John Bean Technologies Corp (JBT) Releases FY14 Earnings Guidance

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John Bean Technologies Corp (NYSE:JBT) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.45-1.55 for the period, compared to the Thomson Reuters consensus estimate of $1.28, American Banking News reports.

Shares of John Bean Technologies Corp (NYSE:JBT) traded down 0.08% during mid-day trading on Wednesday, hitting $26.13. 145,554 shares of the company’s stock traded hands. John Bean Technologies Corp has a 52 week low of $21.44 and a 52 week high of $32.83. The stock has a 50-day moving average of $28.92 and a 200-day moving average of $29.7. The company has a market cap of $761.4 million and a price-to-earnings ratio of 31.89.

John Bean Technologies Corp (NYSE:JBT) last released its earnings data on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.10. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $247.70 million. During the same quarter last year, the company posted $0.30 earnings per share. John Bean Technologies Corp’s revenue was up 9.3% compared to the same quarter last year. Analysts expect that John Bean Technologies Corp will post $1.42 EPS for the current fiscal year.

On a related note, analysts at Global Hunter Securities reiterated a buy rating on shares of John Bean Technologies Corp in a research note on Tuesday, May 27th. They now have a $35.00 price target on the stock, down previously from $40.00. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $32.00.

John Bean Technologies Corporation is a global technology solutions provider for the food processing and air transportation industries.

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