John Bean Technologies Corporation (JBT) To Go Ex-Dividend on August 17th
John Bean Technologies Corporation (NYSE:JBT) declared a quarterly dividend on Friday, August 11th, Fidelity reports. Investors of record on Monday, August 21st will be paid a dividend of 0.10 per share by the industrial products company on Tuesday, September 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Thursday, August 17th. This is a boost from John Bean Technologies Corporation’s previous quarterly dividend of $0.09.
John Bean Technologies Corporation has raised its dividend by an average of 5.6% per year over the last three years and has increased its dividend every year for the last 4 years. John Bean Technologies Corporation has a dividend payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect John Bean Technologies Corporation to earn $3.58 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 11.2%.
John Bean Technologies Corporation (NYSE JBT) opened at 88.60 on Wednesday. John Bean Technologies Corporation has a one year low of $64.28 and a one year high of $99.20. The company has a market capitalization of $2.80 billion, a PE ratio of 34.31 and a beta of 1.32. The company has a 50-day moving average price of $92.64 and a 200-day moving average price of $89.14.
John Bean Technologies Corporation (NYSE:JBT) last posted its earnings results on Monday, July 31st. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The company had revenue of $386.10 million during the quarter, compared to the consensus estimate of $381.49 million. John Bean Technologies Corporation had a net margin of 5.32% and a return on equity of 29.18%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. Analysts expect that John Bean Technologies Corporation will post $3.03 earnings per share for the current fiscal year.
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A number of research analysts recently issued reports on the stock. BidaskClub downgraded shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research downgraded shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Bank of America Corporation began coverage on shares of John Bean Technologies Corporation in a research report on Thursday, May 18th. They issued a “neutral” rating and a $89.00 price objective for the company. Finally, J P Morgan Chase & Co began coverage on shares of John Bean Technologies Corporation in a research report on Friday, June 2nd. They issued a “neutral” rating and a $88.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. John Bean Technologies Corporation has an average rating of “Hold” and a consensus target price of $99.86.
About John Bean Technologies Corporation
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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