John Bean Technologies (NYSE:JBT) Releases FY 2024 Earnings Guidance

John Bean Technologies (NYSE:JBT) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 5.050-5.350 for the period, compared to the consensus EPS estimate of 5.160. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.7 billion. John Bean Technologies also updated its FY24 guidance to $5.05-5.35 EPS.

John Bean Technologies Stock Performance

Shares of JBT stock traded down $2.45 during trading hours on Tuesday, reaching $95.26. 282,754 shares of the company’s stock were exchanged, compared to its average volume of 256,470. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.54 and a quick ratio of 1.96. The company’s 50 day moving average is $92.57 and its two-hundred day moving average is $93.66. The company has a market cap of $3.03 billion, a P/E ratio of 5.18, a price-to-earnings-growth ratio of 1.35 and a beta of 1.25. John Bean Technologies has a 1 year low of $82.64 and a 1 year high of $109.91.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.19). The business had revenue of $402.30 million during the quarter, compared to analysts’ expectations of $432.67 million. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. Equities research analysts anticipate that John Bean Technologies will post 5.18 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Monday, August 19th. John Bean Technologies’s dividend payout ratio is currently 2.13%.

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.