$373.67 Million in Sales Expected for John Bean Technologies Corp (JBT) This Quarter

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.

Several equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of John Bean Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Bank of America lowered shares of John Bean Technologies from a “neutral” rating to an “underperform” rating in a report on Friday, December 8th. Wells Fargo set a $130.00 target price on shares of John Bean Technologies and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, BMO Capital Markets boosted their target price on shares of John Bean Technologies to $125.00 and gave the company an “outperform” rating in a report on Monday, March 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $110.57.

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%.

WARNING: “$373.67 Million in Sales Expected for John Bean Technologies Corp (JBT) This Quarter” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://sportsperspectives.com/2018/03/23/373-67-million-in-sales-expected-for-john-bean-technologies-corp-jbt-this-quarter.html.

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.

Get a free copy of the Zacks research report on John Bean Technologies (JBT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for John Bean Technologies (NYSE:JBT)

Receive News & Ratings for John Bean Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply