Barnes Group Inc. (B) Expected to Post Earnings of $0.84 Per Share

Equities research analysts expect that Barnes Group Inc. (NYSE:B) will post earnings per share (EPS) of $0.84 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Barnes Group’s earnings, with estimates ranging from $0.80 to $0.86. Barnes Group reported earnings of $0.71 per share in the same quarter last year, which would suggest a positive year over year growth rate of 18.3%. The business is scheduled to announce its next earnings results on Friday, February 15th.

According to Zacks, analysts expect that Barnes Group will report full year earnings of $3.23 per share for the current year, with EPS estimates ranging from $3.20 to $3.25. For the next financial year, analysts expect that the firm will report earnings of $3.56 per share, with EPS estimates ranging from $3.50 to $3.65. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Barnes Group.

Barnes Group (NYSE:B) last posted its quarterly earnings results on Friday, October 26th. The industrial products company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). Barnes Group had a net margin of 4.60% and a return on equity of 13.39%. The company had revenue of $369.80 million during the quarter, compared to analyst estimates of $379.27 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis.

B has been the subject of a number of research reports. Zacks Investment Research lowered shares of Barnes Group from a “hold” rating to a “sell” rating in a report on Monday, October 29th. UBS Group initiated coverage on shares of Barnes Group in a report on Wednesday, August 15th. They issued a “buy” rating and a $80.00 price objective for the company. DA Davidson set a $66.00 price objective on shares of Barnes Group and gave the company a “hold” rating in a report on Monday, November 19th. Oppenheimer raised their price objective on shares of Barnes Group from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, September 25th. Finally, SunTrust Banks dropped their price objective on shares of Barnes Group from $63.00 to $61.00 and set a “hold” rating for the company in a report on Monday, October 29th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Barnes Group presently has an average rating of “Hold” and an average price target of $71.83.

Shares of B traded down $0.28 during mid-day trading on Thursday, reaching $55.72. The company had a trading volume of 312,300 shares, compared to its average volume of 225,533. Barnes Group has a 1-year low of $52.42 and a 1-year high of $72.70. The company has a current ratio of 2.27, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. The company has a market cap of $2.87 billion, a P/E ratio of 19.35, a PEG ratio of 2.47 and a beta of 1.53.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 27th will be issued a $0.16 dividend. The ex-dividend date is Monday, November 26th. This represents a $0.64 dividend on an annualized basis and a yield of 1.15%. Barnes Group’s dividend payout ratio (DPR) is presently 22.22%.

In other Barnes Group news, Director Thomas O. Barnes sold 770 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $59.28, for a total transaction of $45,645.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hassell H. Mcclellan sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $58.25, for a total transaction of $81,550.00. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in B. Aperio Group LLC increased its stake in shares of Barnes Group by 15.0% in the 2nd quarter. Aperio Group LLC now owns 30,920 shares of the industrial products company’s stock valued at $1,821,000 after acquiring an additional 4,025 shares in the last quarter. Visionary Asset Management Inc. bought a new stake in shares of Barnes Group in the 3rd quarter valued at $227,000. Signet Financial Management LLC increased its stake in shares of Barnes Group by 0.9% in the 2nd quarter. Signet Financial Management LLC now owns 92,069 shares of the industrial products company’s stock valued at $5,423,000 after acquiring an additional 816 shares in the last quarter. PEAK6 Investments L.P. bought a new stake in shares of Barnes Group in the 2nd quarter valued at $652,000. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in shares of Barnes Group by 3,841.8% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 458,589 shares of the industrial products company’s stock valued at $32,574,000 after acquiring an additional 446,955 shares in the last quarter. Hedge funds and other institutional investors own 85.63% 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.

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Earnings History and Estimates for Barnes Group (NYSE:B)

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