Barnes Group (NYSE:B) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Barnes Group (NYSE:BGet Free Report) issued its earnings results on Friday. The industrial products company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03), Briefing.com reports. Barnes Group had a negative net margin of 2.46% and a positive return on equity of 4.84%. Barnes Group’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 earnings per share.

Barnes Group Stock Performance

B stock opened at $19.46 on Friday. Barnes Group has a 1-year low of $18.88 and a 1-year high of $47.50. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average price of $46.92 and a 200-day moving average price of $47.07. The firm has a market cap of $991.29 million, a PE ratio of -25.27 and a beta of 1.32.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Barnes Group in a research report on Monday, May 5th. They set a “sell” rating for the company.

Read Our Latest Analysis on Barnes Group

Barnes Group Company Profile

(Get Free Report)

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.

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Earnings History for Barnes Group (NYSE:B)

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