John Bean Technologies (NYSE:JBT - Get Free Report) released its quarterly earnings data on Tuesday. The industrial products company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09, Briefing.com reports. John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. The company 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 earned $1.11 EPS. John Bean Technologies's revenue for the quarter was up 12.4% on a year-over-year basis. John Bean Technologies updated its FY24 guidance to $5.05-5.35 EPS and its FY 2024 guidance to 5.050-5.350 EPS.
John Bean Technologies Price Performance
JBT stock traded up $16.89 during mid-day trading on Wednesday, reaching $112.15. 1,831,331 shares of the company traded hands, compared to its average volume of 264,318. The company has a fifty day moving average price of $93.19 and a 200-day moving average price of $93.77. John Bean Technologies has a 52-week low of $82.64 and a 52-week high of $112.89. The company has a market capitalization of $3.57 billion, a P/E ratio of 5.98, a P/E/G 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 Dividend Announcement
The business also recently announced 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 of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 0.36%. John Bean Technologies's dividend payout ratio is currently 2.13%.
John Bean Technologies Company Profile
(
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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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