John Bean Technologies (NYSE:JBT) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $3.67-$3.85 for the period, compared to the Thomson Reuters consensus estimate of $3.72. The company issued revenue guidance of +10-13% to ~$1.798-$1.847 billion, compared to the consensus revenue estimate of $1.77 billion.
John Bean Technologies (JBT) traded up $1.15 on Monday, hitting $122.30. The stock had a trading volume of 219,224 shares, compared to its average volume of 121,348. The stock has a market capitalization of $3,824.43, a price-to-earnings ratio of 44.87, a P/E/G ratio of 2.21 and a beta of 1.32. John Bean Technologies has a one year low of $82.45 and a one year high of $122.65. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.28 and a quick ratio of 0.82.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, March 5th will be issued a $0.10 dividend. The ex-dividend date is Friday, March 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. This is a positive change from John Bean Technologies’s previous quarterly dividend of $0.09. John Bean Technologies’s dividend payout ratio is presently 14.81%.
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About John Bean Technologies
John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.
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