John Bean Technologies (JBT) Scheduled to Post Earnings on Tuesday

John Bean Technologies (NYSE:JBT) is set to release its earnings data on Tuesday, April 23rd.

John Bean Technologies (NYSE:JBT) last announced its earnings results on Wednesday, February 21st. The industrial products company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.04. The business had revenue of $444.60 million during the quarter, compared to the consensus estimate of $445.81 million. John Bean Technologies had a net margin of 33.53% and a return on equity of 12.15%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 earnings per share. On average, analysts expect John Bean Technologies to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

John Bean Technologies Trading Up 2.2 %

NYSE JBT opened at $91.71 on Monday. The firm has a market cap of $2.92 billion, a PE ratio of 4.87, a price-to-earnings-growth ratio of 1.45 and a beta of 1.29. John Bean Technologies has a 52 week low of $88.97 and a 52 week high of $125.88. 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 company has a 50 day moving average price of $99.79 and a 200 day moving average price of $100.94.

John Bean Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.44%. The ex-dividend date was Friday, March 8th. John Bean Technologies’s dividend payout ratio (DPR) is 2.12%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird reaffirmed an “outperform” rating and issued a $121.00 target price on shares of John Bean Technologies in a report on Monday, January 22nd. One analyst has rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, John Bean Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

Institutional Trading of John Bean Technologies

A number of institutional investors have recently bought and sold shares of the company. Money Concepts Capital Corp acquired a new stake in John Bean Technologies in the 4th quarter valued at about $29,000. Belpointe Asset Management LLC boosted its stake in shares of John Bean Technologies by 124.0% during the 1st quarter. Belpointe Asset Management LLC now owns 392 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 217 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in John Bean Technologies in the 1st quarter valued at $59,000. State of Wyoming purchased a new position in John Bean Technologies during the second quarter worth about $73,000. Finally, Captrust Financial Advisors raised its stake in John Bean Technologies by 201.2% during the first quarter. Captrust Financial Advisors now owns 1,208 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 807 shares during the period. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

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.