John Bean Technologies Corporation (NYSE:JBT) declared a quarterly dividend on Wednesday, December 6th, NASDAQ reports. Shareholders of record on Monday, December 18th will be paid a dividend of 0.10 per share by the industrial products company on Friday, December 29th. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Friday, December 15th.

John Bean Technologies has raised its dividend payment by an average of 5.6% per year over the last three years and has raised its dividend every year for the last 4 years. John Bean Technologies has a payout ratio of 13.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect John Bean Technologies to earn $3.69 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 10.8%.

John Bean Technologies (NYSE JBT) opened at $110.60 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $3,491.42, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. John Bean Technologies has a 52-week low of $80.70 and a 52-week high of $120.55.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data on Monday, October 23rd. The industrial products company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. The business had revenue of $420.80 million during the quarter, compared to analyst estimates of $414.17 million. John Bean Technologies had a return on equity of 25.51% and a net margin of 5.41%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share. equities research analysts forecast that John Bean Technologies will post 3.07 EPS for the current fiscal year.

Several equities analysts have commented on the company. Zacks Investment Research raised John Bean Technologies from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research report on Tuesday, November 28th. Bank of America lowered John Bean Technologies from a “neutral” rating to an “underperform” rating in a research report on Friday. Finally, Robert W. Baird raised their price objective on John Bean Technologies from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $105.57.

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About John Bean Technologies

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.

Dividend History for John Bean Technologies (NYSE:JBT)

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