John Bean Technologies Corp (JBT) Declares Quarterly Dividend of $0.09
John Bean Technologies Corp (NYSE:JBT) declared a quarterly dividend on Monday, August 18th, American Banking & Market News reports. Shareholders of record on Thursday, August 28th will be given a dividend of 0.09 per share on Thursday, September 11th. This represents a $0.36 dividend on an annualized basis and a yield of 1.27%.
On a related note, analysts at Global Hunter Securities reiterated a “buy” rating on shares of John Bean Technologies Corp in a research note on Tuesday, May 27th. They now have a $35.00 price target on the stock, down previously from $40.00.
John Bean Technologies Corp (NYSE:JBT) opened at 28.45 on Monday. John Bean Technologies Corp has a 52 week low of $21.44 and a 52 week high of $32.83. The stock’s 50-day moving average is $28.46 and its 200-day moving average is $29.56. The company has a market cap of $829.0 million and a P/E ratio of 31.20.
John Bean Technologies Corp (NYSE:JBT) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.10. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $247.70 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts expect that John Bean Technologies Corp will post $1.51 EPS for the current fiscal year.
John Bean Technologies Corporation is a global technology solutions provider for the food processing and air transportation industries.
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