John Bean Technologies Co. to Post Q1 2024 Earnings of $0.82 Per Share, Seaport Res Ptn Forecasts (NYSE:JBT)

John Bean Technologies Co. (NYSE:JBT) – Analysts at Seaport Res Ptn decreased their Q1 2024 earnings per share (EPS) estimates for John Bean Technologies in a research report issued on Tuesday, April 16th. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will post earnings of $0.82 per share for the quarter, down from their previous estimate 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.

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

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

John Bean Technologies Stock Down 0.6 %

NYSE JBT opened at $89.61 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.27 and a quick ratio of 1.78. The stock has a market capitalization of $2.85 billion, a PE ratio of 4.76, a PEG ratio of 1.43 and a beta of 1.29. John Bean Technologies has a 1 year low of $88.97 and a 1 year high of $125.88. The business’s 50-day moving average is $100.02 and its 200 day moving average is $101.06.

Institutional Trading of John Bean Technologies

Several large investors have recently bought and sold shares of JBT. Vanguard Group Inc. lifted its holdings in shares of John Bean Technologies by 0.9% during the third quarter. Vanguard Group Inc. now owns 3,427,710 shares of the industrial products company’s stock valued at $294,782,000 after purchasing an additional 31,812 shares during the last quarter. Wellington Management Group LLP raised its stake in John Bean Technologies by 64.6% during the 1st quarter. Wellington Management Group LLP now owns 1,844,737 shares of the industrial products company’s stock valued at $218,546,000 after buying an additional 723,720 shares during the last quarter. State Street Corp raised its stake in John Bean Technologies by 3.7% during the 1st quarter. State Street Corp now owns 1,072,846 shares of the industrial products company’s stock valued at $127,100,000 after buying an additional 38,132 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in John Bean Technologies by 2.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 920,281 shares of the industrial products company’s stock valued at $91,522,000 after buying an additional 21,000 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in John Bean Technologies by 2.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 910,912 shares of the industrial products company’s stock valued at $99,554,000 after buying an additional 23,731 shares during the last quarter. 98.92% of the stock is owned by institutional investors.

John Bean Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a dividend of $0.10 per share. The ex-dividend date was Friday, March 8th. This represents a $0.40 annualized dividend and a yield of 0.45%. John Bean Technologies’s payout ratio is 2.12%.

About John Bean Technologies

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.