William Blair Brokers Boost Earnings Estimates for JBT

John Bean Technologies Co. (NYSE:JBT) – Research analysts at William Blair boosted their Q4 2024 earnings per share estimates for shares of John Bean Technologies in a report released on Wednesday, October 23rd. William Blair analyst R. Sparenblek now expects that the industrial products company will earn $1.85 per share for the quarter, up from their previous forecast of $1.84. The consensus estimate for John Bean Technologies’ current full-year earnings is $5.18 per share.

John Bean Technologies Stock Down 3.1 %

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

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

John Bean Technologies Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBT. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in John Bean Technologies by 57.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company’s stock worth $121,507,000 after acquiring an additional 466,846 shares in the last quarter. Bamco Inc. NY boosted its holdings in John Bean Technologies by 23.8% in the first quarter. Bamco Inc. NY now owns 650,000 shares of the industrial products company’s stock worth $68,178,000 after acquiring an additional 125,000 shares in the last quarter. Champlain Investment Partners LLC boosted its holdings in John Bean Technologies by 7.8% in the first quarter. Champlain Investment Partners LLC now owns 1,545,159 shares of the industrial products company’s stock worth $162,072,000 after acquiring an additional 112,035 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in John Bean Technologies by 91.0% in the second quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company’s stock worth $17,866,000 after acquiring an additional 89,604 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of John Bean Technologies by 69.4% in the second quarter. Natixis Advisors LLC now owns 209,662 shares of the industrial products company’s stock valued at $19,912,000 after purchasing an additional 85,910 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.

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.