John Bean Technologies Corp (JBT) Releases Earnings Results, Beats Expectations By $0.05 EPS

John Bean Technologies Corp (JBT) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.29. The company posted revenue of $267.10 million in the period, 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 closed down -0.12 points or -0.21% at $57.42 with 3,01,604 shares getting traded on Friday. Post opening the session at $57.48, the shares hit an intraday low of $56.525 and an intraday high of $57.7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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