John Bean Technologies (JBT) Set to Announce Earnings on Tuesday

John Bean Technologies (NYSE:JBT) is scheduled to release its earnings data after the market closes on Tuesday, July 30th. Analysts expect John Bean Technologies to post earnings of $1.22 per share for the quarter. John Bean Technologies has set its FY24 guidance at $5.05-5.45 EPS and its FY 2024 guidance at 5.050-5.450 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The business had revenue of $392.30 million for the quarter, compared to analyst estimates of $396.55 million. John Bean Technologies had a net margin of 36.12% and a return on equity of 10.56%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. 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 Price Performance

Shares of John Bean Technologies stock opened at $100.50 on Monday. The firm has a market cap of $3.20 billion, a PE ratio of 5.36, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. John Bean Technologies has a 12-month low of $88.03 and a 12-month high of $123.82. The company has a quick ratio of 1.83, a current ratio of 2.37 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $95.77 and its two-hundred day simple moving average is $97.05.

John Bean Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Wednesday, May 22nd. John Bean Technologies’s dividend payout ratio (DPR) is presently 2.13%.

Wall Street Analysts Forecast Growth

Separately, William Blair reaffirmed a “market perform” rating on shares of John Bean Technologies in a research report on Thursday, May 2nd.

John Bean Technologies Company Profile

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.