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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for John Bean Technologies in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" JBT shares.
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3 Wall Street research analysts have issued 12-month price targets for John Bean Technologies' shares. Their JBT share price forecasts range from $100.00 to $128.00. On average, they predict the company's stock price to reach $116.00 in the next year. This suggests a possible upside of 11.7% from the stock's current price.
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John Bean Technologies' stock was trading at $91.33 at the beginning of 2023. Since then, JBT stock has increased by 13.7% and is now trading at $103.81.
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John Bean Technologies saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 782,200 shares, a drop of 5.8% from the August 15th total of 830,700 shares. Based on an average daily trading volume, of 138,300 shares, the short-interest ratio is presently 5.7 days. Approximately 2.5% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
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John Bean Technologies Co. (NYSE:JBT) posted its quarterly earnings data on Wednesday, August, 2nd. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by $0.21. The industrial products company earned $427.70 million during the quarter, compared to analysts' expectations of $466.98 million. John Bean Technologies had a trailing twelve-month return on equity of 17.20% and a net margin of 6.08%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $1.13 EPS.

John Bean Technologies announced a quarterly dividend on Thursday, August 10th. Investors of record on Monday, August 21st will be given a dividend of $0.10 per share on Tuesday, September 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Friday, August 18th.
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), BlackRock Future Climate and Sustainable Economy ETF (BECO), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT).

John Bean Technologies (NYSE:JBT) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.39%. The dividend payout ratio is 9.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, JBT will have a dividend payout ratio of 8.42% 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 third quarter 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $0.90-$1.05 for the period, compared to the consensus earnings per share estimate of $1.11. The company issued revenue guidance of $410.00 million-$425.00 million, compared to the consensus revenue estimate of $474.86 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 a variety of institutional and retail investors. Top institutional shareholders include Champlain Investment Partners LLC (4.77%), Conestoga Capital Advisors LLC (2.89%), Kayne Anderson Rudnick Investment Management LLC (2.71%), Dimensional Fund Advisors LP (2.15%), Royce & Associates LP (2.07%) and ArrowMark Colorado Holdings LLC (2.05%). 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.
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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 $103.81.

John Bean Technologies (NYSE:JBT) has a market capitalization of $3.31 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 $4.01 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.