Media headlines about Barnes Group (NYSE:B) have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. 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 media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 47.8105031645873 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
Barnes Group stock traded down $1.53 during mid-day trading on Friday, reaching $59.88. 256,205 shares of the company’s stock were exchanged, compared to its average volume of 210,654. The firm has a market cap of $3,269.13, a PE ratio of 21.25, a price-to-earnings-growth ratio of 2.00 and a beta of 1.32. Barnes Group has a twelve month low of $49.31 and a twelve month high of $72.87. The company has a quick ratio of 1.67, a current ratio of 2.43 and a debt-to-equity ratio of 0.42.
Barnes Group (NYSE:B) last released its earnings results on Friday, February 16th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. The company had revenue of $373.00 million for the quarter, compared to analyst estimates of $357.77 million. Barnes Group had a net margin of 4.15% and a return on equity of 12.36%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. equities research analysts anticipate that Barnes Group will post 3.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.94%. Barnes Group’s dividend payout ratio (DPR) is presently 19.44%.
A number of equities analysts recently weighed in on B shares. Zacks Investment Research raised shares of Barnes Group from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Wednesday, January 10th. ValuEngine raised shares of Barnes Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $67.00 price objective on shares of Barnes Group in a research report on Tuesday, January 9th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $67.00.
In other news, VP Marian Acker sold 7,860 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $63.12, for a total value of $496,123.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas O. Barnes sold 1,700 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $63.36, for a total transaction of $107,712.00. The disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.
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About Barnes Group
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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