John Bean Technologies (NYSE:JBT) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $4.00-4.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.04. The company issued revenue guidance of $1.91-1.93 billion, compared to the consensus revenue estimate of $1.91 billion.John Bean Technologies also updated its FY 2018 guidance to $4.00-4.10 EPS.
Shares of John Bean Technologies stock traded up $2.67 on Wednesday, reaching $103.97. The stock had a trading volume of 234,840 shares, compared to its average volume of 194,533. John Bean Technologies has a 1 year low of $84.81 and a 1 year high of $123.90. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 1.51 and a beta of 1.18. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 1.06.
John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Wednesday, July 25th. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.19. John Bean Technologies had a net margin of 4.43% and a return on equity of 26.58%. The firm had revenue of $491.30 million for the quarter, compared to the consensus estimate of $474.59 million. During the same period in the prior year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. On average, sell-side analysts predict that John Bean Technologies will post 4.03 earnings per share for the current year.
JBT has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of John Bean Technologies from a hold rating to a sell rating in a report on Tuesday, July 17th. BMO Capital Markets increased their price target on shares of John Bean Technologies from $115.00 to $120.00 and gave the stock an outperform rating in a report on Tuesday, July 31st. TheStreet raised shares of John Bean Technologies from a c+ rating to an a- rating in a report on Thursday, July 26th. ValuEngine raised shares of John Bean Technologies from a hold rating to a buy rating in a report on Thursday, July 26th. Finally, JPMorgan Chase & Co. downgraded shares of John Bean Technologies from a neutral rating to an underweight rating and set a $88.00 price target on the stock. in a report on Friday, September 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $106.14.
John Bean Technologies Company Profile
John Bean Technologies Corporation designs, manufactures, tests, installs, and services products and systems for the food and beverage, and air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing solutions, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.
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