JBT Marel Corporation (JBTM) to Issue Quarterly Dividend of $0.10 on August 31st

JBT Marel Corporation (NYSE:JBTM) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.10 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, August 17th.

JBT Marel Stock Up 0.8%

JBTM opened at $123.06 on Friday. The firm has a 50 day moving average price of $134.21 and a 200 day moving average price of $138.93. The company has a market cap of $6.38 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 1.35 and a beta of 0.94. JBT Marel has a 1 year low of $113.67 and a 1 year high of $170.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 1.24.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. The business had revenue of $981.00 million for the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Sell-side analysts expect that JBT Marel will post 8.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Zacks Research downgraded shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings cut shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Wall Street Zen downgraded JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Oppenheimer started coverage on JBT Marel in a research report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price objective on the stock. Finally, Seaport Research Partners set a $165.00 target price on JBT Marel in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, JBT Marel has an average rating of “Moderate Buy” and a consensus price target of $174.67.

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.