Wall Street brokerages predict that John Bean Technologies Corp (NYSE:JBT) will announce $373.67 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for John Bean Technologies’ earnings, with the lowest sales estimate coming in at $368.20 million and the highest estimate coming in at $376.24 million. John Bean Technologies reported sales of $344.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.5%. The firm is expected to report its next earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that John Bean Technologies will report full-year sales of $373.67 million for the current fiscal year, with estimates ranging from $1.81 billion to $1.85 billion. For the next year, analysts forecast that the firm will report sales of $1.97 billion per share, with estimates ranging from $1.93 billion to $2.07 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for John Bean Technologies.
John Bean Technologies (NYSE:JBT) last released its earnings results on Monday, February 26th. The industrial products company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. The company had revenue of $483.70 million during the quarter, compared to the consensus estimate of $470.35 million. John Bean Technologies had a return on equity of 23.93% and a net margin of 4.92%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 earnings per share.
John Bean Technologies (NYSE JBT) traded up $1.45 during mid-day trading on Thursday, hitting $121.80. The stock had a trading volume of 333,432 shares, compared to its average volume of 166,876. The company has a market capitalization of $3,846.08, a P/E ratio of 48.14, a P/E/G ratio of 1.98 and a beta of 1.32. John Bean Technologies has a 12 month low of $82.45 and a 12 month high of $122.65. The company has a current ratio of 1.33, a quick ratio of 0.90 and a debt-to-equity ratio of 0.84.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Monday, March 5th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is 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 15.81%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. bought a new stake in John Bean Technologies in the fourth quarter valued at about $201,000. BB&T Corp bought a new stake in John Bean Technologies in the fourth quarter valued at about $206,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in John Bean Technologies by 43.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 581 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in John Bean Technologies in the fourth quarter valued at about $245,000. Finally, Carnegie Capital Asset Management LLC bought a new stake in John Bean Technologies in the fourth quarter valued at about $244,000.
TRADEMARK VIOLATION NOTICE: “$373.67 Million in Sales Expected for John Bean Technologies Corp (JBT) This Quarter” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.com-unik.info/2018/03/18/373-67-million-in-sales-expected-for-john-bean-technologies-corp-jbt-this-quarter.html.
John Bean Technologies Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for John Bean Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies and related companies with MarketBeat.com's FREE daily email newsletter.