Equities research analysts predict that John Bean Technologies Co. (NYSE:JBT) will announce earnings per share (EPS) of $0.89 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for John Bean Technologies’ earnings, with estimates ranging from $0.87 to $0.92. John Bean Technologies posted earnings of $1.50 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 40.7%. The firm is expected to report its next earnings report on Wednesday, February 17th.

On average, analysts expect that John Bean Technologies will report full year earnings of $3.83 per share for the current year, with EPS estimates ranging from $3.80 to $3.85. For the next year, analysts anticipate that the company will report earnings of $4.32 per share, with EPS estimates ranging from $4.05 to $4.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow John Bean Technologies.

John Bean Technologies (NYSE:JBT) last posted its earnings results on Sunday, November 1st. The industrial products company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.12. John Bean Technologies had a return on equity of 24.17% and a net margin of 6.59%. The business had revenue of $419.20 million during the quarter, compared to analysts’ expectations of $391.98 million.

Several equities analysts recently commented on the company. Zacks Investment Research upgraded John Bean Technologies from a “sell” rating to a “hold” rating and set a $99.00 target price for the company in a research report on Wednesday, September 30th. BMO Capital Markets lifted their price target on John Bean Technologies from $110.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, December 14th. BidaskClub lowered John Bean Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, December 30th. Finally, TheStreet raised John Bean Technologies from a “c+” rating to a “b-” rating in a research note on Thursday, December 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $112.25.

In other John Bean Technologies news, Director Caroline Maury Devine sold 300 shares of the company’s stock in a transaction that occurred on Thursday, December 17th. The stock was sold at an average price of $121.49, for a total transaction of $36,447.00. Following the completion of the transaction, the director now owns 50,115 shares of the company’s stock, valued at approximately $6,088,471.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Polly B. Kawalek sold 3,857 shares of the company’s stock in a transaction that occurred on Monday, December 21st. The shares were sold at an average price of $118.11, for a total value of $455,550.27. Following the transaction, the director now directly owns 70,302 shares of the company’s stock, valued at approximately $8,303,369.22. The disclosure for this sale can be found here. Insiders have sold a total of 9,733 shares of company stock valued at $1,049,324 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the business. Cascade Investment Advisors Inc. grew its holdings in shares of John Bean Technologies by 2.4% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 5,041 shares of the industrial products company’s stock worth $463,000 after acquiring an additional 120 shares during the period. Colony Group LLC grew its holdings in shares of John Bean Technologies by 1.5% during the 3rd quarter. Colony Group LLC now owns 13,148 shares of the industrial products company’s stock worth $1,208,000 after acquiring an additional 196 shares during the period. Diversified Trust Co grew its holdings in shares of John Bean Technologies by 3.0% during the 4th quarter. Diversified Trust Co now owns 7,802 shares of the industrial products company’s stock worth $888,000 after acquiring an additional 225 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in shares of John Bean Technologies by 1.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,542 shares of the industrial products company’s stock worth $2,531,000 after acquiring an additional 518 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of John Bean Technologies by 2.6% during the 2nd quarter. Sei Investments Co. now owns 20,124 shares of the industrial products company’s stock worth $1,733,000 after acquiring an additional 519 shares during the period. Hedge funds and other institutional investors own 98.89% of the company’s stock.

John Bean Technologies stock traded down $2.00 during midday trading on Friday, hitting $128.35. 2,385 shares of the company’s stock were exchanged, compared to its average volume of 227,291. John Bean Technologies has a 52-week low of $56.17 and a 52-week high of $130.75. The stock has a 50-day moving average price of $118.99 and a two-hundred day moving average price of $99.89. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.95 and a current ratio of 1.46. The company has a market cap of $4.07 billion, a P/E ratio of 34.67, a PEG ratio of 5.69 and a beta of 1.58.

The business also recently announced a quarterly dividend, which was paid on Monday, December 28th. Stockholders of record on Monday, December 14th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Friday, December 11th. John Bean Technologies’s dividend payout ratio (DPR) is presently 8.06%.

John Bean Technologies Company Profile

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It offers poultry processing, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, cooking, frying, freezing, weighing, and X-ray food inspection.

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