Wall Street analysts expect John Bean Technologies Corporation (NYSE:JBT) to announce earnings per share (EPS) of $0.78 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for John Bean Technologies Corporation’s earnings. The highest EPS estimate is $0.79 and the lowest is $0.76. John Bean Technologies Corporation reported earnings per share of $0.68 during the same quarter last year, which indicates a positive year-over-year growth rate of 14.7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, October 25th.

On average, analysts expect that John Bean Technologies Corporation will report full-year earnings of $3.03 per share for the current fiscal year, with EPS estimates ranging from $2.95 to $3.10. For the next fiscal year, analysts anticipate that the company will post earnings of $3.61 per share, with EPS estimates ranging from $3.47 to $3.85. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for John Bean Technologies Corporation.

John Bean Technologies Corporation (NYSE:JBT) last issued its earnings results on Monday, July 31st. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.07. John Bean Technologies Corporation had a return on equity of 29.18% and a net margin of 5.32%. The company had revenue of $386.10 million for the quarter, compared to analysts’ expectations of $381.49 million. During the same period last year, the business earned $0.67 EPS. John Bean Technologies Corporation’s quarterly revenue was up 17.4% compared to the same quarter last year.

JBT has been the topic of a number of research analyst reports. J P Morgan Chase & Co initiated coverage on John Bean Technologies Corporation in a report on Friday, June 2nd. They set a “neutral” rating and a $88.00 price target on the stock. BidaskClub raised John Bean Technologies Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research downgraded John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Robert W. Baird set a $101.00 price target on John Bean Technologies Corporation and gave the company a “buy” rating in a report on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $99.86.

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In related news, EVP Steven R. Smith sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $86.78, for a total transaction of $867,800.00. Following the completion of the sale, the executive vice president now owns 50,811 shares in the company, valued at $4,409,378.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Caroline Maury Devine sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $88.16, for a total value of $176,320.00. Following the sale, the director now owns 48,592 shares of the company’s stock, valued at approximately $4,283,870.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,103 shares of company stock valued at $1,314,919. 1.81% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Glen Harbor Capital Management LLC increased its position in John Bean Technologies Corporation by 4.0% during the first quarter. Glen Harbor Capital Management LLC now owns 1,144 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 44 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in John Bean Technologies Corporation by 67.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,152 shares of the industrial products company’s stock valued at $113,000 after acquiring an additional 466 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in John Bean Technologies Corporation by 62.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,216 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 467 shares during the last quarter. Advisor Group Inc. increased its position in John Bean Technologies Corporation by 27.4% during the second quarter. Advisor Group Inc. now owns 1,381 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 297 shares during the last quarter. Finally, Elkfork Partners LLC increased its position in John Bean Technologies Corporation by 4.0% during the first quarter. Elkfork Partners LLC now owns 1,456 shares of the industrial products company’s stock valued at $128,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 99.25% of the company’s stock.

Shares of John Bean Technologies Corporation (NYSE:JBT) traded down 0.31% during trading on Tuesday, hitting $97.00. The company had a trading volume of 163,983 shares. John Bean Technologies Corporation has a 1-year low of $66.08 and a 1-year high of $99.20. The company’s 50 day moving average is $90.38 and its 200 day moving average is $89.76. The firm has a market capitalization of $3.07 billion, a P/E ratio of 37.57 and a beta of 1.32.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were issued a dividend of $0.10 per share. This is an increase from John Bean Technologies Corporation’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Thursday, August 17th. John Bean Technologies Corporation’s dividend payout ratio is presently 15.44%.

About John Bean Technologies Corporation

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.

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

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