Media coverage about John Bean Technologies (NYSE:JBT) has been trending somewhat positive on Tuesday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. John Bean Technologies earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.4021376781421 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of John Bean Technologies (NYSE JBT) traded down $0.45 during trading hours on Tuesday, hitting $110.05. 149,875 shares of the company’s stock were exchanged, compared to its average volume of 177,769. John Bean Technologies has a 52 week low of $80.70 and a 52 week high of $120.55. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.82 and a current ratio of 1.28. The stock has a market cap of $3,491.39, a P/E ratio of 38.94, a PEG ratio of 2.22 and a beta of 1.35.
John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data on Monday, October 23rd. The industrial products company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.04. The company had revenue of $420.80 million for the quarter, compared to the consensus estimate of $414.17 million. John Bean Technologies had a net margin of 5.41% and a return on equity of 25.51%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. research analysts expect that John Bean Technologies will post 3.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date is Friday, December 15th. John Bean Technologies’s dividend payout ratio (DPR) is 14.81%.
JBT has been the topic of a number of recent analyst reports. Bank of America downgraded shares of John Bean Technologies from a “neutral” rating to an “underperform” rating in a research report on Friday. Robert W. Baird increased their price objective on shares of John Bean Technologies from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, Zacks Investment Research downgraded shares of John Bean Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $105.57.
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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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