Seaport Res Ptn Brokers Lower Earnings Estimates for John Bean Technologies Co. (NYSE:JBT)

John Bean Technologies Co. (NYSE:JBT) – Equities researchers at Seaport Res Ptn decreased their Q1 2024 earnings per share (EPS) estimates for John Bean Technologies in a research note issued to investors on Tuesday, April 16th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will earn $0.82 per share for the quarter, down from their previous forecast of $1.11. The consensus estimate for John Bean Technologies’ current full-year earnings is $5.15 per share. Seaport Res Ptn also issued estimates for John Bean Technologies’ Q4 2024 earnings at $1.84 EPS, FY2024 earnings at $5.08 EPS, Q1 2025 earnings at $0.96 EPS, Q2 2025 earnings at $1.32 EPS and Q4 2025 earnings at $2.06 EPS.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.04. John Bean Technologies had a net margin of 33.53% and a return on equity of 12.15%. The company had revenue of $444.60 million during the quarter, compared to the consensus estimate of $445.81 million. During the same quarter in the prior year, the firm posted $1.49 earnings per share. John Bean Technologies’s revenue for the quarter was up .8% on a year-over-year basis.

Separately, Robert W. Baird restated an “outperform” rating and issued a $121.00 price objective on shares of John Bean Technologies in a research note on Monday, January 22nd. One analyst has rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $121.00.

John Bean Technologies Stock Performance

NYSE JBT opened at $91.73 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.27 and a quick ratio of 1.78. John Bean Technologies has a 1 year low of $88.97 and a 1 year high of $125.88. The company has a market capitalization of $2.92 billion, a PE ratio of 4.87, a P/E/G ratio of 1.43 and a beta of 1.29. The company has a fifty day moving average of $99.79 and a two-hundred day moving average of $100.97.

Institutional Investors Weigh In On John Bean Technologies

Several hedge funds have recently made changes to their positions in the business. Diversified Trust Co boosted its stake in shares of John Bean Technologies by 36.6% during the first quarter. Diversified Trust Co now owns 13,216 shares of the industrial products company’s stock worth $1,386,000 after buying an additional 3,541 shares during the period. West Coast Financial LLC boosted its stake in shares of John Bean Technologies by 0.4% during the first quarter. West Coast Financial LLC now owns 82,215 shares of the industrial products company’s stock worth $8,624,000 after buying an additional 300 shares during the period. Moody National Bank Trust Division acquired a new stake in shares of John Bean Technologies during the first quarter worth about $281,000. Confluence Investment Management LLC acquired a new stake in shares of John Bean Technologies during the first quarter worth about $3,386,000. Finally, Quadrature Capital Ltd boosted its stake in shares of John Bean Technologies by 330.2% during the fourth quarter. Quadrature Capital Ltd now owns 27,145 shares of the industrial products company’s stock worth $2,705,000 after buying an additional 20,835 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. John Bean Technologies’s dividend payout ratio (DPR) is 2.12%.

John Bean Technologies Company Profile

John Bean Technologies Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.