John Bean Technologies (NYSE:JBT) issued an update on its FY 2018 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.00-4.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.04. John Bean Technologies also updated its FY18 guidance to $4.00-4.10 EPS.
Shares of John Bean Technologies stock traded up $0.58 during trading on Friday, hitting $90.97. The stock had a trading volume of 4,542 shares, compared to its average volume of 155,769. The stock has a market cap of $3.20 billion, a P/E ratio of 29.50, a PEG ratio of 1.56 and a beta of 1.18. John Bean Technologies has a 12 month low of $84.81 and a 12 month high of $123.90. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.80 and a current ratio of 1.33.
John Bean Technologies (NYSE:JBT) last released its quarterly earnings results on Wednesday, October 31st. The industrial products company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.05). The firm had revenue of $481.90 million during the quarter, compared to the consensus estimate of $489.81 million. John Bean Technologies had a return on equity of 26.58% and a net margin of 4.43%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS. Sell-side analysts predict that John Bean Technologies will post 4.03 earnings per share for the current year.
Several research analysts recently issued reports on JBT shares. ValuEngine lowered shares of John Bean Technologies from a buy rating to a hold rating in a research report on Tuesday, October 2nd. Zacks Investment Research lowered shares of John Bean Technologies from a buy rating to a hold rating in a research report on Thursday, August 16th. TheStreet upgraded shares of John Bean Technologies from a c+ rating to an a- rating in a research report on Thursday, July 26th. JPMorgan Chase & Co. lowered shares of John Bean Technologies from a neutral rating to an underweight rating and set a $88.00 target price for the company. in a research report on Friday, September 21st. Finally, BMO Capital Markets upped their target price on shares of John Bean Technologies from $115.00 to $120.00 and gave the stock an outperform rating in a research report on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $106.14.
John Bean Technologies Company Profile
John Bean Technologies Corporation designs, manufactures, tests, installs, and services products and systems for the food and beverage, and air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing solutions, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.
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