John Bean Technologies (NYSE:JBT – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $5.05-5.35 for the period, compared to the consensus estimate of $5.16. The company issued revenue guidance of $1.715-1.750 billion, compared to the consensus revenue estimate of $1.74 billion. John Bean Technologies also updated its FY 2024 guidance to 5.050-5.350 EPS.
John Bean Technologies Stock Performance
John Bean Technologies stock traded down $2.52 during trading hours on Friday, reaching $92.78. 63,125 shares of the company were exchanged, compared to its average volume of 261,711. John Bean Technologies has a 12 month low of $88.03 and a 12 month high of $114.30. The company has a current ratio of 2.37, a quick ratio of 1.83 and a debt-to-equity ratio of 0.43. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 5.08, a PEG ratio of 1.50 and a beta of 1.27. The stock has a 50-day moving average of $95.98 and a 200 day moving average of $97.10.
John Bean Technologies (NYSE:JBT – Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.19). John Bean Technologies had a net margin of 36.66% and a return on equity of 9.79%. The company had revenue of $402.30 million during the quarter, compared to the consensus estimate of $432.67 million. During the same period last year, the company earned $0.97 earnings per share. John Bean Technologies’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, research analysts anticipate that John Bean Technologies will post 5.19 earnings per share for the current year.
John Bean Technologies Dividend Announcement
Wall Street Analysts Forecast Growth
Separately, William Blair reiterated a market perform rating on shares of John Bean Technologies in a research report on Thursday, May 2nd.
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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.
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