News coverage about John Bean Technologies (NYSE:JBT) has been trending somewhat positive on Friday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. John Bean Technologies earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.2663914590765 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of John Bean Technologies (NYSE:JBT) traded up $2.70 during trading hours on Friday, hitting $111.75. The stock had a trading volume of 134,400 shares, compared to its average volume of 126,313. John Bean Technologies has a 52-week low of $80.70 and a 52-week high of $120.55. The company has a market capitalization of $3,480.00, a PE ratio of 40.49, a P/E/G ratio of 2.04 and a beta of 1.35. 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 (NYSE:JBT) last announced its quarterly earnings data 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. John Bean Technologies had a return on equity of 25.51% and a net margin of 5.41%. The firm had revenue of $420.80 million for the quarter, compared to analysts’ expectations of $414.17 million. During the same period last year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. research analysts expect that John Bean Technologies will post 3.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were paid a $0.10 dividend. The ex-dividend date was Friday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. John Bean Technologies’s payout ratio is presently 14.49%.
JBT has been the topic of a number of research reports. Zacks Investment Research upgraded John Bean Technologies from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Thursday, October 26th. Robert W. Baird raised their price target on John Bean Technologies from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $104.86.
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About John Bean Technologies
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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