John Bean Technologies (NYSE:JBT) Releases FY 2024 Earnings Guidance

John Bean Technologies (NYSE:JBT) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 5.050-5.350 for the period, compared to the consensus estimate of 5.160. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.7 billion. John Bean Technologies also updated its FY24 guidance to $5.05-5.35 EPS.

Wall Street Analysts Forecast Growth

Separately, William Blair reiterated a market perform rating on shares of John Bean Technologies in a report on Thursday, May 2nd.

John Bean Technologies Stock Down 0.8 %

Shares of JBT traded down $0.75 on Tuesday, hitting $96.66. 372,763 shares of the stock traded hands, compared to its average volume of 260,318. The company has a market capitalization of $3.08 billion, a PE ratio of 5.16, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.83 and a current ratio of 2.37. The business has a 50 day simple moving average of $95.90 and a 200 day simple moving average of $97.09. John Bean Technologies has a one year low of $88.03 and a one year high of $123.82.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03. The company had revenue of $392.30 million during the quarter, compared to the consensus estimate of $396.55 million. John Bean Technologies had a net margin of 36.12% and a return on equity of 10.56%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 earnings per share. As a group, equities analysts forecast that John Bean Technologies will post 5.19 earnings per share for the current fiscal year.

John Bean Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Wednesday, May 22nd. John Bean Technologies’s dividend payout ratio (DPR) is presently 2.13%.

John Bean Technologies Company Profile

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.