John Bean Technologies Co. (NYSE:JBT - Free Report) - Research analysts at Seaport Res Ptn upped their Q2 2024 earnings per share (EPS) estimates for shares of John Bean Technologies in a report released on Tuesday, April 16th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will post earnings of $1.16 per share for the quarter, up from their previous estimate of $1.15. 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' Q3 2024 earnings at $1.26 EPS, Q3 2025 earnings at $1.43 EPS and FY2025 earnings at $5.77 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 reiterated an "outperform" rating and set a $121.00 target price on shares of John Bean Technologies in a research report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $121.00.
View Our Latest Stock Report on JBT
John Bean Technologies Stock Performance
NYSE JBT traded down $0.39 on Wednesday, hitting $90.18. 226,047 shares of the company's stock were exchanged, compared to its average volume of 211,672. 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 $100.26 and its two-hundred day moving average price is $101.14. 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 $2.87 billion, a price-to-earnings ratio of 4.79, a P/E/G ratio of 1.47 and a beta of 1.29.
John Bean Technologies Announces Dividend
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 0.44%. The ex-dividend date of this dividend 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. Point72 Hong Kong Ltd lifted its stake in John Bean Technologies by 19.2% in the 2nd quarter. Point72 Hong Kong Ltd now owns 597 shares of the industrial products company's stock valued at $66,000 after buying an additional 96 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its stake in John Bean Technologies by 5.8% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,944 shares of the industrial products company's stock valued at $178,000 after buying an additional 106 shares in the last quarter. Arizona State Retirement System lifted its stake in John Bean Technologies by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 9,060 shares of the industrial products company's stock valued at $953,000 after buying an additional 123 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in John Bean Technologies by 0.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 27,620 shares of the industrial products company's stock valued at $3,359,000 after buying an additional 149 shares in the last quarter. Finally, OLD National Bancorp IN lifted its stake in John Bean Technologies by 7.6% in the 3rd quarter. OLD National Bancorp IN now owns 2,249 shares of the industrial products company's stock valued at $236,000 after buying an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 98.92% of the company's stock.
About John Bean Technologies
(
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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.
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