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 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 $1.73 billion.

John Bean Technologies Price Performance

NYSE:JBT traded down $2.45 during trading hours on Tuesday, hitting $95.26. The company’s stock had a trading volume of 282,598 shares, compared to its average volume of 256,177. The stock has a fifty day simple moving average of $92.57 and a 200-day simple moving average of $93.66. The company has a market capitalization of $3.03 billion, a P/E ratio of 5.18, 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. John Bean Technologies has a twelve month low of $82.64 and a twelve month high of $109.91.

John Bean Technologies (NYSE:JBT) last posted its earnings results 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). The firm had revenue of $402.30 million during the quarter, compared to the consensus estimate of $432.67 million. John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. John Bean Technologies’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share. On average, analysts anticipate that John Bean Technologies will post 5.18 EPS for the current fiscal year.

John Bean Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a $0.10 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. John Bean Technologies’s dividend payout ratio (DPR) is presently 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.