Equities Analysts Set Expectations for JBT FY2024 Earnings

John Bean Technologies Co. (NYSE:JBT) – Equities researchers at Zacks Research increased their FY2024 EPS estimates for John Bean Technologies in a report issued on Tuesday, November 12th. Zacks Research analyst S. Deb now expects that the industrial products company will post earnings of $5.19 per share for the year, up from their prior estimate of $5.14. The consensus estimate for John Bean Technologies’ current full-year earnings is $5.23 per share. Zacks Research also issued estimates for John Bean Technologies’ Q4 2024 earnings at $1.79 EPS, Q4 2025 earnings at $1.88 EPS, FY2025 earnings at $5.61 EPS and FY2026 earnings at $5.79 EPS.

John Bean Technologies Price Performance

Shares of JBT stock opened at $116.42 on Thursday. The business’s fifty day moving average is $102.49 and its 200 day moving average is $96.65. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.68 and a beta of 1.22. John Bean Technologies has a twelve month low of $82.64 and a twelve month high of $122.90.

John Bean Technologies (NYSE:JBT) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. The firm 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 10.16% and a net margin of 10.25%. The business’s revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 earnings per share.

Hedge Funds Weigh In On John Bean Technologies

Large investors have recently modified their holdings of the stock. CWM LLC raised its stake in shares of John Bean Technologies by 113.2% in the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 172 shares during the last quarter. Wolverine Asset Management LLC bought a new position in John Bean Technologies during the 3rd quarter valued at about $39,000. Lazard Asset Management LLC purchased a new stake in shares of John Bean Technologies during the 1st quarter valued at about $61,000. Innealta Capital LLC bought a new stake in shares of John Bean Technologies in the second quarter worth approximately $73,000. Finally, Kimelman & Baird LLC purchased a new position in shares of John Bean Technologies during the second quarter valued at approximately $85,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

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.