Seaport Res Ptn Brokers Decrease Earnings Estimates for JBT

John Bean Technologies Co. (NYSE:JBT) – Research analysts at Seaport Res Ptn cut their FY2025 earnings per share (EPS) estimates for shares of John Bean Technologies in a research report issued to clients and investors on Wednesday, October 23rd. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings of $5.63 per share for the year, down from their prior estimate of $5.67. The consensus estimate for John Bean Technologies’ current full-year earnings is $5.18 per share.

John Bean Technologies (NYSE:JBT) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $453.80 million for the quarter, compared to analyst estimates of $442.20 million. John Bean Technologies had a return on equity of 10.30% and a net margin of 10.25%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 EPS.

John Bean Technologies Stock Down 3.1 %

JBT stock opened at $114.41 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $3.64 billion, a PE ratio of 21.23, a PEG ratio of 1.33 and a beta of 1.25. John Bean Technologies has a 1-year low of $82.64 and a 1-year high of $118.55. The business’s 50 day simple moving average is $94.26 and its 200 day simple moving average is $94.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBT. CWM LLC grew its holdings in John Bean Technologies by 113.2% in the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after buying an additional 172 shares in the last quarter. Lazard Asset Management LLC acquired a new position in John Bean Technologies in the 1st quarter valued at $61,000. Innealta Capital LLC acquired a new position in John Bean Technologies in the 2nd quarter valued at $73,000. Kimelman & Baird LLC acquired a new position in John Bean Technologies in the 2nd quarter valued at $85,000. Finally, nVerses Capital LLC acquired a new position in John Bean Technologies in the 3rd quarter valued at $187,000. 98.92% of the stock is owned by institutional investors and hedge funds.

John Bean Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Monday, August 19th. John Bean Technologies’s dividend payout ratio is 7.42%.

About John Bean Technologies

John Bean Technologies 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.