JBT Marel (NYSE:JBTM) Issues Quarterly Earnings Results

by · The Markets Daily

JBT Marel (NYSE:JBTM – Get Free Report) announced its quarterly earnings results on Monday. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.43, Zacks reports. JBT Marel had a positive return on equity of 7.96% and a negative net margin of 5.08%.The company’s revenue for the quarter was up 120.6% compared to the same quarter last year. JBT Marel updated its FY 2025 guidance to 6.100-6.400 EPS.

JBT Marel Price Performance

Shares of JBTM opened at $124.13 on Tuesday. JBT Marel has a 52-week low of $90.08 and a 52-week high of $148.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.53 and a current ratio of 0.93. The business’s 50 day moving average price is $137.15 and its two-hundred day moving average price is $127.93. The firm has a market cap of $6.45 billion, a PE ratio of -54.21, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21.

JBT Marel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.40 annualized dividend and a yield of 0.3%. JBT Marel’s payout ratio is -17.47%.

Analyst Upgrades and Downgrades

JBTM has been the subject of a number of research reports. Robert W. Baird set a $169.00 target price on JBT Marel in a report on Friday, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of JBT Marel in a report on Wednesday, October 8th. Finally, William Blair raised JBT Marel from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, JBT Marel currently has an average rating of “Moderate Buy” and an average price target of $156.00.

Check Out Our Latest Stock Report on JBT Marel

Hedge Funds Weigh In On JBT Marel

Several institutional investors have recently added to or reduced their stakes in JBTM. EverSource Wealth Advisors LLC bought a new stake in shares of JBT Marel during the second quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of JBT Marel during the second quarter valued at approximately $29,000. Smartleaf Asset Management LLC bought a new stake in JBT Marel during the second quarter worth $78,000. Canada Pension Plan Investment Board bought a new stake in JBT Marel during the second quarter worth $108,000. Finally, Jane Street Group LLC bought a new stake in JBT Marel during the second quarter worth $365,000. 98.92% of the stock is owned by institutional investors and hedge funds.

About JBT Marel

(Get Free Report)

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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