John Bean Technologies (JBT) Set to Announce Quarterly Earnings on Wednesday

John Bean Technologies (NYSE:JBT) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect John Bean Technologies to post earnings of $0.82 per share for the quarter.

John Bean Technologies (NYSE:JBT) last released its earnings results on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.04. John Bean Technologies had a return on equity of 12.15% and a net margin of 33.53%. The firm had revenue of $444.60 million for the quarter, compared to analyst estimates of $445.81 million. During the same quarter in the prior year, the firm posted $1.49 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts expect John Bean Technologies to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

John Bean Technologies Trading Up 0.9 %

Shares of John Bean Technologies stock traded up $0.76 during trading hours on Friday, hitting $89.37. The company’s stock had a trading volume of 21,083 shares, compared to its average volume of 214,256. John Bean Technologies has a 12 month low of $88.03 and a 12 month high of $125.88. The stock has a 50 day moving average of $98.78 and a 200 day moving average of $100.61. The company has a market capitalization of $2.84 billion, a PE ratio of 4.75, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given 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 yield of 0.45%. John Bean Technologies’s dividend payout ratio (DPR) is presently 2.12%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird restated an “outperform” rating and issued a $121.00 target price on shares of John Bean Technologies in a research report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, John Bean Technologies presently has an average 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.