John Bean Technologies (NYSE:JBT) Issues FY24 Earnings Guidance

John Bean Technologies (NYSE:JBT) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $5.05-5.35 for the period, compared to the consensus EPS estimate of $5.16. The company issued revenue guidance of $1.715-1.750 billion, compared to the consensus revenue estimate of $1.73 billion.

John Bean Technologies Trading Down 2.5 %

NYSE:JBT traded down $2.45 on Tuesday, hitting $95.26. The stock had a trading volume of 282,572 shares, compared to its average volume of 256,469. The company has a fifty day moving average price of $92.57 and a two-hundred day moving average price of $93.66. The company has a quick ratio of 1.96, a current ratio of 2.54 and a debt-to-equity ratio of 0.43. John Bean Technologies has a 1-year low of $82.64 and a 1-year high of $109.91. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 5.18, a PEG ratio of 1.35 and a beta of 1.25.

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

John Bean Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. John Bean Technologies’s dividend payout ratio is currently 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.