John Bean Technologies Corporation (JBT) To Go Ex-Dividend on December 15th
John Bean Technologies Corporation (NYSE:JBT) announced a quarterly dividend on Wednesday, December 6th, NASDAQ reports. Investors of record on Monday, December 18th will be paid a dividend of 0.10 per share by the industrial products company on Friday, December 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Friday, December 15th.
John Bean Technologies has increased its dividend payment by an average of 5.6% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. John Bean Technologies has a dividend payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect John Bean Technologies to earn $3.69 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.8%.
Shares of John Bean Technologies (JBT) opened at $110.55 on Thursday. The stock has a market capitalization of $3,474.03, a P/E ratio of 38.75, a P/E/G ratio of 2.45 and a beta of 1.35. John Bean Technologies has a 12-month low of $80.70 and a 12-month high of $120.55. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.82 and a current ratio of 1.28.
John Bean Technologies (NYSE:JBT) last issued its earnings results on Monday, October 23rd. The industrial products company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.04. The firm had revenue of $420.80 million for the quarter, compared to the consensus estimate of $414.17 million. John Bean Technologies had a return on equity of 25.51% and a net margin of 5.41%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. analysts forecast that John Bean Technologies will post 3.07 EPS for the current fiscal year.
A number of brokerages have weighed in on JBT. Zacks Investment Research downgraded John Bean Technologies from a “buy” rating to a “hold” rating in a report on Wednesday. Bank of America downgraded John Bean Technologies from a “neutral” rating to an “underperform” rating in a report on Friday, December 8th. Finally, Robert W. Baird raised their target price on John Bean Technologies from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $105.57.
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John Bean Technologies 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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