John Bean Technologies (NYSE:JBT) Updates FY 2024 Earnings Guidance

John Bean Technologies (NYSE:JBT) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 5.050-5.350 for the period, compared to the consensus EPS estimate of 5.160. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.7 billion. John Bean Technologies also updated its FY24 guidance to $5.05-5.35 EPS.

John Bean Technologies Price Performance

Shares of NYSE:JBT traded down $2.45 during midday trading on Tuesday, hitting $95.26. The company had a trading volume of 282,754 shares, compared to its average volume of 256,470. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.54 and a quick ratio of 1.96. The business’s 50-day simple moving average is $92.57 and its 200-day simple moving average is $93.66. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 5.18, a price-to-earnings-growth ratio of 1.35 and a beta of 1.25. John Bean Technologies has a twelve month low of $82.64 and a twelve month high of $109.91.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.19). The company had revenue of $402.30 million during the quarter, compared to analysts’ expectations of $432.67 million. John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 earnings per share. On average, research analysts predict that John Bean Technologies will post 5.18 earnings per share for the current year.

John Bean Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. John Bean Technologies’s dividend payout ratio (DPR) is presently 2.13%.

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.