John Bean Technologies Corporation (NYSE:JBT) – Equities researchers at Seaport Global Securities boosted their Q1 2018 earnings per share (EPS) estimates for shares of John Bean Technologies Corporation in a report released on Friday. Seaport Global Securities analyst W. Liptak now anticipates that the industrial products company will post earnings of $0.64 per share for the quarter, up from their previous forecast of $0.59. Seaport Global Securities also issued estimates for John Bean Technologies Corporation’s Q2 2018 earnings at $0.89 EPS and FY2018 earnings at $3.85 EPS.

Other equities research analysts have also recently issued reports about the company. BidaskClub cut John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Bank of America Corporation assumed coverage on John Bean Technologies Corporation in a research report on Thursday, May 18th. They set a “neutral” rating and a $89.00 price target on the stock. Zacks Investment Research cut John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. J P Morgan Chase & Co assumed coverage on John Bean Technologies Corporation in a research report on Friday, June 2nd. They set a “neutral” rating and a $88.00 price target on the stock. Finally, Robert W. Baird set a $101.00 price target on John Bean Technologies Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. John Bean Technologies Corporation presently has an average rating of “Hold” and an average target price of $99.86.

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Shares of John Bean Technologies Corporation (NYSE JBT) opened at 92.30 on Monday. The firm has a market capitalization of $2.92 billion, a P/E ratio of 35.75 and a beta of 1.32. The firm’s 50-day moving average is $89.93 and its 200-day moving average is $89.28. John Bean Technologies Corporation has a 52 week low of $64.28 and a 52 week high of $99.20.

John Bean Technologies Corporation (NYSE:JBT) last announced its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.07. The firm had revenue of $386.10 million for the quarter, compared to the consensus estimate of $381.49 million. John Bean Technologies Corporation had a net margin of 5.32% and a return on equity of 29.18%. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share.

Several hedge funds and other institutional investors have recently modified their holdings of JBT. Bank of Montreal Can grew its holdings in shares of John Bean Technologies Corporation by 1.8% during the first quarter. Bank of Montreal Can now owns 10,309 shares of the industrial products company’s stock worth $907,000 after purchasing an additional 187 shares in the last quarter. Glen Harbor Capital Management LLC grew its holdings in shares of John Bean Technologies Corporation by 4.0% during the first quarter. Glen Harbor Capital Management LLC now owns 1,144 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 44 shares in the last quarter. Strs Ohio grew its holdings in shares of John Bean Technologies Corporation by 36.4% during the first quarter. Strs Ohio now owns 3,000 shares of the industrial products company’s stock worth $263,000 after purchasing an additional 800 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of John Bean Technologies Corporation by 10.7% during the first quarter. Russell Investments Group Ltd. now owns 60,723 shares of the industrial products company’s stock worth $5,341,000 after purchasing an additional 5,878 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of John Bean Technologies Corporation by 13.8% during the first quarter. Great West Life Assurance Co. Can now owns 44,437 shares of the industrial products company’s stock worth $3,905,000 after purchasing an additional 5,397 shares in the last quarter. 99.25% of the stock is owned by institutional investors.

In other news, VP Megan J. Rattigan sold 3,103 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $87.27, for a total transaction of $270,798.81. Following the completion of the transaction, the vice president now owns 26,091 shares of the company’s stock, valued at $2,276,961.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Caroline Maury Devine sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $88.16, for a total value of $176,320.00. Following the transaction, the director now directly owns 48,592 shares of the company’s stock, valued at approximately $4,283,870.72. The disclosure for this sale can be found here. Insiders have sold 15,103 shares of company stock valued at $1,314,919 in the last three months. 1.81% of the stock is owned by insiders.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were issued a dividend of $0.10 per share. This is a positive change from John Bean Technologies Corporation’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. John Bean Technologies Corporation’s payout ratio is presently 15.44%.

John Bean Technologies Corporation 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.

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

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