JBT Marel (NYSE:JBTM) Trading Up 0.2% – What’s Next?

JBT Marel Corporation (NYSE:JBTM) was up 0.2% during trading on Wednesday . The company traded as high as $121.29 and last traded at $119.32. Approximately 364,077 shares were traded during 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 Performance

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 stock has a market capitalization of $6.20 billion, a P/E ratio of -84.62, a P/E/G ratio of 1.92 and a beta of 1.25. The stock has a fifty day simple moving average of $110.68.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings results 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 negative net margin of 5.07% and a positive return on equity of 8.55%. The firm had revenue of $854.10 million during the quarter, compared to the consensus estimate of $831.70 million. The company’s revenue was up 117.7% on a year-over-year basis. On average, equities research analysts expect that JBT Marel Corporation will post 5.21 EPS for the current year.

JBT Marel Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Luiz Augusto Rizzolo sold 1,271 shares of the firm’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $118.55, for a total transaction of $150,677.05. Following the completion of the transaction, the executive vice president now owns 6,342 shares of the company’s stock, valued at $751,844.10. This trade represents a 16.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.69% 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.