John Bean Technologies (JBT) to Release Earnings on Wednesday

John Bean Technologies (NYSE:JBT) is scheduled to announce its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

John Bean Technologies (NYSE:JBT) last released its earnings results on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.04. The business had revenue of $444.60 million for the quarter, compared to analyst estimates of $445.81 million. John Bean Technologies had a net margin of 33.53% and a return on equity of 12.15%. The business’s revenue was up .8% on a year-over-year basis. During the same period last year, the company posted $1.49 EPS. On average, analysts expect John Bean Technologies to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

John Bean Technologies Price Performance

Shares of JBT stock traded down $0.12 during trading hours on Tuesday, reaching $90.28. The company had a trading volume of 36,544 shares, compared to its average volume of 214,741. John Bean Technologies has a 12-month low of $88.03 and a 12-month high of $125.88. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 4.80, a PEG ratio of 1.45 and a beta of 1.29. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.78 and a current ratio of 2.27. The stock has a fifty day moving average of $98.27 and a 200-day moving average of $100.39.

John Bean Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, March 8th. John Bean Technologies’s dividend payout ratio (DPR) is presently 2.12%.

Analyst Ratings Changes

Separately, Robert W. Baird reissued an “outperform” rating and issued a $121.00 price objective on shares of John Bean Technologies in a report on Monday, January 22nd. One analyst has rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

About John Bean Technologies

John Bean Technologies Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.