John Bean Technologies (JBT) to Release Quarterly Earnings on Tuesday

John Bean Technologies (NYSE:JBT) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 22nd. Analysts expect John Bean Technologies to post earnings of $1.41 per share for the quarter. John Bean Technologies has set its FY24 guidance at $5.05-5.35 EPS and its FY 2024 guidance at 5.050-5.350 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.19). The firm had revenue of $402.30 million during the quarter, compared to analyst estimates of $432.67 million. John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. The business’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. On average, analysts expect John Bean Technologies to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

John Bean Technologies Stock Performance

Shares of NYSE:JBT opened at $98.65 on Monday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 5.26, a P/E/G ratio of 1.35 and a beta of 1.25. The firm’s 50 day simple moving average is $92.38 and its 200 day simple moving average is $93.69. 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 fifty-two week low of $82.64 and a fifty-two week high of $109.91.

John Bean Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were given a $0.10 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. John Bean Technologies’s dividend payout ratio is 2.13%.

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.