Q1 2024 EPS Estimates for John Bean Technologies Co. (NYSE:JBT) Decreased by Seaport Res Ptn

John Bean Technologies Co. (NYSE:JBT) – Stock analysts at Seaport Res Ptn lowered their Q1 2024 earnings estimates for John Bean Technologies in a research report issued on Tuesday, April 16th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings of $0.82 per share for the quarter, down from their prior forecast 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 analysts’ consensus estimates of $1.36 by $0.04. The firm had revenue of $444.60 million during the quarter, compared to the consensus estimate of $445.81 million. John Bean Technologies had a net margin of 33.53% and a return on equity of 12.15%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.49 earnings per share.

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

John Bean Technologies Stock Performance

John Bean Technologies stock opened at $90.18 on Thursday. The company has a market cap of $2.87 billion, a PE ratio of 4.79, a P/E/G ratio of 1.47 and a beta of 1.29. The company has a fifty day moving average price of $100.26 and a two-hundred day moving average price of $101.14. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.27 and a quick ratio of 1.78. John Bean Technologies has a 12 month low of $89.96 and a 12 month high of $125.88.

Hedge Funds Weigh In On John Bean Technologies

Several hedge funds and other institutional investors have recently modified their holdings of JBT. US Bancorp DE boosted its holdings in shares of John Bean Technologies by 3.6% during the first quarter. US Bancorp DE now owns 5,821 shares of the industrial products company’s stock valued at $689,000 after acquiring an additional 200 shares during the period. HighTower Advisors LLC boosted its holdings in shares of John Bean Technologies by 4.6% during the first quarter. HighTower Advisors LLC now owns 6,476 shares of the industrial products company’s stock valued at $761,000 after acquiring an additional 282 shares during the period. Private Advisor Group LLC lifted its holdings 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 worth $354,000 after purchasing an additional 188 shares during the period. Citigroup Inc. lifted its holdings in John Bean Technologies by 11.5% in the first quarter. Citigroup Inc. now owns 30,180 shares of the industrial products company’s stock worth $3,575,000 after purchasing an additional 3,120 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in John Bean Technologies by 55.8% in the first quarter. MetLife Investment Management LLC now owns 16,840 shares of the industrial products company’s stock worth $1,995,000 after purchasing an additional 6,030 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Friday, March 8th. John Bean Technologies’s dividend payout ratio (DPR) is 2.12%.

John Bean Technologies Company Profile

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.