John Bean Technologies (JBT) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for John Bean Technologies in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" JBT shares.
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2 equities research analysts have issued 1 year target prices for John Bean Technologies' stock. Their JBT share price forecasts range from $100.00 to $120.00. On average, they predict the company's share price to reach $110.00 in the next twelve months. This suggests a possible upside of 3.3% from the stock's current price.
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John Bean Technologies' stock was trading at $91.33 at the start of the year. Since then, JBT shares have increased by 16.6% and is now trading at $106.45.
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John Bean Technologies saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 838,600 shares, a decline of 7.1% from the April 30th total of 902,300 shares. Based on an average daily trading volume, of 154,700 shares, the days-to-cover ratio is currently 5.4 days. Approximately 2.7% of the shares of the company are short sold.
View John Bean Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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John Bean Technologies Co. (NYSE:JBT) issued its earnings results on Wednesday, April, 26th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.22. The industrial products company had revenue of $529.50 million for the quarter, compared to the consensus estimate of $513.54 million. John Bean Technologies had a net margin of 5.87% and a trailing twelve-month return on equity of 18.50%. The firm's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 earnings per share.

John Bean Technologies announced a quarterly dividend on Friday, May 12th. Investors of record on Thursday, May 25th will be given a dividend of $0.10 per share on Thursday, June 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Wednesday, May 24th.
Read our dividend analysis for JBT.

ETFs with the largest weight of John Bean Technologies (NYSE:JBT) stock in their portfolio include Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), Invesco S&P SmallCap Industrials ETF (PSCI), VanEck Future of Food ETF (YUMY), Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ), ROBO Global Robotics & Automation ETF (ROBO), BlackRock Future Climate and Sustainable Economy ETF (BECO) and iShares S&P Small-Cap 600 Value ETF (IJS).

John Bean Technologies (NYSE:JBT) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.38%. The dividend payout ratio is 9.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, JBT will have a dividend payout ratio of 6.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for JBT.

John Bean Technologies updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $1.10-$1.25 for the period, compared to the consensus estimate of $1.24. The company issued revenue guidance of $569.41 million-$591.11 million, compared to the consensus revenue estimate of $589.20 million.

3 employees have rated John Bean Technologies Chief Executive Officer Brian Deck on Glassdoor.com. Brian Deck has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other John Bean Technologies investors own include AbbVie (ABBV), Walt Disney (DIS), Enterprise Products Partners (EPD), International Business Machines (IBM), Johnson & Johnson (JNJ), NVIDIA (NVDA), Advanced Micro Devices (AMD), Broadcom (AVGO), Alibaba Group (BABA) and Five Below (FIVE).

John Bean Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "JBT."

John Bean Technologies' stock is owned by many different institutional and retail investors. Top institutional shareholders include Champlain Investment Partners LLC (5.00%), Conestoga Capital Advisors LLC (2.90%), Kayne Anderson Rudnick Investment Management LLC (2.86%), Turtle Creek Asset Management Inc. (2.45%), ArrowMark Colorado Holdings LLC (2.45%) and Brown Advisory Inc. (2.20%). Insiders that own company stock include Brian A Deck, Carlos Fernandez, Caroline Maury Devine, David C Burdakin, James L Marvin, James M Ringler, Jason T Clayton, Paul Sternlieb and Polly B Kawalek.
View institutional ownership trends.

Shares of JBT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of JBT stock can currently be purchased for approximately $106.45.

John Bean Technologies (NYSE:JBT) has a market capitalization of $3.39 billion and generates $2.17 billion in revenue each year. The industrial products company earns $130.70 million in net income (profit) each year or $4.08 on an earnings per share basis.

The company employs 7,200 workers across the globe.

John Bean Technologies' mailing address is 70 W MADISON SUITE 4400, CHICAGO IL, 60602. The official website for the company is www.jbtc.com. The industrial products company can be reached via phone at (312) 861-5900, via email at megan.rattigan@jbtc.com, or via fax at 312-861-5897.