John Bean Technologies (NYSE:JBT – Get Free Report) released its quarterly earnings data on Wednesday. The industrial products company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03, Briefing.com reports. John Bean Technologies had a return on equity of 12.15% and a net margin of 33.53%. The business had revenue of $392.30 million for the quarter, compared to the consensus estimate of $396.55 million. During the same quarter in the prior year, the business posted $0.94 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. John Bean Technologies updated its FY24 guidance to $5.05-5.45 EPS and its FY 2024 guidance to 5.050-5.450 EPS.
John Bean Technologies Stock Performance
Shares of JBT traded up $0.67 during mid-day trading on Thursday, hitting $89.51. 132,508 shares of the company’s stock were exchanged, compared to its average volume of 217,438. John Bean Technologies has a fifty-two week low of $88.03 and a fifty-two week high of $125.88. The business’s 50 day moving average is $97.83 and its two-hundred day moving average is $100.22. The company has a current ratio of 2.27, a quick ratio of 1.78 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $2.85 billion, a P/E ratio of 4.71, a P/E/G ratio of 1.43 and a beta of 1.29.
John Bean Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Friday, March 8th. John Bean Technologies’s dividend payout ratio is currently 2.12%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on JBT
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.
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