Zacks Research Has Strong Forecast for JBT FY2024 Earnings

John Bean Technologies Co. (NYSE:JBT) – Investment analysts at Zacks Research upped their FY2024 earnings per share estimates for John Bean Technologies in a note issued to investors on Tuesday, November 12th. Zacks Research analyst S. Deb now anticipates that the industrial products company will post earnings per share of $5.19 for the year, up from their prior forecast of $5.14. The consensus estimate for John Bean Technologies’ current full-year earnings is $5.21 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 Trading Down 2.6 %

Shares of NYSE:JBT opened at $117.75 on Thursday. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.59 and a beta of 1.22. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. John Bean Technologies has a 12 month low of $82.64 and a 12 month high of $122.90. The company’s fifty day simple moving average is $101.92 and its 200 day simple moving average is $96.47.

John Bean Technologies (NYSE:JBT) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JBT. CWM LLC grew its stake in shares of John Bean Technologies by 113.2% during the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 172 shares in the last quarter. Wolverine Asset Management LLC bought a new position in John Bean Technologies in the third quarter valued at $39,000. Lazard Asset Management LLC acquired a new stake in John Bean Technologies in the 1st quarter valued at $61,000. Innealta Capital LLC bought a new stake in John Bean Technologies during the 2nd quarter worth about $73,000. Finally, Kimelman & Baird LLC acquired a new position in shares of John Bean Technologies during the 2nd quarter worth about $85,000. 98.92% of the stock is currently owned by institutional investors.

John Bean Technologies Company Profile

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.