John Bean Technologies Co. (NYSE:JBT - Free Report) - Equities researchers at Seaport Res Ptn decreased their Q1 2024 EPS estimates for shares of John Bean Technologies in a research report issued to clients and investors on Tuesday, April 16th. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will post earnings of $0.82 per share for the quarter, down from their previous estimate of $1.11. 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 $1.84 EPS, FY2024 earnings at $5.08 EPS, Q1 2025 earnings at $0.96 EPS, Q2 2025 earnings at $1.32 EPS and Q4 2025 earnings at $2.06 EPS.
Separately, Robert W. Baird reiterated an "outperform" rating and set a $121.00 price objective on shares of John Bean Technologies in a research note on Monday, January 22nd. One research analyst has rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $121.00.
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John Bean Technologies Stock Down 0.6 %
Shares of NYSE:JBT traded down $0.57 during trading hours on Thursday, hitting $89.61. The company's stock had a trading volume of 265,669 shares, compared to its average volume of 212,392. John Bean Technologies has a 52 week low of $88.97 and a 52 week high of $125.88. 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 company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 4.76, a P/E/G ratio of 1.43 and a beta of 1.29. The firm's fifty day moving average price is $100.02 and its 200 day moving average price is $101.06.
John Bean Technologies (NYSE:JBT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.36 by $0.04. John Bean Technologies had a net margin of 33.53% and a return on equity of 12.15%. The business had revenue of $444.60 million during the quarter, compared to analyst estimates of $445.81 million. During the same quarter in the previous year, the business posted $1.49 EPS. The company's quarterly revenue was up .8% compared to the same quarter last year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. Point72 Hong Kong Ltd raised its stake in shares of John Bean Technologies by 19.2% during the 2nd quarter. Point72 Hong Kong Ltd now owns 597 shares of the industrial products company's stock worth $66,000 after acquiring an additional 96 shares in the last quarter. Metropolitan Life Insurance Co NY increased its stake in John Bean Technologies by 5.8% during 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 purchasing an additional 106 shares in the last quarter. Arizona State Retirement System increased its stake in John Bean Technologies by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 9,060 shares of the industrial products company's stock valued at $953,000 after purchasing an additional 123 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in John Bean Technologies by 0.5% during 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 purchasing an additional 149 shares in the last quarter. Finally, OLD National Bancorp IN increased its stake in John Bean Technologies by 7.6% during the 3rd quarter. OLD National Bancorp IN now owns 2,249 shares of the industrial products company's stock valued at $236,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 98.92% of the company's stock.
John Bean Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, March 8th. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. John Bean Technologies's dividend payout ratio (DPR) is presently 2.12%.
John Bean Technologies Company Profile
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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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