Equities Analysts Offer Predictions for JBT FY2024 Earnings

John Bean Technologies Co. (NYSE:JBT) – Investment analysts at William Blair raised their FY2024 earnings per share (EPS) estimates for shares of John Bean Technologies in a research report issued on Wednesday, October 23rd. William Blair analyst R. Sparenblek now anticipates that the industrial products company will earn $5.25 per share for the year, up from their previous forecast of $5.15. The consensus estimate for John Bean Technologies’ current full-year earnings is $5.18 per share.

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

John Bean Technologies Trading Up 2.2 %

Shares of John Bean Technologies stock opened at $116.98 on Monday. The firm’s 50 day simple moving average is $94.77 and its two-hundred day simple moving average is $94.20. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 1.33 and a beta of 1.25. John Bean Technologies has a 12-month low of $82.64 and a 12-month high of $118.55. The company has a current ratio of 2.54, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43.

John Bean Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Monday, August 19th. John Bean Technologies’s payout ratio is 2.13%.

Institutional Trading of John Bean Technologies

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

John Bean Technologies Company Profile

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.