JBT Marel (NYSE:JBTM) Shares Up 0.2% - Here's What Happened

JBT Marel Corporation (NYSE:JBTM - Get Free Report) shares were up 0.2% on Wednesday . The company traded as high as $121.29 and last traded at $119.32. Approximately 364,077 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 380,121 shares. The stock had previously closed at $119.14.

JBT Marel Price Performance

The company has a market cap of $6.20 billion, a PE ratio of -84.62, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.48. The business's 50-day moving average is $110.68.

JBT Marel (NYSE:JBTM - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.82 by $0.15. The company had revenue of $854.10 million for the quarter, compared to analyst estimates of $831.70 million. JBT Marel had a positive return on equity of 8.55% and a negative net margin of 5.07%. The business's revenue was up 117.7% on a year-over-year basis. Equities research analysts forecast that JBT Marel Corporation will post 5.21 earnings per share for the current year.

JBT Marel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 27th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Tuesday, May 27th. JBT Marel's payout ratio is -28.37%.

Insider Buying and Selling

In other news, EVP Luiz Augusto Rizzolo sold 1,271 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were 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 owns 6,342 shares of the company's stock, valued at approximately $751,844.10. This represents a 16.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is currently owned by insiders.

JBT Marel Company Profile

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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