John Bean Technologies (NYSE:JBT) Issues FY24 Earnings Guidance

John Bean Technologies (NYSE:JBT) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $5.05-5.35 for the period, compared to the consensus EPS estimate of $5.16. The company issued revenue guidance of $1.715-1.750 billion, compared to the consensus revenue estimate of $1.73 billion. John Bean Technologies also updated its FY 2024 guidance to 5.050-5.350 EPS.

John Bean Technologies Price Performance

Shares of John Bean Technologies stock opened at $118.02 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.54 and a quick ratio of 1.96. The business’s 50 day simple moving average is $93.77 and its two-hundred day simple moving average is $93.93. The stock has a market capitalization of $3.76 billion, a P/E ratio of 6.30, a price-to-earnings-growth ratio of 1.35 and a beta of 1.25. John Bean Technologies has a one year low of $82.64 and a one year high of $118.27.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $453.80 million for the quarter, compared to analysts’ expectations of $442.20 million. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. Analysts forecast that John Bean Technologies will post 5.18 EPS for the current year.

John Bean Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid 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 yield of 0.34%. John Bean Technologies’s dividend payout ratio (DPR) is currently 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.