Barnes Group Inc. (NYSE:B) – Oppenheimer boosted their Q1 2019 earnings per share (EPS) estimates for Barnes Group in a research note issued on Friday, November 16th. Oppenheimer analyst C. Glynn now anticipates that the industrial products company will earn $0.83 per share for the quarter, up from their prior forecast of $0.82. Oppenheimer has a “Outperform” rating and a $82.00 price objective on the stock. Oppenheimer also issued estimates for Barnes Group’s Q2 2019 earnings at $0.91 EPS, Q3 2019 earnings at $0.94 EPS, Q4 2019 earnings at $0.97 EPS and FY2020 earnings at $4.00 EPS.
Several other brokerages also recently commented on B. SunTrust Banks restated a “hold” rating and issued a $63.00 target price on shares of Barnes Group in a research note on Friday, July 27th. Robert W. Baird boosted their target price on shares of Barnes Group from $58.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Zacks Investment Research upgraded shares of Barnes Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. UBS Group initiated coverage on shares of Barnes Group in a research report on Wednesday, August 15th. They set a “buy” rating and a $80.00 price target on the stock. Finally, ValuEngine upgraded shares of Barnes Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Barnes Group has a consensus rating of “Hold” and an average price target of $71.83.
Shares of NYSE:B opened at $57.81 on Monday. Barnes Group has a 52 week low of $52.42 and a 52 week high of $72.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.27. The firm has a market capitalization of $3.09 billion, a PE ratio of 20.08, a PEG ratio of 2.67 and a beta of 1.52.
Barnes Group (NYSE:B) last issued its earnings results on Friday, October 26th. The industrial products company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.03). Barnes Group had a net margin of 4.60% and a return on equity of 13.39%. The firm had revenue of $369.80 million during the quarter, compared to analyst estimates of $379.27 million. During the same quarter in the prior year, the firm posted $0.66 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 27th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, November 26th. This represents a $0.64 annualized dividend and a yield of 1.11%. Barnes Group’s dividend payout ratio (DPR) is 22.22%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc lifted its position in Barnes Group by 5.1% during the 3rd quarter. Legal & General Group Plc now owns 110,508 shares of the industrial products company’s stock valued at $7,853,000 after purchasing an additional 5,351 shares during the period. Resources Management Corp CT ADV acquired a new position in Barnes Group during the 3rd quarter valued at about $1,707,000. Macquarie Group Ltd. lifted its position in Barnes Group by 12.5% during the 3rd quarter. Macquarie Group Ltd. now owns 2,098,289 shares of the industrial products company’s stock valued at $149,041,000 after purchasing an additional 232,733 shares during the period. MetLife Investment Advisors LLC lifted its position in Barnes Group by 46.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 32,331 shares of the industrial products company’s stock valued at $2,296,000 after purchasing an additional 10,232 shares during the period. Finally, Man Group plc lifted its position in Barnes Group by 72.9% during the 3rd quarter. Man Group plc now owns 105,456 shares of the industrial products company’s stock valued at $7,491,000 after purchasing an additional 44,447 shares during the period. Institutional investors and hedge funds own 86.16% of the company’s stock.
Barnes Group Company Profile
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.
Read More: What does earnings per share mean?
Receive News & Ratings for Barnes Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group and related companies with MarketBeat.com's FREE daily email newsletter.