What is Zacks Research’s Estimate for JBT FY2024 Earnings?

John Bean Technologies Co. (NYSE:JBT) – Equities researchers at Zacks Research lifted their FY2024 earnings estimates for John Bean Technologies in a research note issued to investors on Tuesday, November 12th. Zacks Research analyst S. Deb now anticipates that the industrial products company will earn $5.19 per share for the year, up from their previous forecast of $5.14. The consensus estimate for John Bean Technologies’ current full-year earnings is $5.21 per share. Zacks Research also issued estimates for John Bean Technologies’ Q4 2024 earnings at $1.79 EPS, Q4 2025 earnings at $1.88 EPS, FY2025 earnings at $5.61 EPS and FY2026 earnings at $5.79 EPS.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 EPS.

John Bean Technologies Price Performance

John Bean Technologies stock opened at $117.75 on Thursday. The business’s 50-day simple moving average is $101.92 and its 200 day simple moving average is $96.47. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 1.59 and a beta of 1.22. John Bean Technologies has a 12-month low of $82.64 and a 12-month high of $122.90.

Hedge Funds Weigh In On John Bean Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Verition Fund Management LLC acquired a new position in John Bean Technologies in the third quarter valued at about $1,293,000. HBK Investments L P increased its stake in shares of John Bean Technologies by 638.5% in the 3rd quarter. HBK Investments L P now owns 31,343 shares of the industrial products company’s stock valued at $3,088,000 after acquiring an additional 27,099 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of John Bean Technologies in the 3rd quarter valued at approximately $2,955,000. PEAK6 Investments LLC bought a new position in John Bean Technologies during the 3rd quarter worth approximately $356,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in John Bean Technologies by 170.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,184 shares of the industrial products company’s stock valued at $82,964,000 after purchasing an additional 531,298 shares during the period. 98.92% of the stock is owned by institutional investors.

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.