2 weeks Ago By Defense World Staff
John Bean Technologies Co. ( NYSE:JBT – Free Report ) – Equities researchers at Zacks Research lifted their FY2024 earnings estimates for John Bean Technologies in a research note issued to investors on Tuesday, November 12th. Zacks Research analyst S.
Deb now anticipates that the industrial products company will earn $5.19 per share for the year, up from their previous forecast of $5.14.
The consensus estimate for John Bean Technologies’ current full-year earnings is $5.21 per share. Zacks Research also issued estimates for John Bean Technologies’ Q4 2024 earnings at $1.
79 EPS, Q4 2025 earnings at $1.88 EPS, FY2025 earnings at $5.61 EPS and FY2026 earnings at $5.
79 EPS. John Bean Technologies ( NYSE:JBT – Get Free Report ) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.
50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.09.
The firm had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million.
John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%.
The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.
11 EPS. John Bean Technologies Price Performance Hedge Funds Weigh In On John Bean Technologies A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Verition Fund Management LLC acquired a new position in John Bean Technologies in the third quarter valued at about $1,293,000.
HBK Investments L P increased its stake in shares of John Bean Technologies by 638.5% in the 3rd quarter. HBK Investments L P now owns 31,343 shares of the industrial products company’s stock valued at $3,088,000 after acquiring an additional 27,099 shares during the last quarter.
Walleye Capital LLC acquired a new stake in shares of John Bean Technologies in the 3rd quarter valued at approximately $2,955,000. PEAK6 Investments LLC bought a new position in John Bean Technologies during the 3rd quarter worth approximately $356,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in John Bean Technologies by 170.
9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,184 shares of the industrial products company’s stock valued at $82,964,000 after purchasing an additional 531,298 shares during the period. 98.
92% of the stock is owned by institutional investors. About John Bean Technologies ( Get Free Report ) John Bean Technologies Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.
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