JBT Marel (NYSE:JBTM) Issues Earnings Results, Beats Estimates By $0.43 EPS

JBT Marel (NYSE:JBTM) issued its quarterly earnings data on Monday. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.43, Zacks reports. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $936.75 million. JBT Marel had a positive return on equity of 7.96% and a negative net margin of 5.08%.The firm’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

NYSE:JBTM traded up $0.99 during trading hours on Wednesday, hitting $139.40. 53,575 shares of the stock traded hands, compared to its average volume of 558,537. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.35. JBT Marel has a 1 year low of $90.08 and a 1 year high of $148.76. The company has a market cap of $7.24 billion, a price-to-earnings ratio of -60.93, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. The stock has a 50 day moving average price of $137.02 and a 200 day moving average price of $128.24.

JBT Marel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a dividend of $0.10 per share. 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 currently -17.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JBTM. EverSource Wealth Advisors LLC purchased a new position in shares of JBT Marel in the 2nd quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. purchased a new position in JBT Marel in the 2nd quarter valued at $29,000. Smartleaf Asset Management LLC purchased a new position in JBT Marel in the 2nd quarter valued at $78,000. Canada Pension Plan Investment Board purchased a new position in shares of JBT Marel during the 2nd quarter worth $108,000. Finally, Jane Street Group LLC acquired a new stake in shares of JBT Marel during the 2nd quarter worth about $365,000. Institutional investors own 98.92% of the company’s stock.

Wall Street Analyst Weigh In

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

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.