John Bean Technologies (JBT) Earns News Sentiment Score of 0.19
Press coverage about John Bean Technologies (NYSE:JBT) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. John Bean Technologies earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 47.2785039476582 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Rhumbline Advisers Boosts Stake in John Bean Technologies Corp (JBT) (americanbankingnews.com)
- BlackRock Inc. Has $434.81 Million Holdings in John Bean Technologies Corp (JBT) (americanbankingnews.com)
- John Bean Technologies Corp (JBT) Position Trimmed by Channing Capital Management LLC (americanbankingnews.com)
- Teacher Retirement System of Texas Buys 8,168 Shares of John Bean Technologies Corp (JBT) (americanbankingnews.com)
- John Bean Technologies Corp (JBT) Expected to Post Q1 2018 Earnings of $0.35 Per Share (americanbankingnews.com)
A number of research firms have commented on JBT. Zacks Investment Research raised shares of John Bean Technologies from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a report on Saturday. Wells Fargo & Co set a $130.00 price objective on shares of John Bean Technologies and gave the stock a “buy” rating in a report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $107.71.
John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Monday, February 26th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.02. John Bean Technologies had a net margin of 4.92% and a return on equity of 23.93%. The company had revenue of $483.70 million during the quarter, compared to the consensus estimate of $470.35 million. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. sell-side analysts expect that John Bean Technologies will post 3.93 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, March 5th will be issued a dividend of $0.10 per share. This is an increase from John Bean Technologies’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. John Bean Technologies’s payout ratio is 13.07%.
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John Bean Technologies Company Profile
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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