Brokerages predict that John Bean Technologies Corporation (NYSE:JBT) will post sales of $469.15 million for the current quarter, Zacks reports. Five analysts have provided estimates for John Bean Technologies Corporation’s earnings, with the highest sales estimate coming in at $473.10 million and the lowest estimate coming in at $466.84 million. John Bean Technologies Corporation posted sales of $405.00 million during the same quarter last year, which suggests a positive year over year growth rate of 15.8%. The business is scheduled to issue its next quarterly earnings results on Monday, February 26th.

According to Zacks, analysts expect that John Bean Technologies Corporation will report full-year sales of $469.15 million for the current year. For the next year, analysts forecast that the firm will post sales of $1.75 billion per share, with estimates ranging from $1.73 billion to $1.78 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for John Bean Technologies Corporation.

John Bean Technologies Corporation (NYSE:JBT) last released its earnings results on Monday, October 23rd. The industrial products company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. John Bean Technologies Corporation had a return on equity of 25.51% and a net margin of 5.41%. The firm had revenue of $420.80 million during the quarter, compared to the consensus estimate of $414.17 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue was up 20.4% compared to the same quarter last year.

JBT has been the subject of several recent research reports. Robert W. Baird set a $101.00 price target on John Bean Technologies Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded John Bean Technologies Corporation from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research report on Thursday, October 26th. Finally, BidaskClub cut John Bean Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $104.86.

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In related news, Director Caroline Maury Devine sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $88.16, for a total transaction of $176,320.00. Following the completion of the sale, the director now directly owns 48,592 shares in the company, valued at $4,283,870.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven R. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $86.78, for a total value of $867,800.00. Following the sale, the executive vice president now owns 50,811 shares of the company’s stock, valued at $4,409,378.58. The disclosure for this sale can be found here. 1.81% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC increased its position in shares of John Bean Technologies Corporation by 15.7% during the third quarter. Sterling Capital Management LLC now owns 19,800 shares of the industrial products company’s stock worth $2,002,000 after purchasing an additional 2,690 shares in the last quarter. DF Dent & Co. Inc. increased its position in shares of John Bean Technologies Corporation by 37.8% during the third quarter. DF Dent & Co. Inc. now owns 6,339 shares of the industrial products company’s stock worth $641,000 after purchasing an additional 1,739 shares in the last quarter. California Public Employees Retirement System increased its position in shares of John Bean Technologies Corporation by 6.1% during the third quarter. California Public Employees Retirement System now owns 74,245 shares of the industrial products company’s stock worth $7,506,000 after purchasing an additional 4,245 shares in the last quarter. Bamco Inc. NY increased its position in shares of John Bean Technologies Corporation by 93.3% during the third quarter. Bamco Inc. NY now owns 773,300 shares of the industrial products company’s stock worth $78,181,000 after purchasing an additional 373,300 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its stake in John Bean Technologies Corporation by 81.9% during the third quarter. Vident Investment Advisory LLC now owns 140,119 shares of the industrial products company’s stock worth $14,384,000 after buying an additional 63,099 shares during the last quarter. Hedge funds and other institutional investors own 99.25% of the company’s stock.

Shares of John Bean Technologies Corporation (NYSE:JBT) traded up $0.45 during mid-day trading on Friday, reaching $112.35. The company had a trading volume of 111,949 shares, compared to its average volume of 198,869. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.82 and a current ratio of 1.28. The stock has a market capitalization of $3,546.64, a PE ratio of 39.56, a P/E/G ratio of 2.25 and a beta of 1.32. John Bean Technologies Corporation has a 52 week low of $80.55 and a 52 week high of $115.20.

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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Earnings History and Estimates for John Bean Technologies Corporation (NYSE:JBT)

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