though future buybacks will remain opportunistic.

JBT Marel Price Performance

JBT Marel stock traded down $0.83 during midday trading on Thursday, reaching $125.44. The company’s stock had a trading volume of 501,949 shares, compared to its average volume of 556,232. The firm has a market capitalization of $6.51 billion, a PE ratio of 33.35, a P/E/G ratio of 1.30 and a beta of 0.93. JBT Marel has a fifty-two week low of $102.97 and a fifty-two week high of $170.19. The stock’s 50 day simple moving average is $111.14 and its 200 day simple moving average is $130.70. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.70 and a current ratio of 1.29.

Wall Street Analyst Weigh In

Several brokerages have commented on JBTM. KeyCorp initiated coverage on shares of JBT Marel in a research note on Tuesday, August 25th. They issued an “overweight” rating and a $150.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of JBT Marel in a research report on Wednesday, September 2nd. Barclays began coverage on JBT Marel in a research report on Tuesday, September 8th. They issued an “overweight” rating and a $150.00 target price for the company. Finally, Robert W. Baird dropped their price target on JBT Marel from $188.00 to $171.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $165.20.

JBT Marel Company Profile

JBT Marel Corporation (NYSE: JBTM) is a global food processing technology company formed through the combination of JBT Corporation and Marel. The company develops, manufactures and services equipment, integrated production lines and software used throughout the food industry, from primary processing to packaging and related automation.

Its products and solutions support the processing of poultry, meat, fish, prepared foods, pet food, plant-based products, fruits and vegetables, and other food categories.