John Bean Technologies Corp (NYSE:JBT) – Equities research analysts at Seaport Global Securities increased their Q2 2018 earnings per share (EPS) estimates for shares of John Bean Technologies in a research report issued on Wednesday, April 4th. Seaport Global Securities analyst W. Liptak now forecasts that the industrial products company will post earnings of $1.06 per share for the quarter, up from their previous forecast of $1.05. Seaport Global Securities also issued estimates for John Bean Technologies’ Q4 2018 earnings at $1.31 EPS, FY2018 earnings at $3.97 EPS, Q1 2019 earnings at $0.58 EPS, Q3 2019 earnings at $1.43 EPS, Q4 2019 earnings at $1.49 EPS and FY2019 earnings at $4.58 EPS.
John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data on Monday, February 26th. The industrial products company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.02. John Bean Technologies had a return on equity of 23.93% and a net margin of 4.92%. The firm had revenue of $483.70 million during the quarter, compared to the consensus estimate of $470.35 million. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis.
Shares of JBT stock opened at $111.05 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.33 and a debt-to-equity ratio of 0.84. John Bean Technologies has a fifty-two week low of $82.45 and a fifty-two week high of $122.65. The company has a market capitalization of $3,465.60, a price-to-earnings ratio of 35.82, a P/E/G ratio of 1.79 and a beta of 1.25.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Monday, March 5th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Friday, March 2nd. This is an increase from John Bean Technologies’s previous quarterly dividend of $0.09. John Bean Technologies’s dividend payout ratio is currently 12.90%.
Institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. bought a new position in shares of John Bean Technologies during the fourth quarter valued at approximately $201,000. BB&T Corp bought a new position in shares of John Bean Technologies during the fourth quarter valued at approximately $206,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of John Bean Technologies by 43.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the industrial products company’s stock valued at $212,000 after acquiring an additional 581 shares in the last quarter. Carnegie Capital Asset Management LLC bought a new position in shares of John Bean Technologies during the fourth quarter valued at approximately $244,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of John Bean Technologies during the fourth quarter valued at approximately $245,000.
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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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