Q1 2024 EPS Estimates for John Bean Technologies Co. (NYSE:JBT) Decreased by Seaport Res Ptn

John Bean Technologies Co. (NYSE:JBT) – Research analysts at Seaport Res Ptn reduced their Q1 2024 earnings estimates for shares of John Bean Technologies in a research note issued to investors on Tuesday, April 16th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will earn $0.82 per share for the quarter, down from their previous forecast of $1.11. The consensus estimate for John Bean Technologies’ current full-year earnings is $5.15 per share. Seaport Res Ptn also issued estimates for John Bean Technologies’ Q4 2024 earnings at $1.84 EPS, FY2024 earnings at $5.08 EPS, Q1 2025 earnings at $0.96 EPS, Q2 2025 earnings at $1.32 EPS and Q4 2025 earnings at $2.06 EPS.

Separately, Robert W. Baird reaffirmed an “outperform” rating and set a $121.00 price target on shares of John Bean Technologies in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, John Bean Technologies has an average rating of “Moderate Buy” and an average price target of $121.00.

John Bean Technologies Stock Performance

NYSE:JBT opened at $90.18 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.27 and a debt-to-equity ratio of 0.43. John Bean Technologies has a fifty-two week low of $89.96 and a fifty-two week high of $125.88. The stock has a market cap of $2.87 billion, a PE ratio of 4.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.29. The firm’s fifty day simple moving average is $100.26 and its 200-day simple moving average is $101.14.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.04. John Bean Technologies had a net margin of 33.53% and a return on equity of 12.15%. The company had revenue of $444.60 million for the quarter, compared to analysts’ expectations of $445.81 million. During the same period in the previous year, the company posted $1.49 EPS. John Bean Technologies’s revenue was up .8% compared to the same quarter last year.

Hedge Funds Weigh In On John Bean Technologies

Hedge funds have recently added to or reduced their stakes in the business. Money Concepts Capital Corp purchased a new position in John Bean Technologies during the 4th quarter valued at about $29,000. Belpointe Asset Management LLC increased its holdings in John Bean Technologies by 124.0% during the 1st quarter. Belpointe Asset Management LLC now owns 392 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 217 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in John Bean Technologies during the 1st quarter valued at about $59,000. State of Wyoming purchased a new position in John Bean Technologies during the 2nd quarter valued at about $73,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in John Bean Technologies by 35.5% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 980 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 257 shares in the last quarter. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

John Bean Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. John Bean Technologies’s dividend payout ratio is presently 2.12%.

John Bean Technologies Company Profile

John Bean Technologies Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.