John Bean Technologies (NYSE:JBT) Issues Earnings Results

John Bean Technologies (NYSE:JBT) posted its earnings results on Wednesday. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03, Briefing.com reports. John Bean Technologies had a net margin of 33.53% and a return on equity of 12.15%. The company had revenue of $392.30 million during the quarter, compared to analysts’ expectations of $396.55 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. John Bean Technologies’s quarterly revenue was up 1.0% compared to the same quarter last year. John Bean Technologies updated its FY24 guidance to $5.05-5.45 EPS and its FY 2024 guidance to 5.050-5.450 EPS.

John Bean Technologies Trading Up 0.0 %

JBT stock traded up $0.01 during trading on Thursday, hitting $88.85. The company had a trading volume of 155,317 shares, compared to its average volume of 217,781. The company has a quick ratio of 1.78, a current ratio of 2.27 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $97.83 and a 200-day moving average price of $100.22. John Bean Technologies has a 12 month low of $88.03 and a 12 month high of $125.88. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 4.71, a PEG ratio of 1.43 and a beta of 1.29.

John Bean Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Friday, March 8th. John Bean Technologies’s dividend payout ratio (DPR) is presently 2.12%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird reiterated an “outperform” rating and issued a $121.00 target price 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 assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.00.

About John Bean Technologies

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.