John Bean Technologies Corp. (NYSE:JBT) updated its FY13 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.32-1.38 for the period, compared to the Thomson Reuters consensus estimate of $1.36, Analyst Ratings Net reports.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of John Bean Technologies Corp. from a neutral rating to an underperform rating in a research note to investors on Friday, October 11th. They now have a $24.50 price target on the stock. On a related note, analysts at Global Hunter Securities initiated coverage on shares of John Bean Technologies Corp. in a research note to investors on Wednesday, September 25th. They set a speculative buy rating on the stock. Finally, analysts at Global Hunter Securities initiated coverage on shares of John Bean Technologies Corp. in a research note to investors on Tuesday, August 20th. They set a buy rating and a $31.00 price target on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. John Bean Technologies Corp. currently has an average rating of Hold and a consensus target price of $24.50.
John Bean Technologies Corp. (NYSE:JBT) traded down 1.09% on Wednesday, hitting $27.29. The stock had a trading volume of 95,321 shares. John Bean Technologies Corp. has a one year low of $13.93 and a one year high of $24.83. The stock has a 50-day moving average of $22.9 and a 200-day moving average of $21.60. The company has a market cap of $790.2 million and a price-to-earnings ratio of 21.71.
John Bean Technologies Corp. (NYSE:JBT) last announced its earnings results on Thursday, October 31st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $233.50 million for the quarter, compared to the consensus estimate of $223.20 million. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Analysts expect that John Bean Technologies Corp. will post $1.36 EPS for the current fiscal year.
John Bean Technologies Corporation is a global technology solutions provider for the food processing and air transportation industries.
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