John Bean Technologies (NYSE:JBT) Releases Earnings Results, Beats Expectations By $0.09 EPS

John Bean Technologies (NYSE:JBT) issued its quarterly earnings results on Tuesday. The industrial products company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09, Briefing.com reports. The business had revenue of $453.80 million for the quarter, compared to analyst estimates of $442.20 million. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. John Bean Technologies’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company posted $1.11 earnings per share. John Bean Technologies updated its FY24 guidance to $5.05-5.35 EPS and its FY 2024 guidance to 5.050-5.350 EPS.

John Bean Technologies Price Performance

JBT opened at $112.15 on Thursday. The firm has a market cap of $3.57 billion, a P/E ratio of 5.98, a PEG ratio of 1.35 and a beta of 1.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.54. John Bean Technologies has a fifty-two week low of $82.64 and a fifty-two week high of $112.89. The firm has a 50-day moving average of $93.19 and a 200 day moving average of $93.77.

John Bean Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, August 19th. John Bean Technologies’s dividend payout ratio (DPR) is currently 2.13%.

About John Bean Technologies

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.