John Bean Technologies (NYSE:JBT) Updates FY 2024 Earnings Guidance

John Bean Technologies (NYSE:JBT) issued an update on its FY 2024 earnings guidance on Tuesday morning. 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 Up 0.9 %

Shares of NYSE:JBT traded up $0.97 during midday trading on Thursday, hitting $113.12. 208,121 shares of the stock traded hands, compared to its average volume of 264,184. The stock has a market capitalization of $3.60 billion, a PE ratio of 5.98, a P/E/G ratio of 1.35 and a beta of 1.25. The business’s 50 day moving average is $93.19 and its two-hundred day moving average is $93.77. The company has a quick ratio of 1.96, a current ratio of 2.54 and a debt-to-equity ratio of 0.43. John Bean Technologies has a one year low of $82.64 and a one year high of $114.26.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The firm had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 earnings per share. As a group, research analysts forecast that John Bean Technologies will post 5.18 earnings per share for the current year.

John Bean Technologies Dividend Announcement

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