John Bean Technologies Corporation (NYSE:JBT) will release its earnings data after the market closes on Monday, October 23rd. Analysts expect John Bean Technologies Corporation to post earnings of $0.81 per share for the quarter. John Bean Technologies Corporation has set its Q3 guidance at $0.76 to $0.79 EPS and its FY17 guidance at $2.95 to $3.10 EPS.
John Bean Technologies Corporation (NYSE:JBT) last released its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The firm had revenue of $386.10 million during the quarter, compared to analyst estimates of $381.49 million. John Bean Technologies Corporation had a return on equity of 29.18% and a net margin of 5.32%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 earnings per share. On average, analysts expect John Bean Technologies Corporation to post $3.03 EPS for the current fiscal year and $3.63 EPS for the next fiscal year.
Shares of John Bean Technologies Corporation (NYSE:JBT) opened at 103.95 on Friday. The stock’s 50 day moving average price is $97.88 and its 200-day moving average price is $91.74. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 40.26 and a beta of 1.35. John Bean Technologies Corporation has a 1-year low of $71.85 and a 1-year high of $104.00.
A number of equities analysts have recently commented on the company. Robert W. Baird set a $101.00 target price on John Bean Technologies Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. BidaskClub cut John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research cut John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $99.33.
In related news, EVP Steven R. Smith sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $86.78, for a total transaction of $867,800.00. Following the completion of the transaction, the executive vice president now owns 50,811 shares in the company, valued at approximately $4,409,378.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Megan J. Rattigan sold 3,103 shares of the business’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $87.27, for a total value of $270,798.81. Following the transaction, the vice president now owns 26,091 shares of the company’s stock, valued at approximately $2,276,961.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,103 shares of company stock valued at $1,314,919. 1.81% of the stock is owned by company insiders.
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John Bean Technologies Corporation 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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