John Bean Technologies (NYSE:JBT – Get Free Report) posted its earnings results on Wednesday. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03, Briefing.com reports. The company had revenue of $392.30 million for the quarter, compared to the consensus estimate of $396.55 million. John Bean Technologies had a return on equity of 10.56% and a net margin of 36.12%. John Bean Technologies’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 earnings per share. John Bean Technologies updated its FY24 guidance to $5.05-5.45 EPS and its FY 2024 guidance to 5.050-5.450 EPS.
John Bean Technologies Price Performance
JBT stock traded up $0.76 during trading on Friday, hitting $91.14. The stock had a trading volume of 296,149 shares, compared to its average volume of 302,474. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 4.86, a price-to-earnings-growth 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 2.37. The company’s 50 day moving average price is $97.48 and its two-hundred day moving average price is $100.08. John Bean Technologies has a 1-year low of $88.03 and a 1-year high of $125.88.
John Bean Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Friday, March 8th. John Bean Technologies’s dividend payout ratio is presently 2.13%.
Analyst Upgrades and Downgrades
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.
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