John Bean Technologies (NYSE:JBT) Releases FY 2024 Earnings Guidance

John Bean Technologies (NYSE:JBT) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 5.050-5.350 for the period, compared to the consensus earnings per share 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 Performance

NYSE:JBT traded up $10.53 during mid-day trading on Wednesday, reaching $105.79. The stock had a trading volume of 609,989 shares, compared to its average volume of 258,334. John Bean Technologies has a twelve month low of $82.64 and a twelve month high of $109.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.54. The business has a 50 day simple moving average of $92.70 and a 200 day simple moving average of $93.64. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 5.61, a PEG ratio of 1.35 and a beta of 1.25.

John Bean Technologies (NYSE:JBT) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $442.20 million. During the same period last year, the firm posted $1.11 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts expect that John Bean Technologies will post 5.18 earnings per share for the current fiscal year.

John Bean Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. John Bean Technologies’s dividend payout ratio (DPR) 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.