John Bean Technologies (NYSE:JBT) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.05-1.10 for the period, compared to the Thomson Reuters consensus estimate of $1.12. The company issued revenue guidance of $500-510 million, compared to the consensus revenue estimate of $524.34 million.John Bean Technologies also updated its FY 2019 guidance to $4.70-4.90 EPS.

NYSE JBT traded down $0.08 during trading hours on Monday, hitting $121.43. The company had a trading volume of 150,100 shares, compared to its average volume of 177,760. John Bean Technologies has a fifty-two week low of $66.28 and a fifty-two week high of $127.97. The company has a current ratio of 1.38, a quick ratio of 0.88 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average of $119.81. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 2.39 and a beta of 1.51.

John Bean Technologies (NYSE:JBT) last issued its earnings results on Monday, April 29th. The industrial products company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.31. John Bean Technologies had a return on equity of 34.12% and a net margin of 6.36%. The firm had revenue of $417.50 million for the quarter, compared to analyst estimates of $390.44 million. During the same period last year, the company earned $0.34 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts expect that John Bean Technologies will post 4.56 earnings per share for the current fiscal year.

A number of brokerages have recently commented on JBT. ValuEngine lowered Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Zacks Investment Research lowered W. R. Grace & Co from a buy rating to a hold rating in a report on Wednesday, May 1st. Wells Fargo & Co reissued a hold rating and set a $130.00 price target on shares of Kimberly Clark in a report on Tuesday, July 23rd. Finally, Wellington Shields lowered John Bean Technologies from a buy rating to a hold rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $106.60.

In related news, EVP James L. Marvin sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $122.48, for a total transaction of $183,720.00. Following the completion of the transaction, the executive vice president now owns 19,813 shares of the company’s stock, valued at $2,426,696.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Caroline Maury Devine sold 300 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $114.30, for a total value of $34,290.00. Following the transaction, the director now directly owns 50,246 shares of the company’s stock, valued at approximately $5,743,117.80. The disclosure for this sale can be found here. 2.23% of the stock is currently owned by company insiders.

John Bean Technologies Company Profile

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to 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, 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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Earnings History and Estimates for John Bean Technologies (NYSE:JBT)

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