Q2 2024 EPS Estimates for John Bean Technologies Co. (NYSE:JBT) Raised by Analyst

John Bean Technologies Co. (NYSE:JBT) – Analysts at Seaport Res Ptn increased their Q2 2024 earnings per share estimates for John Bean Technologies in a report issued on Tuesday, April 16th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings of $1.16 per share for the quarter, up from their previous estimate of $1.15. 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’ Q3 2024 earnings at $1.26 EPS, Q3 2025 earnings at $1.43 EPS and FY2025 earnings at $5.77 EPS.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.04. John Bean Technologies had a return on equity of 12.15% and a net margin of 33.53%. The firm had revenue of $444.60 million during the quarter, compared to analysts’ expectations of $445.81 million. During the same period in the previous year, the firm posted $1.49 earnings per share. John Bean Technologies’s revenue was up .8% on a year-over-year basis.

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

John Bean Technologies Stock Performance

NYSE JBT opened at $90.18 on Wednesday. John Bean Technologies has a fifty-two week low of $89.96 and a fifty-two week high of $125.88. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 4.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.29. The business has a fifty day moving average of $100.26 and a 200-day moving average of $101.14. The company has a quick ratio of 1.78, a current ratio of 2.27 and a debt-to-equity ratio of 0.43.

John Bean Technologies Dividend Announcement

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

Hedge Funds Weigh In On John Bean Technologies

Institutional investors have recently made changes to their positions in the stock. Money Concepts Capital Corp acquired a new position in John Bean Technologies in the fourth quarter valued at $29,000. Belpointe Asset Management LLC increased its stake in John Bean Technologies by 124.0% in the first quarter. Belpointe Asset Management LLC now owns 392 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 217 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in John Bean Technologies during the first quarter valued at about $59,000. State of Wyoming purchased a new stake in John Bean Technologies during the second quarter valued at about $73,000. Finally, GPS Wealth Strategies Group LLC grew its position in John Bean Technologies by 35.5% during the third quarter. GPS Wealth Strategies Group LLC now owns 980 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 257 shares during the period. 98.92% of the stock is owned by institutional investors and hedge funds.

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.