Brokerages expect John Bean Technologies Corp (NYSE:JBT) to report $373.67 million in sales for the current quarter, Zacks reports. Five analysts have provided 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 would suggest a positive year over year growth rate of 8.5%. The business is expected to report its next earnings report on Tuesday, April 24th.
On average, 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 year, analysts forecast that the firm 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 sell-side research analysts that that provide coverage for John Bean Technologies.
John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Monday, February 26th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.02. The business 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 revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 EPS.
Shares of John Bean Technologies (NYSE JBT) traded up $1.45 during midday trading on Thursday, reaching $121.80. 333,432 shares of the company were exchanged, compared to its average volume of 166,876. John Bean Technologies has a 12-month low of $82.45 and a 12-month high of $122.65. The stock has a market capitalization of $3,846.08, a P/E ratio of 48.14, a PEG ratio of 1.98 and a beta of 1.32. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.33 and a quick ratio of 0.90.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Monday, March 5th will be given a dividend of $0.10 per share. This is a positive change from John Bean Technologies’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Friday, March 2nd. John Bean Technologies’s payout ratio is presently 15.81%.
Several institutional investors have recently added to or reduced their stakes in JBT. Cambridge Investment Research Advisors Inc. purchased a new position in shares of John Bean Technologies during the 4th quarter valued at approximately $201,000. BB&T Corp acquired a new position in shares of John Bean Technologies during the fourth quarter valued at $206,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of John Bean Technologies by 43.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 581 shares during the period. Carnegie Capital Asset Management LLC acquired a new position in shares of John Bean Technologies during the fourth quarter valued at $244,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in shares of John Bean Technologies during the fourth quarter valued at $245,000.
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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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