John Bean Technologies (NYSE:JBT – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $5.05-5.35 for the period, compared to the consensus EPS estimate of $5.16. The company issued revenue guidance of $1.715-1.750 billion, compared to the consensus revenue estimate of $1.73 billion. John Bean Technologies also updated its FY 2024 guidance to 5.050-5.350 EPS.
John Bean Technologies Stock Up 11.6 %
JBT stock traded up $11.04 during trading on Wednesday, hitting $106.30. 278,641 shares of the company’s stock were exchanged, compared to its average volume of 256,718. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 5.61, a PEG ratio of 1.35 and a beta of 1.25. John Bean Technologies has a 52-week low of $82.64 and a 52-week high of $109.91. The company has a current ratio of 2.54, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $92.70 and a two-hundred day moving average price of $93.64.
John Bean Technologies (NYSE:JBT – Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The business had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. During the same period in the prior year, the company earned $1.11 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year. As a group, equities research analysts expect that John Bean Technologies will post 5.18 EPS for the current year.
John Bean Technologies Dividend Announcement
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.
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