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

JBT Marel Corporation (NYSE:JBTM - Get Free Report)'s share price rose 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 Stock Down 0.6%

The firm has a 50-day moving average price of $111.61. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of -84.16, a price-to-earnings-growth ratio of 1.91 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.

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

JBT Marel Dividend Announcement

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

Insiders Place Their Bets

In other JBT Marel news, EVP Luiz Augusto Rizzolo sold 1,271 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now owns 6,342 shares in the company, valued at approximately $751,844.10. This represents a 16.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company's stock.

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.