John Bean Technologies Corporation (JBT) Scheduled to Post Quarterly Earnings on Monday
John Bean Technologies Corporation (NYSE:JBT) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 23rd. Analysts expect the company to announce earnings of $0.81 per share for the quarter. John Bean Technologies Corporation has set its Q3 guidance at $0.76 to $0.79 EPS and its FY17 guidance at $2.95 to $3.10 EPS.
John Bean Technologies Corporation (NYSE:JBT) last issued its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $381.49 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. On average, analysts expect John Bean Technologies Corporation to post $3.03 EPS for the current fiscal year and $3.62 EPS for the next fiscal year.
John Bean Technologies Corporation (NYSE JBT) opened at 103.95 on Friday. The company has a 50-day moving average of $97.88 and a 200-day moving average of $91.74. The stock has a market cap of $3.29 billion, a P/E ratio of 40.26 and a beta of 1.35. John Bean Technologies Corporation has a 52 week low of $71.85 and a 52 week high of $104.90.
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In other news, Director Caroline Maury Devine sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $88.16, for a total transaction of $176,320.00. Following the completion of the transaction, the director now directly owns 48,592 shares in the company, valued at approximately $4,283,870.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Megan J. Rattigan sold 3,103 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $87.27, for a total value of $270,798.81. Following the transaction, the vice president now owns 26,091 shares of the company’s stock, valued at $2,276,961.57. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,103 shares of company stock valued at $1,314,919. Company insiders own 1.81% of the company’s stock.
A number of equities analysts have weighed in on the company. BidaskClub upgraded John Bean Technologies Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Zacks Investment Research cut 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 price target on John Bean Technologies Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $99.33.
About John Bean Technologies Corporation
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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