John Bean Technologies (NYSE:JBT) Updates FY 2022 Earnings Guidance

John Bean Technologies (NYSE:JBTGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $5.000-$5.300 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.770. The company issued revenue guidance of -.John Bean Technologies also updated its Q2 2022 guidance to $1.050-$1.200 EPS.

Several equities analysts recently weighed in on the stock. BMO Capital Markets reduced their target price on shares of John Bean Technologies from $165.00 to $150.00 in a report on Thursday, February 24th. TheStreet lowered shares of John Bean Technologies from a b rating to a c+ rating in a report on Monday, March 14th. StockNews.com assumed coverage on shares of John Bean Technologies in a report on Thursday, March 31st. They set a hold rating on the stock. Zacks Investment Research lowered shares of John Bean Technologies from a hold rating to a strong sell rating and set a $96.00 target price on the stock. in a report on Thursday, March 3rd. Finally, Wells Fargo & Company reduced their target price on shares of John Bean Technologies from $185.00 to $140.00 and set an overweight rating on the stock in a report on Thursday, February 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, John Bean Technologies currently has a consensus rating of Hold and a consensus target price of $133.40.

JBT stock traded down $6.28 during trading on Tuesday, reaching $102.47. The stock had a trading volume of 148,914 shares, compared to its average volume of 228,359. John Bean Technologies has a 1-year low of $98.57 and a 1-year high of $177.56. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $3.12 billion, a P/E ratio of 29.47, a PEG ratio of 1.53 and a beta of 1.58. The firm has a fifty day moving average price of $113.88 and a 200 day moving average price of $138.82.

John Bean Technologies (NYSE:JBTGet Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The industrial products company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.20). The firm had revenue of $497.60 million during the quarter, compared to analyst estimates of $519.39 million. John Bean Technologies had a return on equity of 18.38% and a net margin of 6.34%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 EPS. Sell-side analysts predict that John Bean Technologies will post 4.85 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 21st. Stockholders of record on Monday, March 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. John Bean Technologies’s dividend payout ratio (DPR) is presently 10.84%.

In other news, Director Caroline Maury Devine sold 300 shares of the company’s stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $112.92, for a total value of $33,876.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new stake in shares of John Bean Technologies in the 4th quarter valued at about $30,000. LPL Financial LLC grew its position in shares of John Bean Technologies by 10.1% during the 3rd quarter. LPL Financial LLC now owns 3,071 shares of the industrial products company’s stock valued at $432,000 after buying an additional 281 shares during the last quarter. Glenmede Trust Co. NA grew its position in shares of John Bean Technologies by 12.1% during the 4th quarter. Glenmede Trust Co. NA now owns 4,805 shares of the industrial products company’s stock valued at $737,000 after buying an additional 517 shares during the last quarter. Sei Investments Co. grew its position in shares of John Bean Technologies by 3.3% during the 4th quarter. Sei Investments Co. now owns 5,293 shares of the industrial products company’s stock valued at $809,000 after buying an additional 167 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of John Bean Technologies during the 4th quarter valued at about $1,279,000.

About John Bean Technologies (Get Rating)

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through two segments: JBT FoodTech and JBT AeroTech. It offers poultry processing, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, cooking, frying, freezing, weighing, X-ray food inspection, and food safety solutions.

See Also

Earnings History and Estimates for John Bean Technologies (NYSE:JBT)

Receive News & Ratings for John Bean Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies and related companies with MarketBeat.com's FREE daily email newsletter.