John Bean Technologies Corp (JBT) is Initiated by BB&T Capital Mkts to Buy

John Bean Technologies Corp (JBT) was Initiated by BB&T Capital Mkts to “Buy”. BB&T Capital Mkts advised their investors in a research report released on Jun 17, 2016.

On the company’s financial health, John Bean Technologies Corp reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.29. The company had revenue of $267.10 million for the quarter, compared to analysts expectations of $265.03 million. The company’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

John Bean Technologies Corp opened for trading at $62.41 and hit $62.98 on the upside on Wednesday, eventually ending the session at $62.53, with a gain of 0.50% or 0.31 points. The heightened volatility saw the trading volume jump to 1,48,915 shares. Company has a market cap of $1,827 M.

In a different news, on Mar 8, 2016, Mark K Montague (EVP, Human Resources) sold 6,000 shares at $54.53 per share price. According to the SEC, on Mar 10, 2015, Steven R Smith (EVP & President, JBT FoodTech) sold 3,000 shares at $34.00 per share price.

John Bean Technologies Corporation (JBT) is a global technology solutions provider for the food processing and air transportation industries. The Company designs manufactures tests and services technological systems and products. The Company operates in two segments: JBT FoodTech and JBT AeroTech. JBT FoodTech is a supplier of customized industrial solutions and services used in the food processing industry. The product offerings of the Company’s FoodTech businesses include protein processing equipment liquid foods processing equipment and automated systems. JBT AeroTech supplies customized solutions and services used for applications in the air transportation industry including airport authorities airlines airfreight and ground handling companies and the military. The product offerings of the Company’s AeroTech businesses include mobile equipment fixed equipment and airport services.

John Bean Technologies Corp

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