Somewhat Favorable Press Coverage Somewhat Unlikely to Impact John Bean Technologies Corporation (JBT) Stock Price
Media stories about John Bean Technologies Corporation (NYSE:JBT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. John Bean Technologies Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.1694268050212 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Comparing John Bean Technologies Corporation (JBT) & Its Competitors (americanbankingnews.com)
- Analysts Anticipate John Bean Technologies Corporation (JBT) to Post $0.78 Earnings Per Share (americanbankingnews.com)
- Automated Material Handling Equipment Market Outlook to 2025 – Forecast for next 5 years with Key Companies Profile (emailwire.com)
- John Bean Technologies Corp. : JBT-US: Dividend Analysis : August 21st, 2017 (record date) : By the numbers : September 18, 2017 (finance.yahoo.com)
Shares of John Bean Technologies Corporation (NYSE JBT) opened at 95.50 on Friday. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 36.99 and a beta of 1.32. John Bean Technologies Corporation has a 12 month low of $66.08 and a 12 month high of $99.20. The stock has a 50 day moving average of $90.38 and a 200 day moving average of $89.76.
John Bean Technologies Corporation (NYSE:JBT) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.07. The business had revenue of $386.10 million during the quarter, compared to the consensus estimate of $381.49 million. John Bean Technologies Corporation had a net margin of 5.32% and a return on equity of 29.18%. The business’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 EPS. On average, equities research analysts expect that John Bean Technologies Corporation will post $3.03 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Thursday, August 17th. This is an increase from John Bean Technologies Corporation’s previous quarterly dividend of $0.09. John Bean Technologies Corporation’s dividend payout ratio (DPR) is currently 15.44%.
Several research firms recently commented on JBT. Robert W. Baird set a $101.00 price target on shares of John Bean Technologies Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. BidaskClub lowered shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, J P Morgan Chase & Co began coverage on shares of John Bean Technologies Corporation in a research report on Friday, June 2nd. They set a “neutral” rating and a $88.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. John Bean Technologies Corporation has an average rating of “Hold” and a consensus target price of $99.86.
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In other news, VP Megan J. Rattigan sold 3,103 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $87.27, for a total value of $270,798.81. Following the completion of the transaction, the vice president now owns 26,091 shares in the company, valued at approximately $2,276,961.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven R. Smith sold 10,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $86.78, for a total transaction of $867,800.00. Following the completion of the transaction, the executive vice president now owns 50,811 shares of the company’s stock, valued at approximately $4,409,378.58. The disclosure for this sale can be found here. Insiders sold a total of 15,103 shares of company stock valued at $1,314,919 in the last quarter. Insiders own 1.81% of the company’s stock.
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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