Analysts Expect John Bean Technologies Corporation (JBT) to Post $1.08 EPS

Equities research analysts predict that John Bean Technologies Corporation (NYSE:JBT) will announce earnings of $1.08 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for John Bean Technologies Corporation’s earnings. The lowest EPS estimate is $1.05 and the highest is $1.11. John Bean Technologies Corporation reported earnings per share of $0.85 in the same quarter last year, which suggests a positive year-over-year growth rate of 27.1%. The business is expected to announce its next quarterly earnings report on Monday, February 26th.

On average, analysts expect that John Bean Technologies Corporation will report full year earnings of $3.06 per share for the current year, with EPS estimates ranging from $3.01 to $3.10. For the next financial year, analysts anticipate that the firm will post earnings of $3.68 per share, with EPS estimates ranging from $3.46 to $3.85. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for John Bean Technologies Corporation.

John Bean Technologies Corporation (NYSE:JBT) last announced its earnings results on Monday, October 23rd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.04. The firm had revenue of $420.80 million during the quarter, compared to analyst estimates of $414.17 million. John Bean Technologies Corporation had a net margin of 5.41% and a return on equity of 25.51%. John Bean Technologies Corporation’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS.

A number of equities analysts recently issued reports on JBT shares. Robert W. Baird increased their target price on shares of John Bean Technologies Corporation from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. BidaskClub lowered shares of John Bean Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of John Bean Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $104.86.

In other John Bean Technologies Corporation news, EVP Steven R. Smith sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $86.78, for a total value of $867,800.00. Following the completion of the transaction, the executive vice president now directly owns 50,811 shares in the company, valued at $4,409,378.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Caroline Maury Devine sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $88.16, for a total transaction of $176,320.00. Following the completion of the transaction, the director now owns 48,592 shares of the company’s stock, valued at $4,283,870.72. The disclosure for this sale can be found here. Company insiders own 1.81% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC boosted its holdings in shares of John Bean Technologies Corporation by 15.7% in the third quarter. Sterling Capital Management LLC now owns 19,800 shares of the industrial products company’s stock worth $2,002,000 after buying an additional 2,690 shares during the period. DF Dent & Co. Inc. lifted its position in shares of John Bean Technologies Corporation by 37.8% in the third quarter. DF Dent & Co. Inc. now owns 6,339 shares of the industrial products company’s stock worth $641,000 after purchasing an additional 1,739 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of John Bean Technologies Corporation by 6.1% in the third quarter. California Public Employees Retirement System now owns 74,245 shares of the industrial products company’s stock worth $7,506,000 after purchasing an additional 4,245 shares in the last quarter. Bamco Inc. NY lifted its position in shares of John Bean Technologies Corporation by 93.3% in the third quarter. Bamco Inc. NY now owns 773,300 shares of the industrial products company’s stock worth $78,181,000 after purchasing an additional 373,300 shares in the last quarter. Finally, Vident Investment Advisory LLC lifted its position in shares of John Bean Technologies Corporation by 81.9% in the third quarter. Vident Investment Advisory LLC now owns 140,119 shares of the industrial products company’s stock worth $14,384,000 after purchasing an additional 63,099 shares in the last quarter. Institutional investors own 99.25% of the company’s stock.

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Shares of John Bean Technologies Corporation (JBT) traded up $2.15 on Friday, reaching $114.50. 106,578 shares of the company were exchanged, compared to its average volume of 178,900. The company has a market cap of $3,546.64, a price-to-earnings ratio of 39.56, a PEG ratio of 2.25 and a beta of 1.32. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.91. John Bean Technologies Corporation has a 12-month low of $80.55 and a 12-month high of $115.20.

John Bean Technologies Corporation Company Profile

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.

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Earnings History and Estimates for John Bean Technologies Corporation (NYSE:JBT)

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