John Bean Technologies (NYSE:JBT) Announces Quarterly Earnings Results

John Bean Technologies (NYSE:JBT) posted its quarterly earnings results on Tuesday. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09, Briefing.com reports. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The company had revenue of $453.80 million for the quarter, compared to analyst estimates of $442.20 million. During the same quarter last year, the company earned $1.11 EPS. John Bean Technologies’s revenue for the quarter was up 12.4% compared to the same quarter last year. John Bean Technologies updated its FY24 guidance to $5.05-5.35 EPS and its FY 2024 guidance to 5.050-5.350 EPS.

John Bean Technologies Stock Down 2.6 %

Shares of John Bean Technologies stock traded down $3.01 during trading on Friday, hitting $115.01. 107,271 shares of the stock were exchanged, compared to its average volume of 266,733. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 6.30, a price-to-earnings-growth ratio of 1.35 and a beta of 1.25. The firm’s 50-day moving average price is $93.77 and its 200 day moving average price is $93.93. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.54 and a quick ratio of 1.96. John Bean Technologies has a 12-month low of $82.64 and a 12-month high of $118.55.

John Bean Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Monday, August 19th. John Bean Technologies’s dividend payout ratio 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.