Equities analysts expect Barnes Group Inc. (NYSE:B) to report $0.52 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Barnes Group’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.60. Barnes Group reported earnings of $0.75 per share during the same quarter last year, which would indicate a negative year over year growth rate of 30.7%. The business is expected to issue its next earnings report before the market opens on Tuesday, July 28th.
On average, analysts expect that Barnes Group will report full year earnings of $1.75 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $2.00. For the next year, analysts expect that the firm will post earnings of $2.25 per share, with EPS estimates ranging from $2.15 to $2.45. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Barnes Group.
Barnes Group (NYSE:B) last announced its quarterly earnings results on Friday, April 24th. The industrial products company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.19. Barnes Group had a return on equity of 13.36% and a net margin of 10.66%. The company had revenue of $331.00 million during the quarter, compared to analysts’ expectations of $313.44 million. During the same period in the prior year, the business posted $0.71 EPS. Barnes Group’s revenue was down 12.2% on a year-over-year basis.
Several equities analysts have commented on the stock. UBS Group decreased their price target on shares of Barnes Group from $64.00 to $56.00 and set a “sell” rating for the company in a research report on Wednesday, May 27th. SunTrust Banks decreased their price target on shares of Barnes Group from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. MKM Partners decreased their price target on shares of Barnes Group from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, March 6th. Deutsche Bank raised their price target on shares of Barnes Group from $61.00 to $64.00 and gave the company a “hold” rating in a research report on Wednesday, June 10th. Finally, DA Davidson decreased their price target on shares of Barnes Group from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Wednesday, May 20th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.43.
Large investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in shares of Barnes Group by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 37,958 shares of the industrial products company’s stock valued at $2,352,000 after buying an additional 162 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Barnes Group by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 56,660 shares of the industrial products company’s stock valued at $3,511,000 after acquiring an additional 284 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Barnes Group in the fourth quarter valued at about $4,647,000. Tower Research Capital LLC TRC lifted its position in shares of Barnes Group by 80.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 727 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 323 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in shares of Barnes Group by 22.2% in the first quarter. Mutual of America Capital Management LLC now owns 2,089 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 379 shares in the last quarter. 87.05% of the stock is currently owned by institutional investors.
Barnes Group stock traded up $0.08 during trading on Tuesday, hitting $39.52. The company had a trading volume of 4,271 shares, compared to its average volume of 278,634. Barnes Group has a 1-year low of $30.22 and a 1-year high of $68.60. The company has a current ratio of 2.15, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The company’s 50 day simple moving average is $38.41 and its 200-day simple moving average is $49.31. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 2.13 and a beta of 1.14.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.62%. The ex-dividend date was Thursday, May 21st. Barnes Group’s payout ratio is presently 19.94%.
Barnes Group Company Profile
Barnes Group Inc operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices.
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