$0.53 Earnings Per Share Expected for John Bean Technologies Corp (JBT) This Quarter

Analysts expect that John Bean Technologies Corp (NYSE:JBT) will announce earnings of $0.53 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for John Bean Technologies Corp’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.57. John Bean Technologies Corp reported earnings per share of $0.34 during the same quarter last year, which indicates a positive year over year growth rate of 55.9%. The company is expected to report its next quarterly earnings results after the market closes on Tuesday, April 25th.

According to Zacks, analysts expect that John Bean Technologies Corp will report full-year earnings of $3.03 per share for the current year, with EPS estimates ranging from $3.00 to $3.05. For the next fiscal year, analysts anticipate that the company will post earnings of $3.56 per share, with EPS estimates ranging from $3.50 to $3.60. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for John Bean Technologies Corp.

John Bean Technologies Corp (NYSE:JBT) last released its quarterly earnings results on Monday, February 27th. The industrial products company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.18. The firm had revenue of $405 million for the quarter, compared to analysts’ expectations of $386.51 million. John Bean Technologies Corp had a net margin of 5.04% and a return on equity of 48.82%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share.

JBT has been the topic of a number of recent analyst reports. CL King upgraded shares of John Bean Technologies Corp from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Wednesday, April 12th. Zacks Investment Research cut shares of John Bean Technologies Corp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 27th. BMO Capital Markets reiterated an “outperform” rating and set a $105.00 price target on shares of John Bean Technologies Corp in a report on Monday, April 10th. Sidoti upgraded shares of John Bean Technologies Corp from a “neutral” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Tuesday, February 28th. Finally, Robert W. Baird initiated coverage on shares of John Bean Technologies Corp in a report on Monday, March 13th. They set an “outperform” rating and a $101.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $99.50.

John Bean Technologies Corp (NYSE:JBT) traded up 3.17% on Wednesday, hitting $91.05. 162,705 shares of the stock traded hands. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 40.16 and a beta of 1.34. John Bean Technologies Corp has a 52-week low of $51.20 and a 52-week high of $93.55. The company’s 50 day moving average price is $87.62 and its 200-day moving average price is $84.73.

Large investors have recently bought and sold shares of the stock. BlackRock Fund Advisors boosted its stake in shares of John Bean Technologies Corp by 7.6% in the third quarter. BlackRock Fund Advisors now owns 1,981,010 shares of the industrial products company’s stock valued at $139,760,000 after buying an additional 139,573 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of John Bean Technologies Corp by 20.1% in the third quarter. Wells Fargo & Company MN now owns 1,784,278 shares of the industrial products company’s stock valued at $125,880,000 after buying an additional 298,559 shares in the last quarter. State Street Corp boosted its stake in shares of John Bean Technologies Corp by 5.8% in the fourth quarter. State Street Corp now owns 637,310 shares of the industrial products company’s stock valued at $54,774,000 after buying an additional 34,960 shares in the last quarter. Channing Capital Management LLC boosted its stake in shares of John Bean Technologies Corp by 10.3% in the third quarter. Channing Capital Management LLC now owns 588,567 shares of the industrial products company’s stock valued at $41,523,000 after buying an additional 55,117 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of John Bean Technologies Corp by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 539,876 shares of the industrial products company’s stock valued at $38,089,000 after buying an additional 9,779 shares in the last quarter. Hedge funds and other institutional investors own 97.86% of the company’s stock.

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About John Bean Technologies Corp

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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