John Bean Technologies Corporation (JBT) Updates FY17 Earnings Guidance
John Bean Technologies Corporation (NYSE:JBT) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.00-3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.03.
Shares of John Bean Technologies Corporation (NYSE JBT) traded up 0.10% on Monday, hitting $104.05. The stock had a trading volume of 178,969 shares. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 40.30 and a beta of 1.35. John Bean Technologies Corporation has a 52 week low of $71.85 and a 52 week high of $105.50. The firm has a 50 day moving average price of $97.88 and a 200-day moving average price of $91.74.
John Bean Technologies Corporation (NYSE:JBT) last issued its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.07. John Bean Technologies Corporation had a return on equity of 29.18% and a net margin of 5.32%. The firm had revenue of $386.10 million during the quarter, compared to the consensus estimate of $381.49 million. During the same quarter in the previous year, the company posted $0.67 EPS. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. Analysts anticipate that John Bean Technologies Corporation will post $3.03 EPS for the current year.
A number of research firms have recently weighed in on JBT. BidaskClub downgraded John Bean Technologies Corporation from a hold rating to a sell rating in a research report on Saturday, August 5th. Zacks Investment Research downgraded John Bean Technologies Corporation from a hold rating to a sell rating in a research report on Wednesday, August 2nd. Finally, Robert W. Baird set a $101.00 target price on John Bean Technologies Corporation and gave the stock a buy rating in a research report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $99.33.
In other news, VP Megan J. Rattigan sold 3,103 shares of the business’s stock in a transaction on 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 sale, the vice president now owns 26,091 shares in the company, valued at $2,276,961.57. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Steven R. Smith sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $86.78, for a total value of $867,800.00. Following the sale, the executive vice president now owns 50,811 shares of the company’s stock, valued at approximately $4,409,378.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,103 shares of company stock valued at $1,314,919. 1.81% of the stock is currently owned by corporate insiders.
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.
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