Brokerages Anticipate John Bean Technologies Corp (JBT) to Post $0.45 Earnings Per Share

Wall Street brokerages forecast that John Bean Technologies Corp (NYSE:JBT) will announce earnings of $0.45 per share for the current quarter, according to Zacks. Four analysts have provided estimates for John Bean Technologies’ earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.44. John Bean Technologies reported earnings per share of $0.34 during the same quarter last year, which suggests a positive year-over-year growth rate of 32.4%. The company is expected to report its next earnings results on Tuesday, May 7th.

On average, analysts expect that John Bean Technologies will report full-year earnings of $4.28 per share for the current year, with EPS estimates ranging from $4.05 to $4.40. For the next year, analysts expect that the firm will post earnings of $4.86 per share, with EPS estimates ranging from $4.45 to $5.15. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for John Bean Technologies.

John Bean Technologies (NYSE:JBT) last announced its earnings results on Monday, February 25th. The industrial products company reported $1.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.27. John Bean Technologies had a net margin of 5.42% and a return on equity of 32.09%. The firm had revenue of $537.30 million for the quarter, compared to analyst estimates of $536.33 million. During the same quarter in the prior year, the business posted $1.10 EPS. The business’s revenue was up 11.1% compared to the same quarter last year.

A number of research analysts have issued reports on the stock. TheStreet upgraded shares of John Bean Technologies from a “c+” rating to a “b” rating in a research report on Tuesday, February 26th. Zacks Investment Research upgraded shares of John Bean Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research report on Thursday, February 28th. ValuEngine raised shares of John Bean Technologies from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Wells Fargo & Co upped their price target on shares of John Bean Technologies from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. Finally, BMO Capital Markets cut their price target on shares of John Bean Technologies to $105.00 and set an “outperform” rating for the company in a report on Thursday, November 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $95.57.

Shares of NYSE:JBT traded down $0.54 on Friday, reaching $91.11. 354,058 shares of the company’s stock were exchanged, compared to its average volume of 213,461. John Bean Technologies has a twelve month low of $66.28 and a twelve month high of $123.90. The firm has a market cap of $2.84 billion, a PE ratio of 21.29, a PEG ratio of 1.94 and a beta of 1.42. The company has a quick ratio of 0.85, a current ratio of 1.27 and a debt-to-equity ratio of 0.85.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Wednesday, March 6th. John Bean Technologies’s dividend payout ratio (DPR) is presently 9.35%.

In other news, EVP James L. Marvin sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. Following the completion of the sale, the executive vice president now owns 19,402 shares of the company’s stock, valued at approximately $1,649,170. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.24% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its stake in John Bean Technologies by 62.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 357 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 137 shares during the last quarter. Diversified Trust Co lifted its stake in John Bean Technologies by 6.2% in the 3rd quarter. Diversified Trust Co now owns 3,452 shares of the industrial products company’s stock valued at $412,000 after purchasing an additional 200 shares during the last quarter. Advisor Group Inc. lifted its stake in John Bean Technologies by 18.2% in the 4th quarter. Advisor Group Inc. now owns 1,421 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 219 shares during the last quarter. Bank of Montreal Can lifted its stake in John Bean Technologies by 2.3% in the 4th quarter. Bank of Montreal Can now owns 9,936 shares of the industrial products company’s stock valued at $714,000 after purchasing an additional 226 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. lifted its stake in John Bean Technologies by 3.4% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 7,516 shares of the industrial products company’s stock valued at $540,000 after purchasing an additional 250 shares during the last quarter.

About John Bean Technologies

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.

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