John Bean Technologies (NYSE:JBT) Releases FY24 Earnings Guidance

John Bean Technologies (NYSE:JBT) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $5.05-5.35 for the period, compared to the consensus estimate of $5.16. The company issued revenue guidance of $1.715-1.750 billion, compared to the consensus revenue estimate of $1.73 billion.

John Bean Technologies Price Performance

Shares of JBT stock traded down $2.45 on Tuesday, reaching $95.26. 282,572 shares of the company were exchanged, compared to its average volume of 256,469. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 5.18, a P/E/G ratio of 1.35 and a beta of 1.25. The business has a 50-day moving average price of $92.57 and a 200 day moving average price of $93.66. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.54. John Bean Technologies has a 1 year low of $82.64 and a 1 year high of $109.91.

John Bean Technologies (NYSE:JBT) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.19). The company had revenue of $402.30 million for the quarter, compared to analysts’ expectations of $432.67 million. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Equities research analysts forecast that John Bean Technologies will post 5.18 earnings per share for the current fiscal year.

John Bean Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 0.42%. John Bean Technologies’s dividend payout ratio is presently 2.13%.

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.