John Bean Technologies (NYSE:JBT) Issues 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 Stock Down 1.6 %

Shares of NYSE JBT traded down $1.94 during mid-day trading on Friday, hitting $116.08. The company had a trading volume of 41,150 shares, compared to its average volume of 266,414. The company has a market capitalization of $3.69 billion, a PE ratio of 6.30, a price-to-earnings-growth ratio of 1.35 and a beta of 1.25. The firm has a 50-day simple moving average of $93.77 and a two-hundred day simple moving average of $93.93. The company has a current ratio of 2.54, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43. John Bean Technologies has a one year low of $82.64 and a one year high of $118.55.

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, topping analysts’ consensus estimates of $1.41 by $0.09. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The business had revenue of $453.80 million during the quarter, compared to analysts’ expectations of $442.20 million. During the same quarter last year, the company posted $1.11 earnings per share. John Bean Technologies’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities analysts expect that John Bean Technologies will post 5.18 EPS for the current year.

John Bean Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors 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 yield of 0.34%. The ex-dividend date was Monday, August 19th. John Bean Technologies’s payout ratio is currently 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.