Analysts expect that John Bean Technologies Corp (NYSE:JBT) will post $0.35 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for John Bean Technologies’ earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.32. John Bean Technologies reported earnings per share of $0.59 during the same quarter last year, which would suggest a negative year-over-year growth rate of 40.7%. The firm is scheduled to report its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that John Bean Technologies will report full-year earnings of $3.91 per share for the current fiscal year, with EPS estimates ranging from $3.60 to $4.00. For the next financial year, analysts expect that the company will post earnings of $4.52 per share, with EPS estimates ranging from $4.17 to $5.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for John Bean Technologies.
John Bean Technologies (NYSE:JBT) last issued its quarterly earnings data on Monday, February 26th. The industrial products company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. John Bean Technologies had a net margin of 4.92% and a return on equity of 23.93%. The business had revenue of $483.70 million during the quarter, compared to the consensus estimate of $470.35 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The company’s revenue was up 19.4% compared to the same quarter last year.
Several research analysts recently weighed in on JBT shares. Bank of America downgraded shares of John Bean Technologies from a “neutral” rating to an “underperform” rating in a research report on Friday, December 8th. Zacks Investment Research downgraded shares of John Bean Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. Finally, Wells Fargo & Co set a $125.00 price target on shares of John Bean Technologies and gave the stock a “buy” rating in a research report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $110.57.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in John Bean Technologies during the 4th quarter valued at about $201,000. BB&T Corp purchased a new stake in John Bean Technologies during the 4th quarter valued at about $206,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in John Bean Technologies by 43.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the industrial products company’s stock valued at $212,000 after acquiring an additional 581 shares in the last quarter. Carnegie Capital Asset Management LLC purchased a new stake in John Bean Technologies during the 4th quarter valued at about $244,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in John Bean Technologies during the 4th quarter valued at about $245,000.
John Bean Technologies (JBT) traded up $0.85 on Tuesday, hitting $120.10. 88,867 shares of the company traded hands, compared to its average volume of 138,201. John Bean Technologies has a 52-week low of $82.45 and a 52-week high of $122.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.90 and a current ratio of 1.33. The firm has a market cap of $3,704.00, a P/E ratio of 47.47, a PEG ratio of 1.91 and a beta of 1.32.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Monday, March 5th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Friday, March 2nd. This is an increase from John Bean Technologies’s previous quarterly dividend of $0.09. John Bean Technologies’s dividend payout ratio is 15.81%.
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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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