John Bean Technologies (NYSE:JBT) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

by · The Cerbat Gem

John Bean Technologies (NYSE:JBT – Get Free Report) announced its quarterly earnings data on Tuesday. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09, Briefing.com reports. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The firm had revenue of $453.80 million for the quarter, compared to analysts’ expectations of $442.20 million. During the same quarter in the prior year, the firm posted $1.11 earnings per share. John Bean Technologies’s revenue for the quarter was up 12.4% compared to the same quarter last year. John Bean Technologies updated its FY24 guidance to $5.05-5.35 EPS and its FY 2024 guidance to 5.050-5.350 EPS.

John Bean Technologies Stock Performance

Shares of John Bean Technologies stock traded up $5.87 during trading hours on Thursday, reaching $118.02. The company’s stock had a trading volume of 882,188 shares, compared to its average volume of 267,507. John Bean Technologies has a one year low of $82.64 and a one year high of $118.27. The company’s 50 day simple moving average is $93.77 and its 200 day simple moving average is $93.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.54. The stock has a market cap of $3.76 billion, a P/E ratio of 6.30, a price-to-earnings-growth ratio of 1.35 and a beta of 1.25.

John Bean Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 0.34%. John Bean Technologies’s payout ratio is 2.13%.

John Bean Technologies Company Profile

(Get Free Report)

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.

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