John Bean Technologies (NYSE:JBT) Releases FY20 Earnings Guidance

John Bean Technologies (NYSE:JBT) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.15-5.35 for the period, compared to the Thomson Reuters consensus estimate of $5.28. The company issued revenue guidance of $2.00-2.02 billion, compared to the consensus revenue estimate of $2.04 billion.John Bean Technologies also updated its FY 2020
After-Hours guidance to 5.15-5.35 EPS.

Separately, ValuEngine upgraded shares of John Bean Technologies from a strong sell rating to a sell rating in a report on Friday, December 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $117.67.

Shares of JBT stock traded down $1.48 during trading hours on Wednesday, reaching $109.90. 197,072 shares of the stock traded hands, compared to its average volume of 126,978. John Bean Technologies has a 1-year low of $85.39 and a 1-year high of $127.97. The business has a fifty day moving average price of $114.03 and a 200 day moving average price of $108.04. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $3.58 billion, a PE ratio of 27.20, a PEG ratio of 2.37 and a beta of 1.45.

In other news, Director Caroline Maury Devine sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $113.55, for a total transaction of $34,065.00. Following the sale, the director now owns 49,646 shares in the company, valued at $5,637,303.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.23% of the stock is owned by 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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