Analysts expect John Bean Technologies Corp (NYSE:JBT) to announce sales of $373.67 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for John Bean Technologies’ earnings. The lowest sales estimate is $368.20 million and the highest is $376.24 million. John Bean Technologies reported sales of $344.50 million during the same quarter last year, which indicates a positive year over year growth rate of 8.5%. The company is scheduled to report its next earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that John Bean Technologies will report full-year sales of $373.67 million for the current fiscal year, with estimates ranging from $1.81 billion to $1.85 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.97 billion per share, with estimates ranging from $1.93 billion to $2.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow John Bean Technologies.
John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Monday, February 26th. The industrial products company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. The firm had revenue of $483.70 million for the quarter, compared to analyst estimates of $470.35 million. John Bean Technologies had a net margin of 4.92% and a return on equity of 23.93%. John Bean Technologies’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share.
A number of large investors have recently bought and sold shares of JBT. Cambridge Investment Research Advisors Inc. acquired a new position in shares of John Bean Technologies in the 4th quarter worth approximately $201,000. BB&T Corp acquired a new position in shares of John Bean Technologies in the 4th quarter worth approximately $206,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of John Bean Technologies by 43.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the industrial products company’s stock worth $212,000 after acquiring an additional 581 shares during the last quarter. Carnegie Capital Asset Management LLC acquired a new position in shares of John Bean Technologies in the 4th quarter worth approximately $244,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in shares of John Bean Technologies in the 4th quarter worth approximately $245,000.
JBT stock traded down $3.65 during trading hours on Thursday, reaching $115.80. 134,405 shares of the company’s stock traded hands, compared to its average volume of 139,398. The company has a quick ratio of 0.90, a current ratio of 1.33 and a debt-to-equity ratio of 0.84. The firm has a market cap of $3,790.84, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. John Bean Technologies has a 12 month low of $82.45 and a 12 month high of $122.65.
The company also recently announced a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Monday, March 5th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.35%. This is a positive change from John Bean Technologies’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, March 2nd. John Bean Technologies’s payout ratio is presently 15.81%.
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About John Bean Technologies
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.
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