Wall Street analysts expect John Bean Technologies Corporation (NYSE:JBT) to announce $472.52 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for John Bean Technologies Corporation’s earnings, with estimates ranging from $469.00 million to $481.70 million. John Bean Technologies Corporation posted sales of $405.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 16.7%. The firm is expected to report its next quarterly earnings report on Monday, February 26th.

On average, analysts expect that John Bean Technologies Corporation will report full year sales of $472.52 million for the current fiscal year, with estimates ranging from $1.62 billion to $1.64 billion. For the next year, analysts expect that the firm will post sales of $1.75 billion per share, with estimates ranging from $1.73 billion to $1.78 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover John Bean Technologies Corporation.

John Bean Technologies Corporation (NYSE:JBT) last announced its quarterly earnings results on Monday, October 23rd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The business had revenue of $420.80 million during the quarter, compared to analyst estimates of $414.17 million. John Bean Technologies Corporation had a return on equity of 25.51% and a net margin of 5.41%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS.

JBT has been the subject of several recent research reports. Robert W. Baird upped their price objective on John Bean Technologies Corporation from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday. BidaskClub cut John Bean Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research raised John Bean Technologies Corporation from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $104.86.

Shares of John Bean Technologies Corporation (NYSE JBT) opened at 110.05 on Friday. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 42.62 and a beta of 1.35. John Bean Technologies Corporation has a one year low of $76.20 and a one year high of $115.20. The stock’s 50 day moving average price is $100.41 and its 200 day moving average price is $92.61.

In related news, EVP Steven R. Smith sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $86.78, for a total transaction of $867,800.00. Following the completion of the transaction, the executive vice president now directly owns 50,811 shares of the company’s stock, valued at $4,409,378.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Megan J. Rattigan sold 3,103 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $87.27, for a total value of $270,798.81. Following the transaction, the vice president now directly owns 26,091 shares of the company’s stock, valued at $2,276,961.57. The disclosure for this sale can be found here. Insiders have sold 15,103 shares of company stock valued at $1,314,919 over the last three months. Insiders own 1.81% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. boosted its position in John Bean Technologies Corporation by 67.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,152 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 466 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in John Bean Technologies Corporation by 9.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 114 shares during the last quarter. Advisor Group Inc. boosted its position in John Bean Technologies Corporation by 27.4% during the second quarter. Advisor Group Inc. now owns 1,381 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 297 shares during the last quarter. D.A. Davidson & CO. boosted its position in John Bean Technologies Corporation by 1.2% during the second quarter. D.A. Davidson & CO. now owns 1,574 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 19 shares during the last quarter. Finally, US Bancorp DE boosted its position in John Bean Technologies Corporation by 7.6% during the second quarter. US Bancorp DE now owns 1,830 shares of the industrial products company’s stock valued at $180,000 after purchasing an additional 130 shares during the last quarter. 99.25% of the stock is owned by hedge funds and other institutional investors.

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

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