John Bean Technologies (NYSE:JBT) Announces Earnings Results

John Bean Technologies (NYSE:JBT) issued its quarterly earnings results on Tuesday. The industrial products company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09, Briefing.com reports. John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. The firm had revenue of $453.80 million for the quarter, compared to analyst estimates of $442.20 million. During the same quarter in the prior year, the firm earned $1.11 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. John Bean Technologies updated its FY24 guidance to $5.05-5.35 EPS and its FY 2024 guidance to 5.050-5.350 EPS.

John Bean Technologies Stock Performance

NYSE:JBT opened at $95.14 on Wednesday. John Bean Technologies has a 1-year low of $82.64 and a 1-year high of $109.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.54 and a quick ratio of 1.96. The business has a 50 day moving average of $92.70 and a 200 day moving average of $93.64. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 5.08, a PEG ratio of 1.35 and a beta of 1.25.

John Bean Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Monday, August 19th. John Bean Technologies’s payout ratio is currently 2.13%.

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.