Equities analysts expect John Bean Technologies Corp (NYSE:JBT) to announce sales of $486.80 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for John Bean Technologies’ earnings, with the lowest sales estimate coming in at $473.90 million and the highest estimate coming in at $498.82 million. John Bean Technologies reported sales of $420.80 million in the same quarter last year, which indicates a positive year-over-year growth rate of 15.7%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, October 31st.

On average, analysts expect that John Bean Technologies will report full year sales of $1.91 billion for the current financial year, with estimates ranging from $1.89 billion to $1.93 billion. For the next year, analysts anticipate that the company will post sales of $1.99 billion, with estimates ranging from $1.95 billion to $2.04 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow John Bean Technologies.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.19. John Bean Technologies had a return on equity of 26.58% and a net margin of 4.43%. The firm had revenue of $491.30 million for the quarter, compared to analysts’ expectations of $474.59 million. During the same period in the previous year, the firm earned $0.58 EPS. The business’s quarterly revenue was up 27.2% on a year-over-year basis.

A number of research firms have recently weighed in on JBT. ValuEngine raised John Bean Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Zacks Investment Research raised John Bean Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. BMO Capital Markets boosted their price target on John Bean Technologies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, July 31st. JPMorgan Chase & Co. cut John Bean Technologies from a “neutral” rating to an “underweight” rating and set a $88.00 price target on the stock. in a report on Friday, September 21st. Finally, TheStreet raised John Bean Technologies from a “c+” rating to an “a-” rating in a report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. John Bean Technologies currently has an average rating of “Hold” and a consensus target price of $106.14.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp lifted its holdings in John Bean Technologies by 2.1% in the 2nd quarter. Northern Trust Corp now owns 413,468 shares of the industrial products company’s stock worth $36,757,000 after purchasing an additional 8,547 shares in the last quarter. Global X Management Co LLC lifted its holdings in John Bean Technologies by 6.6% in the 2nd quarter. Global X Management Co LLC now owns 598,799 shares of the industrial products company’s stock worth $53,233,000 after purchasing an additional 36,836 shares in the last quarter. Carnegie Capital Asset Management LLC bought a new stake in John Bean Technologies in the 2nd quarter worth approximately $239,000. Jane Street Group LLC increased its stake in John Bean Technologies by 156.5% in the 2nd quarter. Jane Street Group LLC now owns 8,354 shares of the industrial products company’s stock worth $743,000 after acquiring an additional 5,097 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in John Bean Technologies by 266.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 18,985 shares of the industrial products company’s stock worth $492,000 after acquiring an additional 13,805 shares during the last quarter.

Shares of JBT stock traded down $2.44 during trading hours on Monday, reaching $104.11. 195,000 shares of the company traded hands, compared to its average volume of 198,251. John Bean Technologies has a 12-month low of $84.81 and a 12-month high of $123.90. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 1.06. The stock has a market cap of $3.77 billion, a P/E ratio of 33.58, a PEG ratio of 1.84 and a beta of 1.18.

John Bean Technologies Company Profile

John Bean Technologies Corporation designs, manufactures, tests, installs, and services products and systems for the food and beverage, and air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing solutions, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.

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Earnings History and Estimates for John Bean Technologies (NYSE:JBT)

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