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

Key Points

• JBT Marel Corporation announced a quarterly dividend of $0.10 per share, with the payment date set for September 2nd for investors of record on August 18th.
• The company reported earnings of $1.49 per share for the last quarter, exceeding analysts' expectations of $1.27, and achieved a significant revenue increase of 132.4% compared to the same quarter last year.
• JBT Marel's stock price recently traded down to $134.83, with a market capitalization of approximately $7.01 billion.

JBT Marel Corporation (NYSE:JBTM - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Investors of record on Monday, August 18th will be given a dividend of 0.10 per share on Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%.

JBT Marel Stock Performance

NYSE JBTM traded down $1.28 on Thursday, hitting $134.83. 596,675 shares of the stock traded hands, compared to its average volume of 563,065. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of -58.88, a PEG ratio of 2.21 and a beta of 1.24. The business's fifty day moving average is $126.26 and its two-hundred day moving average is $120.69. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.93. JBT Marel has a 12 month low of $82.64 and a 12 month high of $144.66.

JBT Marel (NYSE:JBTM - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.22. JBT Marel had a positive return on equity of 7.96% and a negative net margin of 5.08%. The business had revenue of $934.80 million for the quarter, compared to analysts' expectations of $898.77 million. JBT Marel's quarterly revenue was up 132.4% compared to the same quarter last year. As a group, equities analysts anticipate that JBT Marel will post 5.21 EPS for the current fiscal year.

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.

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