Revenue Update on John Bean Technologies Corp(NYSE:JBT)

John Bean Technologies Corp(NYSE:JBT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $328.80M. Analysts estimated a revenue of $304.19M. Earnings per share were $0.67. Analysts had estimated an EPS of $0.56.

In a different note, BB&T Capital said it Initiates Coverage on John Bean Technologies Corp, according to a research note issued on Jun 17, 2016. The shares have been rated ‘Buy’ by the firm.

John Bean Technologies Corp (JBT) shares turned negative on Fridays trading session with the shares closing down -0.09 points or -0.13% at a volume of 2,16,999. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $67.76. The peak price level was also seen at $67.76 while the days lowest was $66.11. Finally the shares closed at $66.92. The 52-week high of the shares is $70.4463 while the 52-week low is $31.89. According to the latest information available, the market cap of the company is $1,955 M.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, Mark K Montague (EVP, Human Resources) sold 6,000 shares at $54.53 per share price.Also, 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.

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