JBT Marel (NYSE:JBTM) Trading Down 0.7% – Here’s What Happened

JBT Marel Corp (NYSE:JBTM)’s share price fell 0.7% during mid-day trading on Wednesday . The stock traded as low as $126.50 and last traded at $126.74. 316,497 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 607,572 shares. The stock had previously closed at $127.68.

Wall Street Analyst Weigh In

Separately, CL King started coverage on shares of JBT Marel in a report on Wednesday, January 22nd. They set a “buy” rating and a $143.00 price target on the stock.

JBT Marel Trading Down 0.7 %

The stock has a market cap of $6.58 billion, a P/E ratio of 23.51, a PEG ratio of 1.56 and a beta of 1.21. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. The firm’s 50 day simple moving average is $127.17.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings data on Monday, February 24th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.10). JBT Marel had a net margin of 10.25% and a return on equity of 10.16%. The business had revenue of $467.60 million during the quarter, compared to analysts’ expectations of $490.23 million. As a group, equities research analysts predict that JBT Marel Corp will post 5.21 EPS for the current fiscal year.

JBT Marel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Monday, March 10th. JBT Marel’s dividend payout ratio (DPR) is currently 15.09%.

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.