John Bean Technologies (JBT) Set to Announce Quarterly Earnings on Tuesday

John Bean Technologies (NYSE:JBT) will be issuing its quarterly earnings data after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of $1.41 per share for the quarter. John Bean Technologies has set its FY24 guidance at $5.05-5.35 EPS and its FY 2024 guidance at 5.050-5.350 EPS.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.19). John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The firm had revenue of $402.30 million for the quarter, compared to analyst estimates of $432.67 million. During the same period in the prior year, the company earned $0.97 earnings per share. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. On average, analysts expect John Bean Technologies to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

John Bean Technologies Stock Down 1.1 %

John Bean Technologies stock traded down $1.13 during midday trading on Tuesday, reaching $97.94. The stock had a trading volume of 9,836 shares, compared to its average volume of 255,770. The stock has a market capitalization of $3.12 billion, a P/E ratio of 5.23, a price-to-earnings-growth ratio of 1.35 and a beta of 1.25. The firm’s fifty day simple moving average is $91.65 and its 200-day simple moving average is $93.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.54. John Bean Technologies has a 1-year low of $82.64 and a 1-year high of $109.91.

John Bean Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. John Bean Technologies’s dividend payout ratio (DPR) is presently 2.13%.

About John Bean Technologies

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.