JBT Marel Corp (NYSE:JBTM - Get Free Report) EVP Luiz Augusto Rizzolo sold 1,271 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $118.55, for a total value of $150,677.05. Following the completion of the sale, the executive vice president now directly owns 6,342 shares of the company's stock, valued at approximately $751,844.10. This trade represents a 16.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
JBT Marel Trading Down 1.0%
NYSE JBTM traded down $1.21 during trading on Wednesday, reaching $117.14. 117,427 shares of the company's stock were exchanged, compared to its average volume of 582,991. 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 Corp has a fifty-two week low of $82.64 and a fifty-two week high of $139.05. The stock has a fifty day moving average price of $109.34. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.56 and a beta of 1.25.
JBT Marel (NYSE:JBTM - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.15. JBT Marel had a net margin of 10.25% and a return on equity of 10.16%. The firm had revenue of $854.10 million for the quarter, compared to the consensus estimate of $831.70 million. JBT Marel's revenue was up 117.7% compared to the same quarter last year. Equities analysts forecast that JBT Marel Corp will post 5.21 EPS for the current fiscal year.
JBT Marel Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 27th. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. JBT Marel's dividend payout ratio (DPR) is -28.37%.
JBT Marel Company Profile
(
Get Free Report)
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.
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