Zacks: Analysts Expect John Bean Technologies Corp (JBT) to Post $1.11 EPS
Wall Street brokerages expect that John Bean Technologies Corp (NYSE:JBT) will report earnings of $1.11 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for John Bean Technologies’ earnings. The lowest EPS estimate is $1.09 and the highest is $1.15. John Bean Technologies posted earnings of $0.82 per share during the same quarter last year, which suggests a positive year over year growth rate of 35.4%. The company is expected to report its next earnings report on Monday, October 22nd.
On average, analysts expect that John Bean Technologies will report full-year earnings of $4.02 per share for the current fiscal year, with EPS estimates ranging from $3.95 to $4.10. For the next financial year, analysts anticipate that the company will report earnings of $4.52 per share, with EPS estimates ranging from $4.20 to $4.75. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for John Bean Technologies.
John Bean Technologies (NYSE:JBT) last issued its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.19. The company had revenue of $491.30 million for the quarter, compared to analyst estimates of $474.59 million. John Bean Technologies had a net margin of 4.43% and a return on equity of 26.58%. The company’s revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share.
Shares of JBT traded down $1.25 during trading hours on Wednesday, hitting $121.80. The company had a trading volume of 7,569 shares, compared to its average volume of 199,317. The firm has a market capitalization of $3.75 billion, a PE ratio of 39.26, a PEG ratio of 1.83 and a beta of 1.21. John Bean Technologies has a 12 month low of $84.81 and a 12 month high of $123.68. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.33 and a quick ratio of 0.80.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Monday, August 20th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. This is a positive change from John Bean Technologies’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, August 17th. John Bean Technologies’s dividend payout ratio (DPR) is currently 12.90%.
Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in John Bean Technologies by 2.4% during the first quarter. Principal Financial Group Inc. now owns 262,916 shares of the industrial products company’s stock worth $29,815,000 after buying an additional 6,135 shares in the last quarter. Allianz Asset Management GmbH grew its stake in John Bean Technologies by 6.1% during the first quarter. Allianz Asset Management GmbH now owns 85,652 shares of the industrial products company’s stock worth $9,713,000 after buying an additional 4,918 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in John Bean Technologies during the first quarter worth about $893,000. Avalon Advisors LLC grew its stake in John Bean Technologies by 10.5% during the first quarter. Avalon Advisors LLC now owns 12,932 shares of the industrial products company’s stock worth $1,466,000 after buying an additional 1,230 shares in the last quarter. Finally, Profit Investment Management LLC acquired a new stake in John Bean Technologies during the second quarter worth about $2,355,000.
About John Bean Technologies
John Bean Technologies Corporation designs, manufactures, tests, installs, and services products and systems for the food and beverage, and air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing solutions, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.
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