$373.67 Million in Sales Expected for John Bean Technologies Corp (JBT) This Quarter

Equities research analysts expect John Bean Technologies Corp (NYSE:JBT) to announce sales of $373.67 million for the current quarter, according to Zacks. Five analysts have provided estimates for John Bean Technologies’ earnings. The highest sales estimate is $376.24 million and the lowest is $368.20 million. John Bean Technologies posted sales of $344.50 million in the same quarter last year, which suggests a positive year over year growth rate of 8.5%. The business is expected to issue its next quarterly earnings results on Tuesday, April 24th.

On average, analysts expect that John Bean Technologies will report full year sales of $373.67 million for the current financial year, with estimates ranging from $1.81 billion to $1.85 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.97 billion per share, with estimates ranging from $1.93 billion to $2.07 billion. Zacks’ sales averages are an average based on a survey of analysts that cover John Bean Technologies.

How to Become a New Pot Stock Millionaire

John Bean Technologies (NYSE:JBT) last released its quarterly earnings results on Monday, February 26th. The industrial products company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. John Bean Technologies had a net margin of 4.92% and a return on equity of 23.93%. The company had revenue of $483.70 million for the quarter, compared to analyst estimates of $470.35 million. During the same period last year, the firm earned $0.85 earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of John Bean Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Wells Fargo set a $130.00 price target on shares of John Bean Technologies and gave the company a “buy” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. John Bean Technologies currently has an average rating of “Hold” and a consensus target price of $110.57.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBT. Carillon Tower Advisers Inc. purchased a new stake in John Bean Technologies during the fourth quarter worth about $69,094,000. BlackRock Inc. increased its holdings in John Bean Technologies by 3.2% during the fourth quarter. BlackRock Inc. now owns 3,924,309 shares of the industrial products company’s stock worth $434,813,000 after buying an additional 121,001 shares during the last quarter. California Public Employees Retirement System increased its holdings in John Bean Technologies by 6.1% during the third quarter. California Public Employees Retirement System now owns 74,245 shares of the industrial products company’s stock worth $7,506,000 after buying an additional 4,245 shares during the last quarter. Arizona State Retirement System increased its holdings in John Bean Technologies by 224.1% during the fourth quarter. Arizona State Retirement System now owns 53,057 shares of the industrial products company’s stock worth $5,879,000 after buying an additional 36,684 shares during the last quarter. Finally, Bamco Inc. NY increased its holdings in John Bean Technologies by 93.3% during the third quarter. Bamco Inc. NY now owns 773,300 shares of the industrial products company’s stock worth $78,181,000 after buying an additional 373,300 shares during the last quarter.

JBT opened at $113.40 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.90 and a current ratio of 1.33. John Bean Technologies has a fifty-two week low of $82.45 and a fifty-two week high of $122.65. The stock has a market cap of $3,580.83, a P/E ratio of 36.58, a PEG ratio of 1.85 and a beta of 1.32.

The company also recently declared a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Monday, March 5th were given a dividend of $0.10 per share. This is a positive change from John Bean Technologies’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, March 2nd. John Bean Technologies’s dividend payout ratio (DPR) is presently 12.90%.

COPYRIGHT VIOLATION NOTICE: “$373.67 Million in Sales Expected for John Bean Technologies Corp (JBT) This Quarter” was first published by WKRB News and is owned by of WKRB News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.wkrb13.com/2018/04/02/373-67-million-in-sales-expected-for-john-bean-technologies-corp-jbt-this-quarter-2.html.

John Bean Technologies Company Profile

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.

Get a free copy of the Zacks research report on John Bean Technologies (JBT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for John Bean Technologies (NYSE:JBT)

Receive News & Ratings for John Bean Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply