Equities analysts expect John Bean Technologies Corporation (NYSE:JBT) to report earnings of $1.08 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for John Bean Technologies’ earnings, with the highest EPS estimate coming in at $1.11 and the lowest estimate coming in at $1.05. John Bean Technologies reported earnings of $0.85 per share during the same quarter last year, which would indicate a positive year over year growth rate of 27.1%. The business is scheduled to issue its next quarterly earnings results on Monday, February 26th.

According to Zacks, analysts expect that John Bean Technologies will report full-year earnings of $3.06 per share for the current financial year, with EPS estimates ranging from $3.01 to $3.10. For the next year, analysts anticipate that the company will report earnings of $3.68 per share, with EPS estimates ranging from $3.46 to $3.85. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow John Bean Technologies.

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

JBT has been the topic of a number of analyst reports. Robert W. Baird set a $101.00 price target on John Bean Technologies and gave the company a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded John Bean Technologies from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research note on Thursday, October 26th. Finally, BidaskClub cut John Bean Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $105.57.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of John Bean Technologies by 2.0% during the second quarter. Vanguard Group Inc. now owns 2,811,488 shares of the industrial products company’s stock worth $275,526,000 after buying an additional 53,907 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of John Bean Technologies by 2.3% during the third quarter. Wells Fargo & Company MN now owns 1,705,825 shares of the industrial products company’s stock worth $172,458,000 after buying an additional 38,549 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of John Bean Technologies by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 1,044,366 shares of the industrial products company’s stock worth $104,646,000 after buying an additional 3,564 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in shares of John Bean Technologies by 17.0% during the third quarter. Eagle Asset Management Inc. now owns 852,476 shares of the industrial products company’s stock worth $86,611,000 after buying an additional 123,801 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of John Bean Technologies by 7.2% during the second quarter. State Street Corp now owns 776,821 shares of the industrial products company’s stock worth $76,130,000 after buying an additional 51,939 shares during the last quarter. 99.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of John Bean Technologies (JBT) opened at $117.95 on Friday. John Bean Technologies has a 52 week low of $80.55 and a 52 week high of $120.25. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $3,780.00, a price-to-earnings ratio of 41.34, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32.

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About John Bean Technologies

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 (NYSE:JBT)

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