Barnes Group (B) Earning Somewhat Favorable News Coverage, Analysis Shows

News coverage about Barnes Group (NYSE:B) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Barnes Group earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 44.5487654053729 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

Barnes Group (NYSE:B) opened at $67.79 on Friday. Barnes Group has a 12 month low of $45.47 and a 12 month high of $72.87. The company has a current ratio of 2.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3,630.00, a PE ratio of 23.87, a P/E/G ratio of 2.17 and a beta of 1.35.

Barnes Group (NYSE:B) last posted its earnings results on Friday, October 27th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03). Barnes Group had a return on equity of 12.44% and a net margin of 11.20%. The firm had revenue of $357.16 million for the quarter, compared to analyst estimates of $351.01 million. During the same period in the previous year, the company posted $0.71 EPS. Barnes Group’s revenue was up 14.6% on a year-over-year basis. analysts forecast that Barnes Group will post 2.85 earnings per share for the current year.

Several brokerages have recently commented on B. Zacks Investment Research raised Barnes Group from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Wednesday. SunTrust Banks reaffirmed a “hold” rating and issued a $67.00 price target on shares of Barnes Group in a research note on Tuesday, January 9th. ValuEngine raised Barnes Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $65.00 price target on shares of Barnes Group in a research note on Sunday, October 29th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Barnes Group has an average rating of “Buy” and an average target price of $68.17.

In other Barnes Group news, SVP Christopher J. Stephens sold 15,700 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $63.53, for a total value of $997,421.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas O. Barnes sold 1,500 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $66.36, for a total value of $99,540.00. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by corporate insiders.

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Barnes Group Company Profile

Barnes Group Inc is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.

Insider Buying and Selling by Quarter for Barnes Group (NYSE:B)

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