News coverage about John Bean Technologies (NYSE:JBT) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. John Bean Technologies earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.1518548306394 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several brokerages recently issued reports on JBT. ValuEngine upgraded shares of John Bean Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research upgraded shares of John Bean Technologies from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research report on Saturday, March 3rd. Wells Fargo & Co set a $115.00 price target on shares of John Bean Technologies and gave the company a “buy” rating in a research report on Thursday, May 3rd. Bank of America lowered their price objective on shares of John Bean Technologies from $104.00 to $84.00 and set an “underperform” rating for the company in a research note on Friday, May 4th. Finally, Seaport Global Securities downgraded shares of John Bean Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $125.00 to $94.00 in a research note on Thursday, May 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $108.00.
Shares of NYSE JBT traded up $0.10 on Thursday, reaching $89.20. 199,600 shares of the company’s stock traded hands, compared to its average volume of 190,525. John Bean Technologies has a 12 month low of $84.81 and a 12 month high of $122.65. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.69 and a current ratio of 1.25. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 1.41 and a beta of 1.21.
John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Tuesday, May 1st. The industrial products company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). John Bean Technologies had a net margin of 3.78% and a return on equity of 21.73%. The firm had revenue of $409.20 million for the quarter, compared to analysts’ expectations of $373.20 million. During the same quarter in the previous year, the company earned $0.59 EPS. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. analysts forecast that John Bean Technologies will post 4 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 7th. Investors of record on Thursday, May 24th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.45%. The ex-dividend date was Wednesday, May 23rd. John Bean Technologies’s dividend payout ratio is currently 12.90%.
In other John Bean Technologies news, VP Brian A. Deck purchased 1,000 shares of the firm’s stock in a transaction on Thursday, May 31st. The shares were acquired at an average cost of $87.92 per share, for a total transaction of $87,920.00. Following the completion of the transaction, the vice president now owns 49,973 shares of the company’s stock, valued at $4,393,626.16. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Polly B. Kawalek purchased 300 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was acquired at an average price of $86.44 per share, for a total transaction of $25,932.00. Following the completion of the transaction, the director now directly owns 67,577 shares of the company’s stock, valued at approximately $5,841,355.88. The disclosure for this purchase can be found here. Company insiders own 2.24% of the company’s stock.
John Bean Technologies Company Profile
John Bean Technologies Corporation designs, manufactures, tests, installs, and services products and systems for the food and beverage, and air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing solutions, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.
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