Somewhat Favorable Press Coverage Somewhat Unlikely to Impact John Bean Technologies Corporation (JBT) Stock Price
Media coverage about John Bean Technologies Corporation (NYSE:JBT) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. John Bean Technologies Corporation earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.4237644362303 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Insider Selling: John Bean Technologies Corporation (JBT) EVP Sells 10,000 Shares of Stock (americanbankingnews.com)
- John Bean Technologies Corporation (JBT) & Amtech Systems (ASYS) Critical Survey (topix.com)
- John Bean Technologies Corporation (JBT) Given “Buy” Rating at Robert W. Baird (americanbankingnews.com)
- Caroline Maury Devine Sells 2,000 Shares of John Bean Technologies Corporation (JBT) Stock (americanbankingnews.com)
John Bean Technologies Corporation (NYSE JBT) opened at 87.20 on Wednesday. The company has a market capitalization of $2.76 billion, a PE ratio of 33.77 and a beta of 1.32. John Bean Technologies Corporation has a 12-month low of $64.28 and a 12-month high of $99.20. The company has a 50 day moving average price of $90.97 and a 200-day moving average price of $89.15.
John Bean Technologies Corporation (NYSE:JBT) last posted its quarterly earnings data 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 return on equity of 29.18% and a net margin of 5.32%. The firm had revenue of $386.10 million during the quarter, compared to analysts’ expectations of $381.49 million. During the same period in the prior year, the business earned $0.67 EPS. The company’s revenue for the quarter 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 year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be issued a $0.10 dividend. This is a boost from John Bean Technologies Corporation’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Thursday, August 17th. John Bean Technologies Corporation’s dividend payout ratio is presently 15.44%.
A number of research analysts recently issued reports on JBT shares. BidaskClub raised John Bean Technologies Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Zacks Investment Research raised John Bean Technologies Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Bank of America Corporation started coverage on John Bean Technologies Corporation in a report on Thursday, May 18th. They issued a “neutral” rating and a $89.00 price target for the company. J P Morgan Chase & Co started coverage on John Bean Technologies Corporation in a report on Friday, June 2nd. They issued a “neutral” rating and a $88.00 price target for the company. Finally, Robert W. Baird set a $101.00 price target on John Bean Technologies Corporation and gave the company a “buy” rating in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $99.86.
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In other news, VP Megan J. Rattigan sold 3,103 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $87.27, for a total value of $270,798.81. Following the completion of the transaction, the vice president now directly owns 26,091 shares in the company, valued at approximately $2,276,961.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven R. Smith sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $86.78, for a total value of $867,800.00. Following the completion of the transaction, the executive vice president now owns 50,811 shares of the company’s stock, valued at $4,409,378.58. The disclosure for this sale can be found here. Insiders sold a total of 15,103 shares of company stock valued at $1,314,919 over the last quarter. Company insiders own 1.81% of the company’s stock.
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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