Wall Street brokerages expect Barnes Group Inc. (NYSE:B) to post earnings per share of $0.67 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Barnes Group’s earnings, with estimates ranging from $0.66 to $0.68. Barnes Group posted earnings per share of $0.71 in the same quarter last year, which indicates a negative year over year growth rate of 5.6%. The business is expected to issue its next quarterly earnings report on Friday, April 27th.
According to Zacks, analysts expect that Barnes Group will report full year earnings of $3.07 per share for the current financial year, with EPS estimates ranging from $3.05 to $3.10. For the next financial year, analysts forecast that the business will report earnings of $3.40 per share, with EPS estimates ranging from $3.32 to $3.45. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Barnes Group.
Barnes Group (NYSE:B) last released its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Barnes Group had a return on equity of 12.36% and a net margin of 4.15%. The business had revenue of $373.00 million for the quarter, compared to analysts’ expectations of $357.77 million. During the same quarter in the previous year, the business posted $0.67 EPS. Barnes Group’s revenue for the quarter was up 15.1% on a year-over-year basis.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Barnes Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. SunTrust Banks reiterated a “hold” rating and set a $67.00 price objective on shares of Barnes Group in a report on Tuesday, January 9th. ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Robert W. Baird reissued a “hold” rating and issued a $65.00 target price on shares of Barnes Group in a research report on Sunday, October 29th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Barnes Group presently has an average rating of “Buy” and a consensus price target of $68.17.
Barnes Group (B) traded up $1.96 during trading hours on Wednesday, hitting $63.05. The stock had a trading volume of 274,566 shares, compared to its average volume of 215,893. Barnes Group has a fifty-two week low of $48.21 and a fifty-two week high of $72.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.43 and a quick ratio of 1.67. The company has a market cap of $3,428.40, a PE ratio of 58.93, a PEG ratio of 2.11 and a beta of 1.32.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Thursday, February 22nd. Barnes Group’s dividend payout ratio is presently 52.34%.
In other news, Director Richard J. Hipple bought 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average price of $62.06 per share, with a total value of $80,678.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.50% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC increased its position in shares of Barnes Group by 4,461.8% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 1,551 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 1,517 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Barnes Group by 156.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,202 shares of the industrial products company’s stock worth $156,000 after purchasing an additional 1,342 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Barnes Group by 47.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,095 shares of the industrial products company’s stock worth $196,000 after purchasing an additional 1,003 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Barnes Group by 2,284.0% during the 4th quarter. Bessemer Group Inc. now owns 3,123 shares of the industrial products company’s stock worth $198,000 after purchasing an additional 2,992 shares during the last quarter. Finally, Visionary Asset Management Inc. acquired a new position in shares of Barnes Group during the 3rd quarter worth approximately $216,000. 85.99% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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