Great Lakes Review, a division of Wellington Shields Co. LLC - John Bean Technologies Corporation (JBT) Raising FY18 Estimate; 4Q17 Beats by 3 Cents

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Great Lakes Review, a division of Wellington Shields & Co. LLC

Great Lakes Review

EUR 87.04 For Business Accounts Only

Raising FY18 Estimate; 4Q17 Beats by 3 Cents

4Q17 (Dec) adjusted EPS of $1.10 (vs 85 cents last year) was 3 cents above our estimate;
For 2017, EPS was up 21% to $3.10 (vs a record $2.56 in 2016), on revenue of $1.64 billion (vs $1.35 billion);
Our 2018 EPS estimate is now $3.98 (from $3.75 and Company guidance introduced at $3.85-to-$4.05), up 28% from 2017, while acknowledging an off first quarter due to project timing, operation inefficiencies, R&D spending, and military orders moving into 2Q;
Our 2019 EPS estimate is being introduced at $4.62, up 16% from our 2018 projection.

28/02/2018 12 EN

Underlying

John Bean Technologies Corporation

John Bean Technologies is a technology solutions provider to the food and beverage industry with focus on proteins, liquid foods and automated system solutions. The company also sells critical equipment and services to domestic and international air transportation customers. The products offerings of the company's FoodTech businesses include food processing systems to protein customers, liquid foods portfolio such as fruit and juice solutions, and robotic automated guided vehicle systems. The product offerings of the company's AeroTech businesses include mobile air transportation equipment, gate equipment for passenger boarding, and airport services such as maintenance of airport equipment, systems and facilities.

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US4778391049 New York Stock Exchange United States

Provider

Great Lakes Review, a division of Wellington Shields & Co. LLC

Great Lakes Review is located in Cleveland, Ohio, was founded in 1981 and became a division of Wellington Shields & Co. LLC in 2011. Great Lakes Review is a research boutique focused on the fundamentally-oriented investor seeking companies that dominate their respective specialty niche regardless of industry. The objective is to make money for the long-term by gradually accumulating a diversified portfolio from a universe of no more than 30 companies. Although short-term-oriented accounts will be alerted to trading opportunities, aggressive sell recommendations are triggered only by a deterioration in long-term fundamentals, not by short-term blips or investor fancy. Coverage of those names that lose their earnings momentum or earnings predictability may be dropped and replaced with more vital candidates.

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Analysts

Great Lakes Review

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Raising FY18 Estimate; 4Q17 Beats by 3 Cents

Vital Signs: Actionable charts

John Bean Technologies Corporation: Credit analysis following assignment of Ba3 CFR

Vermilion Short Shots: Technically Vulnerable Stocks

AIT: An Overlooked Industrial with Nearly 30% EPS Growth Modeled for FY19

RPM: Elliott Management the Catalyst to Rev Up the "RPMs"

Weekly Update: ATR, JBT, LECO, MIDD, NEOG, THO

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