John Bean Technologies Corporation (NYSE:JBT) Receives Media Impact Rating of 0.14
Media stories about John Bean Technologies Corporation (NYSE:JBT) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. John Bean Technologies Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.3531135666132 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Airport Stands Equipment Global Market, Data Validation, Analysis and Forecasts to 2023 (emailwire.com)
- JBT Corporation Announces Hiring of Paul Sternlieb as EVP and President of Protein (finance.yahoo.com)
- ETFs with exposure to John Bean Technologies Corp. : October 11, 2017 (finance.yahoo.com)
- John Bean Technologies Trading Near Top Of Buy Range Ahead Of Earnings (finance.yahoo.com)
- Stocks To Watch: John Bean Technologies Sees RS Rating Rise To 81 (finance.yahoo.com)
John Bean Technologies Corporation (NYSE JBT) traded up 3.65% during midday trading on Friday, reaching $103.75. 192,456 shares of the company’s stock traded hands. John Bean Technologies Corporation has a 52-week low of $71.85 and a 52-week high of $103.85. The company’s 50-day moving average price is $95.63 and its 200-day moving average price is $91.18. The stock has a market cap of $3.28 billion, a P/E ratio of 40.18 and a beta of 1.35.
John Bean Technologies Corporation (NYSE:JBT) last issued its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.07. The business had revenue of $386.10 million during the quarter, compared to analyst estimates of $381.49 million. John Bean Technologies Corporation had a net margin of 5.32% and a return on equity of 29.18%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. On average, equities analysts predict that John Bean Technologies Corporation will post $3.03 EPS for the current fiscal year.
A number of equities analysts recently weighed in on JBT shares. BidaskClub raised shares of John Bean Technologies Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Robert W. Baird set a $101.00 target price on shares of John Bean Technologies Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Zacks Investment Research downgraded shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $99.33.
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In other John Bean Technologies Corporation news, VP Megan J. Rattigan sold 3,103 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $87.27, for a total transaction of $270,798.81. Following the completion of the sale, the vice president now directly owns 26,091 shares in the company, valued at approximately $2,276,961.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Caroline Maury Devine sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $88.16, for a total transaction of $176,320.00. Following the sale, the director now owns 48,592 shares of the company’s stock, valued at $4,283,870.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,103 shares of company stock valued at $1,314,919. 1.81% of the stock is owned by company insiders.
About John Bean Technologies Corporation
John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.
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