Q2 2024 EPS Estimates for John Bean Technologies Co. (NYSE:JBT) Raised by Analyst

John Bean Technologies Co. (NYSE:JBT) – Seaport Res Ptn raised their Q2 2024 earnings per share estimates for shares of John Bean Technologies in a note issued to investors on Tuesday, April 16th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will earn $1.16 per share for the quarter, up from their previous estimate of $1.15. The consensus estimate for John Bean Technologies’ current full-year earnings is $5.15 per share. Seaport Res Ptn also issued estimates for John Bean Technologies’ Q3 2024 earnings at $1.26 EPS, Q3 2025 earnings at $1.43 EPS and FY2025 earnings at $5.77 EPS.

Separately, Robert W. Baird reiterated an “outperform” rating and issued a $121.00 target price 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.00.

John Bean Technologies Stock Performance

JBT stock opened at $90.18 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 2.27 and a debt-to-equity ratio of 0.43. The business’s fifty day simple moving average is $100.26 and its two-hundred day simple moving average is $101.14. John Bean Technologies has a twelve month low of $89.96 and a twelve month high of $125.88. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 4.79, a PEG ratio of 1.47 and a beta of 1.29.

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

Hedge Funds Weigh In On John Bean Technologies

Several institutional investors have recently made changes to their positions in the company. West Coast Financial LLC increased its stake in shares of John Bean Technologies by 0.4% during the first quarter. West Coast Financial LLC now owns 82,215 shares of the industrial products company’s stock valued at $8,624,000 after buying an additional 300 shares during the period. Moody National Bank Trust Division purchased a new position in shares of John Bean Technologies during the first quarter valued at $281,000. Confluence Investment Management LLC purchased a new position in shares of John Bean Technologies during the first quarter valued at $3,386,000. Quadrature Capital Ltd boosted its position in John Bean Technologies by 330.2% during the fourth quarter. Quadrature Capital Ltd now owns 27,145 shares of the industrial products company’s stock valued at $2,705,000 after purchasing an additional 20,835 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in John Bean Technologies during the fourth quarter valued at about $3,481,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. John Bean Technologies’s dividend payout ratio is currently 2.12%.

John Bean Technologies Company Profile

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.