News headlines about John Bean Technologies Corporation (NYSE:JBT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. John Bean Technologies Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.8158988631644 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Ground Support Equipment (openpr.com)
- Analyzing Altra Industrial Motion Corp. (AIMC) and John Bean Technologies Corporation (JBT) (americanbankingnews.com)
- North America Food Processing Machinery Market is poised to reach USD 9.2 billion by 2021 (reports.pr-inside.com)
- Middle East And Africa Food Processing Machinery Market is estimated to reach USD 6.2 billion by 2021 | Market Data Forecast (emailwire.com)
- Analyzing John Bean Technologies Corporation (JBT) & Nordson Corporation (NDSN) (americanbankingnews.com)
A number of research firms have recently issued reports on JBT. BidaskClub downgraded John Bean Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. J P Morgan Chase & Co began coverage on John Bean Technologies Corporation in a research note on Friday, June 2nd. They issued a “neutral” rating and a $88.00 price target on the stock. Robert W. Baird set a $101.00 price target on John Bean Technologies Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Zacks Investment Research downgraded John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $99.86.
John Bean Technologies Corporation (NYSE JBT) opened at 95.80 on Friday. The stock has a 50 day moving average price of $90.11 and a 200-day moving average price of $89.63. The stock has a market capitalization of $3.03 billion, a P/E ratio of 37.10 and a beta of 1.32. John Bean Technologies Corporation has a 1-year low of $65.09 and a 1-year high of $99.20.
John Bean Technologies Corporation (NYSE:JBT) last announced its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The firm had revenue of $386.10 million for the quarter, compared to analyst estimates of $381.49 million. John Bean Technologies Corporation had a net margin of 5.32% and a return on equity of 29.18%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 earnings per share. Equities research analysts expect that John Bean Technologies Corporation will post $3.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 17th. This is a positive change from John Bean Technologies Corporation’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. John Bean Technologies Corporation’s payout ratio is 15.44%.
In other news, EVP Steven R. Smith sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $86.78, for a total transaction of $867,800.00. Following the sale, the executive vice president now directly owns 50,811 shares of the company’s stock, valued at $4,409,378.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Caroline Maury Devine sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $88.16, for a total transaction of $176,320.00. Following the sale, the director now directly owns 48,592 shares in the company, valued at $4,283,870.72. The disclosure for this sale can be found here. Insiders have sold 15,103 shares of company stock worth $1,314,919 over the last three months. Corporate insiders own 1.81% of the company’s stock.
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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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