Barnes Group (NYSE:B – Get 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.
Barnes Group Company Profile
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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