Zacks Research Issues Optimistic Estimate for JBT Earnings

John Bean Technologies Co. (NYSE:JBT) – Equities researchers at Zacks Research lifted their FY2024 EPS estimates for John Bean Technologies in a research note issued to investors on Tuesday, November 12th. Zacks Research analyst S. Deb now forecasts that the industrial products company will post earnings per share of $5.19 for the year, up from their previous estimate of $5.14. The consensus estimate for John Bean Technologies’ current full-year earnings is $5.21 per share. Zacks Research also issued estimates for John Bean Technologies’ Q4 2024 earnings at $1.79 EPS, Q4 2025 earnings at $1.88 EPS, FY2025 earnings at $5.61 EPS and FY2026 earnings at $5.79 EPS.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. John Bean Technologies’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 earnings per share.

John Bean Technologies Stock Up 5.9 %

NYSE JBT opened at $121.01 on Thursday. John Bean Technologies has a fifty-two week low of $82.64 and a fifty-two week high of $122.00. The business has a fifty day moving average price of $101.33 and a two-hundred day moving average price of $96.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The stock has a market capitalization of $3.85 billion, a PE ratio of 22.45, a PEG ratio of 1.59 and a beta of 1.22.

Institutional Investors Weigh In On John Bean Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in JBT. Envestnet Portfolio Solutions Inc. bought a new stake in shares of John Bean Technologies during the first quarter worth about $238,000. SG Americas Securities LLC grew its holdings in shares of John Bean Technologies by 111.2% during the first quarter. SG Americas Securities LLC now owns 3,046 shares of the industrial products company’s stock valued at $319,000 after buying an additional 1,604 shares during the last quarter. ProShare Advisors LLC grew its holdings in John Bean Technologies by 7.4% during the first quarter. ProShare Advisors LLC now owns 6,422 shares of the industrial products company’s stock worth $674,000 after buying an additional 441 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of John Bean Technologies by 45.0% during the first quarter. Bleakley Financial Group LLC now owns 5,411 shares of the industrial products company’s stock valued at $568,000 after purchasing an additional 1,680 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in John Bean Technologies by 19.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,855 shares of the industrial products company’s stock worth $1,186,000 after purchasing an additional 1,760 shares in the last quarter. 98.92% of the stock is owned by institutional investors.

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.