John Bean Technologies Corporation (JBT) Receiving Somewhat Positive News Coverage, Accern Reports
Press coverage about John Bean Technologies Corporation (NYSE:JBT) has been trending somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. John Bean Technologies Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.7569469097749 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Analyzing John Bean Technologies Corporation (JBT) & Its Peers (americanbankingnews.com)
- Latest Skybridge Market Study Focuses on Top Manufacturers in Global market with Production, Price and Revenue 2017 (abnewswire.com)
- John Bean Technologies Corp Reaches Analyst Target Price (nasdaq.com)
- John Bean Technologies Corporation (JBT) Scheduled to Post Earnings on Monday (americanbankingnews.com)
- Airport Stands Equipment Global Market, Data Validation, Analysis and Forecasts to 2023 (emailwire.com)
Shares of John Bean Technologies Corporation (NYSE JBT) opened at 104.00 on Tuesday. The company has a market cap of $3.29 billion, a P/E ratio of 40.28 and a beta of 1.35. John Bean Technologies Corporation has a 12 month low of $71.85 and a 12 month high of $104.90. The stock’s 50 day moving average is $95.88 and its 200 day moving average is $91.22.
John Bean Technologies Corporation (NYSE:JBT) last released its earnings results on Monday, July 31st. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.07. John Bean Technologies Corporation had a net margin of 5.32% and a return on equity of 29.18%. The company had revenue of $386.10 million for the quarter, compared to the consensus estimate of $381.49 million. During the same quarter in the previous year, the company earned $0.67 EPS. John Bean Technologies Corporation’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, analysts anticipate that John Bean Technologies Corporation will post $3.03 EPS for the current fiscal year.
Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research lowered shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Robert W. Baird set a $101.00 target price on shares of John Bean Technologies Corporation and gave the company a “buy” rating in a research note on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $99.33.
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In related news, EVP Steven R. Smith sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $86.78, for a total transaction of $867,800.00. Following the transaction, the executive vice president now owns 50,811 shares in the company, valued at approximately $4,409,378.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Caroline Maury Devine sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $88.16, for a total transaction of $176,320.00. Following the transaction, the director now owns 48,592 shares in the company, valued at approximately $4,283,870.72. The disclosure for this sale can be found here. Insiders have sold a total of 15,103 shares of company stock worth $1,314,919 in the last quarter. 1.81% of the stock is owned by corporate insiders.
John Bean Technologies Corporation Company Profile
John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.
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