Zacks: Analysts Expect John Bean Technologies Co. (NYSE:JBT) Will Post Earnings of $1.19 Per Share

Analysts predict that John Bean Technologies Co. (NYSE:JBTGet Rating) will report $1.19 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for John Bean Technologies’ earnings. The highest EPS estimate is $1.20 and the lowest is $1.16. John Bean Technologies also reported earnings of $1.19 per share in the same quarter last year. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that John Bean Technologies will report full-year earnings of $5.14 per share for the current fiscal year, with EPS estimates ranging from $5.04 to $5.25. For the next fiscal year, analysts expect that the company will post earnings of $6.14 per share, with EPS estimates ranging from $5.41 to $6.60. Zacks’ EPS calculations are an average based on a survey of research analysts that cover John Bean Technologies.

John Bean Technologies (NYSE:JBTGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.56 by $0.31. John Bean Technologies had a net margin of 6.09% and a return on equity of 17.57%. During the same period last year, the firm posted $0.90 earnings per share.

A number of research firms have recently issued reports on JBT. Wells Fargo & Company dropped their target price on shares of John Bean Technologies from $185.00 to $140.00 and set an “overweight” rating for the company in a report on Thursday, February 24th. Robert W. Baird dropped their target price on shares of John Bean Technologies from $143.00 to $140.00 in a report on Wednesday, April 27th. BMO Capital Markets dropped their target price on shares of John Bean Technologies from $165.00 to $150.00 in a report on Thursday, February 24th. 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 for the company. in a report on Thursday, March 3rd. Finally, StockNews.com began coverage on shares of John Bean Technologies in a report on Thursday, March 31st. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $131.20.

Shares of NYSE JBT opened at $113.56 on Tuesday. The firm has a market cap of $3.61 billion, a PE ratio of 31.11, a PEG ratio of 1.30 and a beta of 1.48. The firm has a fifty day moving average of $113.36 and a 200 day moving average of $136.08. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 1.30. John Bean Technologies has a one year low of $98.57 and a one year high of $177.56.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 21st. Investors of record on Monday, March 7th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, March 4th. John Bean Technologies’s dividend payout ratio is currently 10.96%.

In related news, Director Caroline Maury Devine sold 300 shares of the company’s stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $108.18, for a total value of $32,454.00. Following the completion of the sale, the director now owns 47,404 shares of the company’s stock, valued at $5,128,164.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of JBT. Norges Bank acquired a new position in John Bean Technologies in the fourth quarter valued at about $46,559,000. American Century Companies Inc. acquired a new stake in shares of John Bean Technologies during the third quarter worth about $30,397,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of John Bean Technologies during the fourth quarter worth about $28,724,000. Royal Bank of Canada lifted its position in shares of John Bean Technologies by 163.5% during the third quarter. Royal Bank of Canada now owns 173,639 shares of the industrial products company’s stock worth $24,405,000 after purchasing an additional 107,754 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of John Bean Technologies by 367.8% during the third quarter. Barclays PLC now owns 115,198 shares of the industrial products company’s stock worth $16,191,000 after purchasing an additional 90,572 shares in the last quarter.

John Bean Technologies Company Profile (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.

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

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