$1.07 EPS Expected for John Bean Technologies Corp (JBT) This Quarter

Equities research analysts expect John Bean Technologies Corp (NYSE:JBT) to post earnings of $1.07 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for John Bean Technologies’ earnings, with estimates ranging from $1.04 to $1.11. John Bean Technologies reported earnings per share of $0.85 in the same quarter last year, which would suggest a positive year-over-year growth rate of 25.9%. The firm is scheduled to issue its next earnings results on Monday, February 26th.

According to Zacks, analysts expect that John Bean Technologies will report full year earnings of $3.07 per share for the current financial year, with EPS estimates ranging from $3.03 to $3.10. For the next year, analysts expect that the business will report earnings of $3.69 per share, with EPS estimates ranging from $3.51 to $3.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow John Bean Technologies.

John Bean Technologies (NYSE:JBT) last posted its earnings results on Monday, October 23rd. The industrial products company reported $0.82 EPS for the quarter, topping the Zacks’ 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 had a return on equity of 25.51% and a net margin of 5.41%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS.

A number of analysts have commented on the company. Zacks Investment Research lowered John Bean Technologies from a “buy” rating to a “hold” rating in a report on Wednesday. Robert W. Baird lifted their target price on John Bean Technologies from $107.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Finally, Bank of America lowered John Bean Technologies from a “neutral” rating to an “underperform” rating in a report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $105.14.

Shares of John Bean Technologies (NYSE:JBT) opened at $110.65 on Friday. The company has a market capitalization of $3,469.30, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 2.04 and a beta of 1.36. John Bean Technologies has a fifty-two week low of $80.70 and a fifty-two week high of $120.55. 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 company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were paid a $0.10 dividend. The ex-dividend date was Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. John Bean Technologies’s dividend payout ratio (DPR) is currently 14.81%.

Hedge funds have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake in shares of John Bean Technologies by 67.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,152 shares of the industrial products company’s stock worth $113,000 after buying an additional 466 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of John Bean Technologies by 9.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the industrial products company’s stock worth $130,000 after buying an additional 114 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of John Bean Technologies by 27.4% in the 2nd quarter. Advisor Group Inc. now owns 1,381 shares of the industrial products company’s stock worth $129,000 after buying an additional 297 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of John Bean Technologies by 1.2% in the 2nd quarter. D.A. Davidson & CO. now owns 1,574 shares of the industrial products company’s stock worth $154,000 after buying an additional 19 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of John Bean Technologies by 71.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,231 shares of the industrial products company’s stock worth $219,000 after buying an additional 931 shares during the last quarter. Hedge funds and other institutional investors own 99.26% of the company’s stock.

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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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