Equities analysts forecast that John Bean Technologies Corp (NYSE:JBT) will report sales of $469.15 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for John Bean Technologies’ earnings, with the lowest sales estimate coming in at $466.84 million and the highest estimate coming in at $473.10 million. John Bean Technologies posted sales of $405.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.8%. The firm is expected to issue its next earnings results on Monday, February 26th.

On average, analysts expect that John Bean Technologies will report full year sales of $469.15 million for the current year. For the next fiscal year, analysts anticipate that the business will report sales of $1.75 billion per share, with estimates ranging from $1.73 billion to $1.78 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover John Bean Technologies.

John Bean Technologies (NYSE:JBT) last announced its earnings results on Monday, October 23rd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The firm had revenue of $420.80 million during the quarter, compared to analysts’ expectations of $414.17 million. John Bean Technologies had a return on equity of 25.51% and a net margin of 5.41%. The company’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share.

A number of equities research analysts have issued reports on JBT shares. Zacks Investment Research raised John Bean Technologies from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research report on Thursday, October 26th. Robert W. Baird increased their price objective on John Bean Technologies from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, Bank of America cut John Bean Technologies from a “neutral” rating to an “underperform” rating in a research report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. John Bean Technologies presently has an average rating of “Hold” and a consensus target price of $105.14.

Shares of John Bean Technologies (NYSE JBT) traded down $0.25 during trading on Friday, reaching $110.35. The company’s stock had a trading volume of 160,363 shares, compared to its average volume of 143,779. The company has a market capitalization of $3,483.53, a PE ratio of 38.86, a P/E/G ratio of 2.04 and a beta of 1.36. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.91. John Bean Technologies has a 52-week low of $80.70 and a 52-week high of $120.55.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. John Bean Technologies’s dividend payout ratio is 14.81%.

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its position in shares of John Bean Technologies by 7.2% in the second quarter. State Street Corp now owns 776,821 shares of the industrial products company’s stock valued at $76,130,000 after acquiring an additional 51,939 shares during the period. Neuberger Berman Group LLC lifted its position in John Bean Technologies by 25.0% in the second quarter. Neuberger Berman Group LLC now owns 12,500 shares of the industrial products company’s stock worth $1,225,000 after purchasing an additional 2,500 shares during the period. Century Capital Management LLC lifted its position in John Bean Technologies by 14.0% in the second quarter. Century Capital Management LLC now owns 18,084 shares of the industrial products company’s stock worth $1,772,000 after purchasing an additional 2,218 shares during the period. The Manufacturers Life Insurance Company lifted its position in John Bean Technologies by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 24,014 shares of the industrial products company’s stock worth $2,354,000 after purchasing an additional 1,736 shares during the period. Finally, Wells Fargo & Company MN lifted its position in John Bean Technologies by 6.9% in the second quarter. Wells Fargo & Company MN now owns 1,667,276 shares of the industrial products company’s stock worth $163,393,000 after purchasing an additional 106,955 shares during the period. 99.26% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This story was first posted by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://www.dailypolitical.com/2018/01/07/brokerages-anticipate-john-bean-technologies-corp-jbt-will-post-quarterly-sales-of-469-15-million.html.

About John Bean Technologies

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.

Get a free copy of the Zacks research report on John Bean Technologies (JBT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for John Bean Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies and related companies with MarketBeat.com's FREE daily email newsletter.