John Bean Technologies (NYSE:JBT) posted its quarterly earnings data on Sunday. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.13, MarketWatch Earnings reports. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $426.31 million. John Bean Technologies had a return on equity of 24.17% and a net margin of 6.59%. The business’s revenue for the quarter was down 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.50 EPS.
Shares of John Bean Technologies stock opened at $135.37 on Tuesday. The stock has a market capitalization of $4.30 billion, a P/E ratio of 36.00 and a beta of 1.58. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 0.98. The stock has a 50 day moving average price of $124.73 and a two-hundred day moving average price of $107.87. John Bean Technologies has a 12-month low of $56.17 and a 12-month high of $137.07.
In other John Bean Technologies news, Director Caroline Maury Devine sold 300 shares of John Bean Technologies stock in a transaction 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 directly owns 50,115 shares of the company’s stock, valued at $6,088,471.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James L. Marvin sold 2,500 shares of John Bean Technologies stock in a transaction on Friday, January 15th. The shares were sold at an average price of $127.26, for a total value of $318,150.00. Following the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at $2,268,027.72. The disclosure for this sale can be found here. Insiders have sold 6,657 shares of company stock valued at $810,147 in the last ninety days. Company insiders own 2.20% of the company’s stock.
About John Bean Technologies
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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