The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Enterprise Value is a measure of a company’s total value, often used as a more comprehensive alternative to equity market capitalization. Enterprise value includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company’s balance sheet.
Based on earnings estimates, John Bean Technologies will have a dividend payout ratio of 6.61% next year. This indicates that John Bean Technologies will be able to sustain or increase its dividend. Money Flow Uptick/Downtick RatioMoney flow measures the relative buying and selling pressure on a stock, based on the value of trades made on an “uptick” in price and the value of trades made on a “downtick” in price. The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades.
- JBT doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
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- Products include ground support equipment and gate equipment.
- Short interest in John Bean Technologies has recently increased by 4.26%, indicating that investor sentiment is decreasing.
- For the full year, our guidance is essentially unchanged with consolidated revenue growth of 7% to 10% and adjusted EBITDA growth of 23% or 170 basis points at the midpoint.
You can sign up for additional alert options at any time. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 3 employees have rated John Bean Technologies Chief Executive Officer Brian Deck on Glassdoor.com. Brian Deck has an approval rating of 70% among the company’s employees.
What Is John Bean Technologies Corporation’s (NYSE:JBT) Share Price Doing?
High institutional ownership can be a signal of strong market trust in this company. In the past three months, John Bean Technologies insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $95,787.00 in company stock. MarketBeat has tracked 16 news articles for John Bean Technologies this week, compared to 2 articles on an average week. The dividend payout ratio of John Bean Technologies is 9.80%.
As of March 15th, there was short interest totaling 849,600 shares, an increase of 15.4% from the February 28th total of 736,300 shares. Based on an average daily trading volume, of 161,100 shares, the days-to-cover ratio is currently 5.3 days. Currently, 2.7% of the company’s shares are short sold. Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.
John Bean Technologies Corporation Fundamentals Summary
Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index quotes are real-time. We’d like to share more about how we work and what drives our day-to-day business. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Baron’s Cliff Greenberg on small-cap growth investing and a Grateful Dead cover band.
John Bean Technologies Corp. is a technology solutions provider, which engages in the food, beverage, and air transportation industries. It operates through the JBT FoodTech and JBT AeroTech business segments. The company was founded on May 12, 1994 and is headquartered in Chicago, IL.
BMO Capital Keeps Their Buy Rating on John Bean Technologies (JBT)
FMC changed names again in 1948, becoming Food Machinery and Chemical Corporation. FMC also produced fire truck fire pumps and pumper bodies, and had an OEM arrangement with LTI (Ladder Towers Inc.) to market aerial ladders. In the early 1980s the Fire apparatus division of FMC tried to expand its role in aerial ladders on fire trucks, leveraging the Link-Belt crane division. FMC was ultimately unsuccessful in its expansion into production of aerial ladders.
For the second quarter of 2023, we anticipate total year-over-year revenue growth of 5% to 9% and adjusted EBITDA margins of 14% at the midpoint, or an improvement of approximately 200 basis points. At FoodTech, we expect revenue growth of 5% to 10% with adjusted EBITDA margins of 18 and three quarters percent. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing – Thermal Products is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
John Bean (JBT) Q3 Earnings Surpass Estimates
2 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for John Bean Technologies in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should “buy” JBT shares. John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries in North America, Europe, Middle East, Africa, Asia Pacific, and Latin America. We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions.
JBT delivered solid Q1 results with double digit year-over-year growth of 13% on revenue and 30% on adjusted EBITDA. At FoodTech, revenue increased 9%, with growth of 2% organic and 10% from acquisitions, partially offset by a 3% negative foreign exchange impact. In addition, JBT Corporation has an automated guided vehicle business focused on material handling in the automotive, food & beverage, manufacturing, printing, warehousing, and hospital industries. Represents the company’s profit divided by the outstanding shares of its common stock. One other stock from the same industry, Zebra Technologies , is yet to report results for the quarter ended March 2023. The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
Real-time analyst ratings, insider transactions, earnings data, and more. According to analysts’ consensus price target of $110.00, John Bean Technologies has a forecasted upside of 1.2% from its current price of $108.71. John Bean Technologies has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Here’s Why John Bean Technologies (NYSE:JBT) Can Manage Its Debt Responsibly
This https://1investing.in/ is at a healthy, sustainable level, below 75%. John Bean Technologies has a short interest ratio (“days to cover”) of 5.6. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. CompareJBT’s historical performanceagainst its industry peers and the overall market. Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.
So in terms of the commercial conversion and onboarding, probably a little bit longer than we had originally anticipated. However, the value proposition and the feedback on how it’s a differentiated product gives us a lot of encouragement as how we go forward from here. Certainly we’re aware of the capital markets, but that’s currently our intent and that’s how we are proceeding. And then when it comes to making decisions on equipment or otherwise, that we’re there for them and probably more than anything, it furthers the conversation that we’re having regarding our customer care business. So, so OmniBlu fits perfectly, and with well, we’ve been focused on developing our customer care business and investing resources on with that over the last several years.
JBT Corporation Provides Earnings Guidance for the Fiscal Year 2022
I will say this, the market is a little bit different than we’ve seen currently than we saw perhaps in 2021 and front half of 2022, where there are a lot of auctions and things of that nature. Today, it’s a lot more one-on-one conversations smaller I’ll call groups of interested parties that are talking to companies. So it’s a little, which is actually good for JBT because that’s how we develop quite a bit of our pipeline is engaging with those customers.
In the movie FMC was fictionalized as A.O.C corporation. Bean also manufactured fire fighting equipment in the 1960s through the 1980s under the FMC and the Bean names. The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
So a significant reduction in the prepare and e file your 2022 2023 ma income taxital investment, which just represents sort of that upfront investment that we were making in sort of the backbone, I guess, if you will of the system. But we do strongly feel that a sale process is the right path for JBT. In terms of the tax and tax basis, just to boil it down, frankly, you’re talking about a $100 million plus in taxes, obviously depends on the proceeds, but that’s the general ballpark that we’re working under today. Side of things, I don’t expect the kind of demand from the equipment perspective on new capacity. It’d be more about the operating efficiency, and that’s what some of the orders that we saw in the first quarter reflected.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.27% per year. These returns cover a period from January 1, 1988 through April 3, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
Sign-up to receive the latest news and ratings for John Bean Technologies and its competitors with MarketBeat’s FREE daily newsletter. The P/E ratio of John Bean Technologies is 26.64, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.04. 98.38% of the stock of John Bean Technologies is held by institutions.