John Bean Technologies Co. Expected to Post Q2 2024 Earnings of $1.16 Per Share (NYSE:JBT)

John Bean Technologies Co. (NYSE:JBT) – Equities research analysts at Seaport Res Ptn increased their Q2 2024 earnings estimates for John Bean Technologies in a research report issued to clients and investors on Tuesday, April 16th. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will earn $1.16 per share for the quarter, up from their previous forecast 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.

Separately, Robert W. Baird restated an “outperform” rating and set 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.00.

John Bean Technologies Price Performance

Shares of John Bean Technologies stock opened at $89.61 on Wednesday. The company has a current ratio of 2.27, a quick ratio of 1.78 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $100.02 and its two-hundred day moving average price is $101.06. John Bean Technologies has a 52 week low of $88.97 and a 52 week high of $125.88. The stock has a market cap of $2.85 billion, a PE ratio of 4.76, a price-to-earnings-growth ratio of 1.43 and a beta of 1.29.

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

Institutional Investors Weigh In On John Bean Technologies

Several large investors have recently made changes to their positions in JBT. US Bancorp DE boosted its position in 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 worth $689,000 after purchasing an additional 200 shares during the period. HighTower Advisors LLC raised its stake in 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 worth $761,000 after acquiring an additional 282 shares in the last quarter. Private Advisor Group LLC raised its stake in John Bean Technologies by 6.7% during the first quarter. Private Advisor Group LLC now owns 2,992 shares of the industrial products company’s stock worth $354,000 after acquiring an additional 188 shares in the last quarter. Citigroup Inc. increased its stake in shares of John Bean Technologies by 11.5% in the first quarter. Citigroup Inc. now owns 30,180 shares of the industrial products company’s stock valued at $3,575,000 after buying an additional 3,120 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of 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 valued at $1,995,000 after buying an additional 6,030 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. John Bean Technologies’s payout ratio 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.