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.
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.
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%.
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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.
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