Zacks Research Equities Analysts Reduce Earnings Estimates for John Bean Technologies Co. (NYSE:JBT)

John Bean Technologies Co. (NYSE:JBT) – Equities research analysts at Zacks Research lowered their FY2025 earnings estimates for John Bean Technologies in a report issued on Tuesday, March 26th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings per share of $5.44 for the year, down from their previous estimate of $5.45. The consensus estimate for John Bean Technologies’ current full-year earnings is $5.17 per share. Zacks Research also issued estimates for John Bean Technologies’ FY2026 earnings at $5.87 EPS.

Separately, Robert W. Baird reissued an “outperform” rating and set a $121.00 price target on shares of John Bean Technologies in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, John Bean Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

John Bean Technologies Price Performance

JBT opened at $105.00 on Wednesday. John Bean Technologies has a one year low of $89.96 and a one year high of $125.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.27 and a quick ratio of 1.78. The company’s 50 day simple moving average is $101.34 and its 200-day simple moving average is $102.13. The stock has a market capitalization of $3.34 billion, a P/E ratio of 5.58, a price-to-earnings-growth ratio of 1.58 and a beta of 1.29.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.04. John Bean Technologies had a net margin of 33.53% and a return on equity of 12.15%. The company had revenue of $444.60 million during the quarter, compared to analyst estimates of $445.81 million. During the same quarter last year, the business posted $1.49 earnings per share. The company’s revenue was up .8% on a year-over-year basis.

Hedge Funds Weigh In On John Bean Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of JBT. Money Concepts Capital Corp bought a new position in John Bean Technologies in the fourth quarter valued at approximately $29,000. Pinebridge Investments L.P. bought a new position in John Bean Technologies in the second quarter valued at approximately $41,000. Belpointe Asset Management LLC boosted its stake in John Bean Technologies by 124.0% in the first quarter. Belpointe Asset Management LLC now owns 392 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 217 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in John Bean Technologies in the first quarter valued at approximately $59,000. Finally, State of Wyoming bought a new position in John Bean Technologies in the second quarter valued at approximately $73,000. 98.92% of the stock is owned by institutional investors.

John Bean Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. John Bean Technologies’s payout ratio is presently 2.12%.

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.