John Bean Technologies (NYSE:JBT – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 5.050-5.350 for the period, compared to the consensus earnings per share 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 Trading Down 0.8 %
JBT traded down $0.75 on Tuesday, hitting $96.66. 372,763 shares of the company were exchanged, compared to its average volume of 260,318. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.83 and a current ratio of 2.37. The firm has a fifty day simple moving average of $95.90 and a two-hundred day simple moving average of $97.09. The stock has a market capitalization of $3.08 billion, a PE ratio of 5.16, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. John Bean Technologies has a 12 month low of $88.03 and a 12 month high of $123.82.
John Bean Technologies (NYSE:JBT – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. The firm had revenue of $392.30 million during the quarter, compared to the consensus estimate of $396.55 million. John Bean Technologies had a net margin of 36.12% and a return on equity of 10.56%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 earnings per share. Sell-side analysts expect that John Bean Technologies will post 5.19 earnings per share for the current year.
John Bean Technologies Announces Dividend
Analyst Upgrades and Downgrades
Separately, William Blair reissued a market perform rating on shares of John Bean Technologies in a research report on Thursday, May 2nd.
Get Our Latest Stock Report on JBT
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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