Zacks: Brokerages Expect Barnes Group Inc. (NYSE:B) to Announce $0.39 EPS

Wall Street brokerages forecast that Barnes Group Inc. (NYSE:BGet Rating) will announce earnings of $0.39 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Barnes Group’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.39. Barnes Group reported earnings per share of $0.38 during the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The company is expected to report its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Barnes Group will report full-year earnings of $2.31 per share for the current year, with EPS estimates ranging from $2.24 to $2.35. For the next year, analysts expect that the firm will post earnings of $2.85 per share, with EPS estimates ranging from $2.75 to $3.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Barnes Group.

Barnes Group (NYSE:BGet Rating) last issued its quarterly earnings data on Friday, February 18th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.09. Barnes Group had a net margin of 7.93% and a return on equity of 7.07%. The firm had revenue of $311.00 million during the quarter, compared to the consensus estimate of $313.23 million. During the same quarter in the previous year, the firm posted $0.36 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year.

B has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Barnes Group from a “sell” rating to a “hold” rating and set a $49.00 target price for the company in a report on Tuesday, February 15th. Alembic Global Advisors downgraded shares of Barnes Group from an “overweight” rating to a “neutral” rating and set a $42.00 target price for the company. in a report on Monday, April 11th. Finally, StockNews.com initiated coverage on shares of Barnes Group in a report on Thursday, March 31st. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $51.17.

Shares of B stock opened at $35.94 on Thursday. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 1.55 and a beta of 1.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.19 and a quick ratio of 1.42. The firm has a fifty day moving average price of $42.40 and a 200-day moving average price of $44.00. Barnes Group has a 1 year low of $35.67 and a 1 year high of $56.98.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 10th. Shareholders of record on Thursday, February 24th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.78%. The ex-dividend date was Wednesday, February 23rd. Barnes Group’s payout ratio is currently 32.65%.

In other Barnes Group news, SVP James C. Pelletier sold 1,619 shares of the business’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $46.50, for a total value of $75,283.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.10% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. UMB Bank N A MO purchased a new stake in shares of Barnes Group during the 4th quarter valued at about $31,000. Point72 Hong Kong Ltd purchased a new stake in shares of Barnes Group during the 4th quarter valued at about $34,000. First Horizon Advisors Inc. raised its position in shares of Barnes Group by 1,647.1% during the 4th quarter. First Horizon Advisors Inc. now owns 891 shares of the industrial products company’s stock valued at $41,000 after buying an additional 840 shares in the last quarter. Eagle Bay Advisors LLC raised its position in shares of Barnes Group by 57.5% during the 4th quarter. Eagle Bay Advisors LLC now owns 967 shares of the industrial products company’s stock valued at $46,000 after buying an additional 353 shares in the last quarter. Finally, Heritage Wealth Management LLC raised its position in shares of Barnes Group by 21.2% during the 3rd quarter. Heritage Wealth Management LLC now owns 1,816 shares of the industrial products company’s stock valued at $76,000 after buying an additional 318 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Barnes Group Company Profile (Get Rating)

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. It operates in two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.

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