John Bean Technologies (JBT) Set to Announce Quarterly Earnings on Wednesday

John Bean Technologies (NYSE:JBT – Get Rating) will issue its quarterly earnings data after the market closes on Wednesday, July 27th. Analysts expect the company to announce earnings of $1.18 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

John Bean Technologies (NYSE:JBT – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The industrial products company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.31. The business had revenue of $469.20 million for the quarter, compared to analyst estimates of $440.64 million. John Bean Technologies had a return on equity of 17.57% and a net margin of 6.09%. During the same period last year, the firm posted $0.90 earnings per share. On average, analysts expect John Bean Technologies to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

John Bean Technologies Stock Performance

NYSE:JBT opened at $111.26 on Wednesday. The stock’s 50-day simple moving average is $113.90 and its 200 day simple moving average is $120.35. The firm has a market capitalization of $3.54 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 1.31 and a beta of 1.46. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. John Bean Technologies has a twelve month low of $98.57 and a twelve month high of $177.56.

John Bean Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 9th. Investors of record on Thursday, May 26th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date was Wednesday, May 25th. John Bean Technologies’s dividend payout ratio (DPR) is presently 10.96%.

Insider Transactions at John Bean Technologies

In other news, Director Caroline Maury Devine sold 300 shares of the business’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $108.66, for a total transaction of $32,598.00. Following the sale, the director now directly owns 47,949 shares in the company, valued at $5,210,138.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 900 shares of company stock worth $99,978. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On John Bean Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new position in shares of John Bean Technologies in the first quarter worth approximately $59,000. Captrust Financial Advisors lifted its stake in shares of John Bean Technologies by 201.2% in the first quarter. Captrust Financial Advisors now owns 1,208 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 807 shares during the period. Graham Capital Management L.P. acquired a new position in shares of John Bean Technologies in the first quarter worth approximately $259,000. Lido Advisors LLC acquired a new position in shares of John Bean Technologies in the first quarter worth approximately $345,000. Finally, Private Advisor Group LLC lifted its stake in John Bean Technologies by 6.7% in the first quarter. Private Advisor Group LLC now owns 2,992 shares of the industrial products company’s stock valued at $354,000 after buying an additional 188 shares during the period.

Analyst Ratings Changes

JBT has been the topic of several research analyst reports. StockNews.com initiated coverage on John Bean Technologies in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Robert W. Baird reduced their price target on John Bean Technologies from $143.00 to $140.00 in a report on Wednesday, April 27th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, John Bean Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

About John Bean Technologies

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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.