Barnes Group (NYSE:B) will issue its quarterly earnings data before the market opens on Thursday, April 26th. Barnes Group has set its FY18 guidance at $2.98-3.13 EPS.
Barnes Group (NYSE:B) last posted its earnings results 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. The business 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 business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS. On average, analysts expect Barnes Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE:B opened at $63.18 on Thursday. The company has a current ratio of 2.43, a quick ratio of 1.67 and a debt-to-equity ratio of 0.42. The firm has a market cap of $3,255.28, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.99 and a beta of 1.32. Barnes Group has a twelve month low of $50.09 and a twelve month high of $72.87.
In other news, Director Thomas O. Barnes sold 1,700 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $63.36, for a total value of $107,712.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Marian Acker sold 7,860 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $63.12, for a total transaction of $496,123.20. The disclosure for this sale can be found here. Insiders own 7.93% of the company’s stock.
B has been the topic of several analyst reports. Zacks Investment Research raised shares of 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, January 10th. ValuEngine raised shares of Barnes Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $67.00 price target on shares of Barnes Group in a research note on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.00.
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About Barnes Group
Barnes Group Inc operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy.
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