Somewhat Positive Media Coverage Somewhat Unlikely to Impact John Bean Technologies Corporation (NYSE:JBT) Stock Price
Headlines about John Bean Technologies Corporation (NYSE:JBT) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing 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 daily sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 47.0722687183579 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities research analysts have recently weighed in on JBT shares. BidaskClub lowered shares of John Bean Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of John Bean Technologies Corporation from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, May 3rd. J P Morgan Chase & Co started coverage on shares of John Bean Technologies Corporation in a research note on Friday, June 2nd. They set a “neutral” rating and a $88.00 target price on the stock. Finally, Bank of America Corporation started coverage on shares of John Bean Technologies Corporation in a research note on Thursday, May 18th. They set a “neutral” rating and a $89.00 target price on the stock. 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 stock currently has a consensus rating of “Hold” and an average price target of $99.86.
John Bean Technologies Corporation (NYSE JBT) traded up 1.40% during midday trading on Friday, reaching $90.45. 145,718 shares of the company traded hands. John Bean Technologies Corporation has a one year low of $64.28 and a one year high of $99.20. The stock has a market capitalization of $2.86 billion, a P/E ratio of 35.03 and a beta of 1.32. The company has a 50 day moving average price of $92.92 and a 200-day moving average price of $89.06.
John Bean Technologies Corporation (NYSE:JBT) last posted its earnings results on Monday, July 31st. The industrial products company reported $0.58 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 during the quarter, compared to analysts’ expectations of $381.49 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. John Bean Technologies Corporation’s revenue for the quarter was up 17.4% compared to the same quarter last year. Analysts forecast that John Bean Technologies Corporation will post $3.03 EPS for the current fiscal year.
The company also recently announced a dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be given a dividend of $0.10 per share. This is a boost from John Bean Technologies Corporation’s previous dividend of $0.09. The ex-dividend date of this dividend is Thursday, August 17th. John Bean Technologies Corporation’s dividend payout ratio is presently 15.44%.
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.
Receive News & Ratings for John Bean Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.