Brokerages expect John Bean Technologies Corp (NYSE:JBT) to post $486.74 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for John Bean Technologies’ earnings, with estimates ranging from $473.90 million to $498.82 million. John Bean Technologies posted sales of $420.80 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.7%. The firm is expected to announce its next quarterly earnings results on Monday, October 22nd.

On average, analysts expect that John Bean Technologies will report full-year sales of $1.91 billion for the current year, with estimates ranging from $1.89 billion to $1.93 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.01 billion per share, with estimates ranging from $1.94 billion to $2.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow John Bean Technologies.

John Bean Technologies (NYSE:JBT) last released its earnings results on Wednesday, July 25th. The industrial products company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.19. John Bean Technologies had a return on equity of 26.58% and a net margin of 4.43%. The company had revenue of $491.30 million during the quarter, compared to the consensus estimate of $474.59 million. During the same quarter in the previous year, the company posted $0.58 EPS. John Bean Technologies’s quarterly revenue was up 27.2% compared to the same quarter last year.

Several analysts have weighed in on JBT shares. ValuEngine upgraded John Bean Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. TheStreet upgraded John Bean Technologies from a “c+” rating to an “a-” rating in a research report on Thursday, July 26th. Zacks Investment Research downgraded John Bean Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, August 16th. Finally, BMO Capital Markets boosted their price objective on John Bean Technologies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. John Bean Technologies currently has an average rating of “Hold” and an average price target of $109.17.

A number of hedge funds have recently made changes to their positions in the business. Confluence Investment Management LLC increased its stake in shares of John Bean Technologies by 102.6% during the second quarter. Confluence Investment Management LLC now owns 52,643 shares of the industrial products company’s stock valued at $4,680,000 after buying an additional 26,655 shares during the period. Suffolk Capital Management LLC increased its stake in shares of John Bean Technologies by 38.8% during the second quarter. Suffolk Capital Management LLC now owns 10,175 shares of the industrial products company’s stock valued at $905,000 after buying an additional 2,845 shares during the period. Allianz Asset Management GmbH increased its stake in shares of John Bean Technologies by 6.1% during the first quarter. Allianz Asset Management GmbH now owns 85,652 shares of the industrial products company’s stock valued at $9,713,000 after buying an additional 4,918 shares during the period. Eagle Asset Management Inc. increased its stake in shares of John Bean Technologies by 2.1% during the second quarter. Eagle Asset Management Inc. now owns 921,199 shares of the industrial products company’s stock valued at $81,894,000 after buying an additional 19,352 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of John Bean Technologies during the second quarter valued at approximately $2,270,000.

JBT stock traded down $2.45 during midday trading on Tuesday, hitting $116.95. The company had a trading volume of 164,900 shares, compared to its average volume of 199,384. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.80 and a current ratio of 1.33. John Bean Technologies has a 52 week low of $84.81 and a 52 week high of $122.65. The company has a market capitalization of $3.79 billion, a P/E ratio of 37.71, a PEG ratio of 1.85 and a beta of 1.21.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Monday, August 20th were given a $0.10 dividend. The ex-dividend date was Friday, August 17th. This represents a $0.40 annualized dividend and a yield of 0.34%. This is an increase from John Bean Technologies’s previous quarterly dividend of $0.09. John Bean Technologies’s payout ratio is presently 12.90%.

John Bean Technologies Company Profile

John Bean Technologies Corporation designs, manufactures, tests, installs, and services products and systems for the food and beverage, and air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing solutions, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.

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

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