John Bean Technologies Corp (NYSE:JBT) – Equities research analysts at Seaport Global Securities decreased their Q3 2020 earnings per share estimates for shares of John Bean Technologies in a note issued to investors on Tuesday, July 28th. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will earn $0.75 per share for the quarter, down from their prior estimate of $0.82. Seaport Global Securities also issued estimates for John Bean Technologies’ Q4 2020 earnings at $1.03 EPS, FY2020 earnings at $3.91 EPS and FY2021 earnings at $4.60 EPS.
John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Monday, July 27th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.74 by $0.35. John Bean Technologies had a net margin of 7.20% and a return on equity of 27.66%. The firm had revenue of $412.00 million for the quarter, compared to the consensus estimate of $396.37 million. During the same period last year, the firm posted $1.42 earnings per share. The business’s revenue was down 16.4% compared to the same quarter last year.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of John Bean Technologies from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a report on Friday. Wells Fargo & Co boosted their target price on John Bean Technologies from $100.00 to $110.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $101.50.
NYSE:JBT opened at $93.76 on Friday. The stock has a market cap of $2.98 billion, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 4.44 and a beta of 1.37. The firm’s fifty day simple moving average is $83.59 and its 200 day simple moving average is $87.61. John Bean Technologies has a twelve month low of $56.17 and a twelve month high of $123.07. The company has a quick ratio of 1.13, a current ratio of 1.55 and a debt-to-equity ratio of 1.09.
A number of large investors have recently added to or reduced their stakes in JBT. Thrivent Financial for Lutherans grew its position in shares of John Bean Technologies by 66.8% during the 1st quarter. Thrivent Financial for Lutherans now owns 135,726 shares of the industrial products company’s stock worth $10,081,000 after buying an additional 54,362 shares in the last quarter. Legal & General Group Plc raised its stake in shares of John Bean Technologies by 4.1% in the first quarter. Legal & General Group Plc now owns 177,567 shares of the industrial products company’s stock worth $16,558,000 after purchasing an additional 6,963 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in John Bean Technologies by 71.3% during the first quarter. BNP Paribas Arbitrage SA now owns 15,477 shares of the industrial products company’s stock valued at $1,149,000 after acquiring an additional 6,444 shares in the last quarter. State of Tennessee Treasury Department raised its position in John Bean Technologies by 11.4% during the first quarter. State of Tennessee Treasury Department now owns 18,263 shares of the industrial products company’s stock valued at $1,356,000 after acquiring an additional 1,871 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in John Bean Technologies by 411.5% during the first quarter. SG Americas Securities LLC now owns 16,983 shares of the industrial products company’s stock valued at $1,261,000 after acquiring an additional 13,663 shares in the last quarter.
John Bean Technologies Company Profile
John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.
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