Brokers Set Expectations for John Bean Technologies Co.'s Q1 2024 Earnings (NYSE:JBT)

John Bean Technologies Co. (NYSE:JBT - Free Report) - Seaport Res Ptn increased their Q1 2024 earnings per share estimates for shares of John Bean Technologies in a report issued on Wednesday, April 3rd. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings of $1.11 per share for the quarter, up from their previous forecast of $0.86. The consensus estimate for John Bean Technologies' current full-year earnings is $5.15 per share. Seaport Res Ptn also issued estimates for John Bean Technologies' Q4 2024 earnings at $1.64 EPS, Q1 2025 earnings at $1.25 EPS, Q2 2025 earnings at $1.37 EPS, Q4 2025 earnings at $1.82 EPS and FY2025 earnings at $5.80 EPS.

John Bean Technologies (NYSE:JBT - Get Free Report) last released its earnings results on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.04. John Bean Technologies had a return on equity of 12.15% and a net margin of 33.53%. The company had revenue of $444.60 million for the quarter, compared to analysts' expectations of $445.81 million. During the same quarter in the previous year, the firm posted $1.49 EPS. The firm's quarterly revenue was up .8% on a year-over-year basis.

Separately, Robert W. Baird reissued an "outperform" rating and set a $121.00 price target on shares of John Bean Technologies in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, John Bean Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $121.00.

John Bean Technologies Stock Performance

NYSE JBT traded down $2.18 on Friday, hitting $98.89. 712,758 shares of the company's stock were exchanged, compared to its average volume of 204,050. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.27 and a quick ratio of 1.78. The firm's 50-day moving average price is $101.33 and its two-hundred day moving average price is $101.79. John Bean Technologies has a fifty-two week low of $89.96 and a fifty-two week high of $125.88. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 5.25, a P/E/G ratio of 1.57 and a beta of 1.29.

John Bean Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Friday, March 8th. John Bean Technologies's dividend payout ratio (DPR) is 2.12%.

Institutional Investors Weigh In On John Bean Technologies

Several institutional investors have recently modified their holdings of JBT. Nordea Investment Management AB lifted its stake in John Bean Technologies by 54.0% in the 3rd quarter. Nordea Investment Management AB now owns 98,365 shares of the industrial products company's stock valued at $10,323,000 after buying an additional 34,498 shares in the last quarter. Diversified Trust Co lifted its stake in John Bean Technologies by 2.9% in the 4th quarter. Diversified Trust Co now owns 9,675 shares of the industrial products company's stock valued at $962,000 after buying an additional 275 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in John Bean Technologies by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 343,967 shares of the industrial products company's stock valued at $36,165,000 after buying an additional 14,280 shares in the last quarter. 2Xideas AG purchased a new stake in John Bean Technologies in the 3rd quarter valued at approximately $10,714,000. Finally, Impax Asset Management Group plc purchased a new stake in John Bean Technologies in the 3rd quarter valued at approximately $6,308,000. Hedge funds and other 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.