Q4 EPS Estimate for John Bean Technologies Raised by Analyst

John Bean Technologies Co. (NYSE:JBT) – Investment analysts at William Blair upped their Q4 2024 EPS estimates for John Bean Technologies in a research report issued on Wednesday, October 23rd. William Blair analyst R. Sparenblek now forecasts that the industrial products company will post earnings of $1.85 per share for the quarter, up from their prior estimate of $1.84. The consensus estimate for John Bean Technologies’ current full-year earnings is $5.18 per share.

John Bean Technologies Price Performance

Shares of NYSE JBT opened at $118.02 on Friday. The stock has a fifty day moving average price of $93.77 and a 200 day moving average price of $93.93. John Bean Technologies has a 1-year low of $82.64 and a 1-year high of $118.27. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.54 and a quick ratio of 1.96. The company has a market cap of $3.76 billion, a PE ratio of 6.30, a P/E/G ratio of 1.35 and a beta of 1.25.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The firm had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.11 EPS.

John Bean Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Monday, August 19th. John Bean Technologies’s dividend payout ratio is presently 2.13%.

Hedge Funds Weigh In On John Bean Technologies

A number of large investors have recently modified their holdings of JBT. Diversified Trust Co raised its position in John Bean Technologies by 36.6% in the first quarter. Diversified Trust Co now owns 13,216 shares of the industrial products company’s stock worth $1,386,000 after acquiring an additional 3,541 shares in the last quarter. Pullen Investment Management LLC purchased a new position in shares of John Bean Technologies in the 1st quarter valued at about $437,000. Texas Permanent School Fund Corp lifted its stake in shares of John Bean Technologies by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 27,865 shares of the industrial products company’s stock valued at $2,923,000 after purchasing an additional 360 shares during the period. Duality Advisers LP boosted its stake in shares of John Bean Technologies by 20.6% during the 1st quarter. Duality Advisers LP now owns 4,655 shares of the industrial products company’s stock worth $488,000 after acquiring an additional 796 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of John Bean Technologies during the 1st quarter worth $238,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

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.