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.
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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