CHICAGO, June 23, 2019 – Shares of John Bean Technologies Corporation (NYSE: JBT) showed the bullish trend with a higher momentum of 1.33% to $118.26. The company traded total volume of 364.586K shares as contrast to its average volume of 156.74K shares. The company has a market value of $3.69B and about 31.22M shares outstanding.
John Bean Technologies Corp. (JBT) reported first-quarter profit of $19.70M. On a per-share basis, the Chicago-based company said it had profit of 61 cents. Earnings, adjusted for restructuring costs, were 77 cents per share. The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The food processing and transportation services company posted revenue of $417.50M in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $387.0M. For the current quarter ending in July, JBT anticipates its per-share earnings to range from $1.05 to $1.10. The company anticipates full-year earnings in the range of $4.35 to $4.55 per share.
The Company offered net profit margin of 6.40% while its gross profit margin was 29.10%. ROE was recorded as 27.60% while beta factor was 1.47. The stock, as of recent close, has shown the weekly upbeat performance of 3.37% which was maintained at 64.68% in this year.
Janet Harrison has over 16 years experience in the financial services industry giving her a vast understanding of how news affects the financial markets, and an early adopter of blockchain technology and digital currencies.
Janet is an active holder and trader spending the majority of her time analyzing blockchain projects, reports and watching new and upcoming projects and other initiatives in the industry. She has a Masters Degree in Economics with previous roles counting Investment Banking.