Equities research analysts predict that John Bean Technologies Corporation (NYSE:JBT) will announce sales of $422.81 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for John Bean Technologies Corporation’s earnings. The lowest sales estimate is $418.00 million and the highest is $427.20 million. John Bean Technologies Corporation posted sales of $349.60 million during the same quarter last year, which suggests a positive year-over-year growth rate of 20.9%. The company is scheduled to report its next quarterly earnings report on Wednesday, October 25th.

On average, analysts expect that John Bean Technologies Corporation will report full-year sales of $422.81 million for the current fiscal year, with estimates ranging from $1.61 billion to $1.64 billion. For the next financial year, analysts forecast that the business will post sales of $1.76 billion per share, with estimates ranging from $1.73 billion to $1.80 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for John Bean Technologies Corporation.

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 for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.07. John Bean Technologies Corporation had a return on equity of 29.18% and a net margin of 5.32%. The company had revenue of $386.10 million during the quarter, compared to the consensus estimate of $381.49 million. During the same quarter last year, the firm earned $0.67 earnings per share. The company’s revenue was up 17.4% on a year-over-year basis.

Several research firms have recently weighed in on JBT. BidaskClub downgraded John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Bank of America Corporation began coverage on John Bean Technologies Corporation in a research note on Thursday, May 18th. They set a “neutral” rating and a $89.00 price target for the company. Finally, J P Morgan Chase & Co began coverage on John Bean Technologies Corporation in a research note on Friday, June 2nd. They set a “neutral” rating and a $88.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $99.86.

John Bean Technologies Corporation (NYSE:JBT) traded up 1.16% during midday trading on Wednesday, hitting $87.35. The stock had a trading volume of 156,075 shares. The company has a 50-day moving average price of $91.98 and a 200-day moving average price of $89.12. The stock has a market cap of $2.76 billion, a P/E ratio of 33.83 and a beta of 1.32. John Bean Technologies Corporation has a 52 week low of $64.28 and a 52 week high of $99.20.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be paid a dividend of $0.10 per share. This is an increase from John Bean Technologies Corporation’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. John Bean Technologies Corporation’s dividend payout ratio is presently 15.44%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. increased its position in John Bean Technologies Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,438 shares of the industrial products company’s stock valued at $533,000 after buying an additional 14 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of John Bean Technologies Corporation by 1.2% in the second quarter. D.A. Davidson & CO. now owns 1,574 shares of the industrial products company’s stock valued at $154,000 after buying an additional 19 shares in the last quarter. Aperio Group LLC increased its position in shares of John Bean Technologies Corporation by 0.3% in the second quarter. Aperio Group LLC now owns 13,510 shares of the industrial products company’s stock valued at $1,324,000 after buying an additional 42 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in shares of John Bean Technologies Corporation by 4.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,144 shares of the industrial products company’s stock valued at $101,000 after buying an additional 44 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of John Bean Technologies Corporation by 1.9% in the second quarter. Teacher Retirement System of Texas now owns 2,496 shares of the industrial products company’s stock valued at $245,000 after buying an additional 47 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

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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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Earnings History and Estimates for John Bean Technologies Corporation (NYSE:JBT)

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