Seaport Res Ptn Has Negative Outlook of JBT FY2025 Earnings

John Bean Technologies Co. (NYSE:JBT) – Equities researchers at Seaport Res Ptn reduced their FY2025 earnings estimates for John Bean Technologies in a research report issued on Wednesday, October 23rd. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will post earnings per share of $5.63 for the year, down from their prior estimate of $5.67. The consensus estimate for John Bean Technologies’ current full-year earnings is $5.18 per share.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. 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 company posted $1.11 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis.

John Bean Technologies Trading Up 5.2 %

NYSE:JBT opened at $118.02 on Friday. The company’s 50 day moving average price is $93.77 and its 200-day moving average price is $93.93. John Bean Technologies has a 52 week low of $82.64 and a 52 week high of $118.27. The company has a quick ratio of 1.96, a current ratio of 2.54 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 1.35 and a beta of 1.25.

John Bean Technologies Dividend Announcement

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

Institutional Investors Weigh In On John Bean Technologies

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of John Bean Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 3,524,626 shares of the industrial products company’s stock valued at $369,698,000 after buying an additional 31,798 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in John Bean Technologies by 7.8% in the first quarter. Champlain Investment Partners LLC now owns 1,545,159 shares of the industrial products company’s stock worth $162,072,000 after purchasing an additional 112,035 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in John Bean Technologies by 57.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company’s stock worth $121,507,000 after purchasing an additional 466,846 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in John Bean Technologies by 2.7% in the second quarter. Conestoga Capital Advisors LLC now owns 951,534 shares of the industrial products company’s stock worth $90,367,000 after purchasing an additional 24,981 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in John Bean Technologies by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 778,178 shares of the industrial products company’s stock worth $73,908,000 after purchasing an additional 19,549 shares during the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

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.