Latest news with #JBTM
Business Wire
5 days ago
- Business
- Business Wire
JBT Marel Corporation Declares Quarterly Dividend
CHICAGO--(BUSINESS WIRE)--JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share of outstanding common stock. The dividend will be payable September 2, 2025, to stockholders of record at the close of business on August 18, 2025. JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT Marel brings together the complementary strengths of both the JBT and Marel organizations to transform the future of food. JBT Marel provides a unique and holistic solutions offering by designing, manufacturing, and servicing cutting-edge technology, systems, and software for a broad range of food and beverage end markets. JBT Marel aims to create better outcomes for customers by optimizing food yield and efficiency, improving food safety and quality, and enhancing uptime and proactive maintenance, all while reducing waste and resource use across the global food supply chain. JBT Marel operates sales, service, manufacturing, and sourcing operations in more than 30 countries. For more information, please visit
Yahoo
28-07-2025
- Business
- Yahoo
JBT Marel (JBTM) Reports Next Week: Wall Street Expects Earnings Growth
The market expects JBT Marel (JBTM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 4. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Zacks Consensus Estimate This food processing and transportation services company is expected to post quarterly earnings of $1.27 per share in its upcoming report, which represents a year-over-year change of +21%. Revenues are expected to be $898.77 million, up 123.4% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has been revised 9.29% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for JBT? For JBT, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.59%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination indicates that JBT will most likely beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that JBT would post earnings of $0.82 per share when it actually produced earnings of $0.97, delivering a surprise of +18.29%. Over the last four quarters, the company has beaten consensus EPS estimates two times. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. JBT appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Expected Results of an Industry Player Mirion Technologies, Inc. (MIR), another stock in the Zacks Technology Services industry, is expected to report earnings per share of $0.1 for the quarter ended June 2025. This estimate points to no change from the year-ago quarter. Revenues for the quarter are expected to be $213.9 million, up 3.3% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Mirion Technologies has been revised 33.3% up to the current level. Nevertheless, the company now has an Earnings ESP of 0%, reflecting an equal Most Accurate Estimate. When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that Mirion Technologies will beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JBT Marel Corporation (JBTM) : Free Stock Analysis Report Mirion Technologies, Inc. (MIR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
JBT Marel Corporation Appoints James Pelletier as Executive Vice President and General Counsel
CHICAGO, June 02, 2025--(BUSINESS WIRE)--JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM), a leading global technology solutions provider to high-value segments of the food & beverage industry, today announced the appointment of James "Jim" Pelletier as Executive Vice President and General Counsel, effective June 30, 2025. Jim Pelletier brings more than two decades of legal and business leadership experience across both public and private sectors. He has held senior legal roles at multinational industrial companies, including Masonite International, Kymera, Barnes Group, GE, and Pratt & Whitney. His expertise spans transformative mergers and acquisitions, corporate governance, complex litigation, intellectual property, risk management, regulatory compliance, and shareholder activism defense. In his new role at JBT Marel, Mr. Pelletier will lead the Company's Legal and Compliance functions and serve as a strategic advisor to the executive leadership team and Board of Directors. "Jim's appointment reinforces our commitment to maintaining strong legal and governance foundations as we continue to grow and integrate globally," said Brian Deck, Chief Executive Officer of JBT Marel. "His extensive experience in leading legal departments at global public companies makes him a valuable addition to our leadership team." JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT Marel brings together the complementary strengths of both the JBT and Marel organizations to transform the future of food. JBT Marel provides a unique and holistic solutions offering by designing, manufacturing, and servicing cutting-edge technology, systems, and software for a broad range of food and beverage end markets. JBT Marel aims to create better outcomes for customers by optimizing food yield and efficiency, improving food safety and quality, and enhancing uptime and proactive maintenance, all while reducing waste and resource use across the global food supply chain. JBT Marel operates sales, service, manufacturing, and sourcing operations in more than 30 countries. For more information, please visit View source version on Contacts Investors & Media: Marlee +1 (312) 861-5784
Business Wire
02-06-2025
- Business
- Business Wire
JBT Marel Corporation Appoints James Pelletier as Executive Vice President and General Counsel
CHICAGO--(BUSINESS WIRE)--JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM), a leading global technology solutions provider to high-value segments of the food & beverage industry, today announced the appointment of James 'Jim' Pelletier as Executive Vice President and General Counsel, effective June 30, 2025. Jim Pelletier brings more than two decades of legal and business leadership experience across both public and private sectors. He has held senior legal roles at multinational industrial companies, including Masonite International, Kymera, Barnes Group, GE, and Pratt & Whitney. His expertise spans transformative mergers and acquisitions, corporate governance, complex litigation, intellectual property, risk management, regulatory compliance, and shareholder activism defense. In his new role at JBT Marel, Mr. Pelletier will lead the Company's Legal and Compliance functions and serve as a strategic advisor to the executive leadership team and Board of Directors. 'Jim's appointment reinforces our commitment to maintaining strong legal and governance foundations as we continue to grow and integrate globally,' said Brian Deck, Chief Executive Officer of JBT Marel. 'His extensive experience in leading legal departments at global public companies makes him a valuable addition to our leadership team.' JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT Marel brings together the complementary strengths of both the JBT and Marel organizations to transform the future of food. JBT Marel provides a unique and holistic solutions offering by designing, manufacturing, and servicing cutting-edge technology, systems, and software for a broad range of food and beverage end markets. JBT Marel aims to create better outcomes for customers by optimizing food yield and efficiency, improving food safety and quality, and enhancing uptime and proactive maintenance, all while reducing waste and resource use across the global food supply chain. JBT Marel operates sales, service, manufacturing, and sourcing operations in more than 30 countries. For more information, please visit
San Francisco Chronicle
05-05-2025
- Business
- San Francisco Chronicle
JBT: Q1 Earnings Snapshot
CHICAGO (AP) — CHICAGO (AP) — JBT Marel Corporation (JBTM) on Monday reported a loss of $173 million in its first quarter. The Chicago-based company said it had a loss of $3.35 per share. Earnings, adjusted for one-time gains and costs, came to 97 cents per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share. The food processing and transportation services company posted revenue of $854.1 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $831.7 million. For the current quarter ending in June, JBT expects its per-share earnings to range from $1.20 to $1.40. _____
