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

John Bean Technologies (NYSE:JBT) released its earnings results on Tuesday. The industrial products company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09, Briefing.com reports. John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. The business had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. During the same quarter last year, the firm earned $1.11 earnings per share. The firm’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 Down 1.9 %

JBT stock traded down $2.19 during mid-day trading on Friday, reaching $115.83. The company had a trading volume of 74,379 shares, compared to its average volume of 266,574. John Bean Technologies has a 52 week low of $82.64 and a 52 week high of $118.55. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 1.35 and a beta of 1.25. 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 stock has a 50 day simple moving average of $93.77 and a two-hundred day simple moving average of $93.93.

John Bean Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were given 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 0.35%. John Bean Technologies’s dividend payout ratio (DPR) is presently 2.13%.

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.