$0.99 EPS Expected for John Bean Technologies Co. (NYSE:JBT) This Quarter

Analysts expect that John Bean Technologies Co. (NYSE:JBT) will report earnings of $0.99 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for John Bean Technologies’ earnings, with the highest EPS estimate coming in at $1.01 and the lowest estimate coming in at $0.97. John Bean Technologies posted earnings of $1.09 per share in the same quarter last year, which indicates a negative year over year growth rate of 9.2%. The firm is expected to announce its next earnings report on Monday, July 26th.

On average, analysts expect that John Bean Technologies will report full year earnings of $4.53 per share for the current financial year, with EPS estimates ranging from $4.35 to $4.60. For the next year, analysts expect that the company will post earnings of $5.39 per share, with EPS estimates ranging from $4.95 to $5.76. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow John Bean Technologies.

John Bean Technologies (NYSE:JBT) last issued its earnings results on Sunday, April 25th. The industrial products company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.12. The firm had revenue of $417.80 million during the quarter, compared to analysts’ expectations of $418.81 million. John Bean Technologies had a net margin of 6.33% and a return on equity of 19.53%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share.

A number of equities research analysts have issued reports on JBT shares. Robert W. Baird upgraded shares of John Bean Technologies from a “neutral” rating to an “outperform” rating and set a $151.00 target price for the company in a research report on Wednesday, May 26th. Wells Fargo & Company increased their price target on shares of John Bean Technologies from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 28th. Zacks Investment Research upgraded shares of John Bean Technologies from a “strong sell” rating to a “hold” rating and set a $154.00 price target on the stock in a research note on Thursday, February 25th. JPMorgan Chase & Co. raised their target price on shares of John Bean Technologies from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, April 14th. Finally, William Blair reiterated an “outperform” rating on shares of John Bean Technologies in a research note on Tuesday, February 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. John Bean Technologies currently has an average rating of “Buy” and a consensus target price of $140.80.

Shares of NYSE:JBT traded up $0.70 during mid-day trading on Friday, hitting $140.57. The stock had a trading volume of 5,318 shares, compared to its average volume of 177,549. The company has a current ratio of 1.27, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $4.46 billion, a P/E ratio of 42.00, a PEG ratio of 2.24 and a beta of 1.59. John Bean Technologies has a 12-month low of $73.46 and a 12-month high of $151.64. The firm’s 50 day simple moving average is $139.57.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Thursday, May 27th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Wednesday, May 26th. John Bean Technologies’s payout ratio is 10.15%.

In related news, Director Polly B. Kawalek sold 1,800 shares of John Bean Technologies stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $145.56, for a total transaction of $262,008.00. Following the completion of the transaction, the director now directly owns 67,820 shares of the company’s stock, valued at approximately $9,871,879.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jason T. Clayton sold 1,689 shares of John Bean Technologies stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $135.15, for a total transaction of $228,268.35. Following the transaction, the executive vice president now directly owns 17,007 shares of the company’s stock, valued at $2,298,496.05. The disclosure for this sale can be found here. Insiders have sold a total of 6,369 shares of company stock valued at $906,545 over the last ninety days. 2.00% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky raised its stake in shares of John Bean Technologies by 252.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 96,963 shares of the industrial products company’s stock worth $12,929,000 after acquiring an additional 69,421 shares during the last quarter. Squarepoint Ops LLC grew its position in shares of John Bean Technologies by 8.5% during the 1st quarter. Squarepoint Ops LLC now owns 6,422 shares of the industrial products company’s stock worth $856,000 after buying an additional 501 shares during the period. Paloma Partners Management Co grew its position in shares of John Bean Technologies by 84.8% during the 1st quarter. Paloma Partners Management Co now owns 5,702 shares of the industrial products company’s stock worth $760,000 after buying an additional 2,616 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of John Bean Technologies by 10.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,337 shares of the industrial products company’s stock worth $712,000 after buying an additional 504 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of John Bean Technologies during the 1st quarter worth approximately $4,383,000. 97.80% of the stock is 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 and equipment and services to air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It offers poultry processing, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, cooking, frying, freezing, weighing, and X-ray food inspection.

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

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