Analysts Anticipate Barnes Group Inc. (NYSE:B) Will Post Earnings of $0.84 Per Share

Equities research analysts expect Barnes Group Inc. (NYSE:B) to post earnings per share (EPS) of $0.84 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Barnes Group’s earnings. The lowest EPS estimate is $0.80 and the highest is $0.85. Barnes Group also posted earnings of $0.84 per share in the same quarter last year. The business is expected to report its next quarterly earnings results before the market opens on Friday, February 21st.

On average, analysts expect that Barnes Group will report full-year earnings of $3.18 per share for the current fiscal year, with EPS estimates ranging from $3.15 to $3.20. For the next fiscal year, analysts forecast that the firm will post earnings of $3.38 per share, with EPS estimates ranging from $3.27 to $3.50. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Barnes Group.

Several brokerages recently issued reports on B. Sidoti upped their price objective on shares of Barnes Group from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Wells Fargo & Co reissued an “equal weight” rating on shares of Barnes Group in a research note on Tuesday, January 21st. SunTrust Banks raised shares of Barnes Group from a “sell” rating to a “hold” rating and increased their price target for the company from $49.00 to $57.00 in a research note on Wednesday, January 8th. Citigroup increased their price target on shares of Barnes Group from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Finally, Imperial Capital increased their price target on shares of Barnes Group from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $59.30.

Several institutional investors have recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Barnes Group by 0.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 493,552 shares of the industrial products company’s stock worth $25,438,000 after acquiring an additional 1,929 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Barnes Group by 226.2% in the 3rd quarter. Parallel Advisors LLC now owns 672 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 466 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its holdings in shares of Barnes Group by 1.4% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 15,123 shares of the industrial products company’s stock worth $779,000 after acquiring an additional 215 shares during the last quarter. Resources Management Corp CT ADV acquired a new position in shares of Barnes Group in the 3rd quarter worth approximately $1,147,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Barnes Group by 3.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 69,501 shares of the industrial products company’s stock worth $3,582,000 after acquiring an additional 2,381 shares during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

NYSE B traded down $0.30 during trading hours on Friday, hitting $64.69. 184,409 shares of the company’s stock traded hands, compared to its average volume of 154,076. Barnes Group has a 52-week low of $42.39 and a 52-week high of $67.32. The company has a market capitalization of $3.30 billion, a PE ratio of 21.42, a PEG ratio of 1.93 and a beta of 1.41. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.23 and a quick ratio of 1.49. The firm’s 50-day moving average is $64.64 and its 200-day moving average is $56.75.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 27th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.64 annualized dividend and a dividend yield of 0.99%. Barnes Group’s dividend payout ratio (DPR) is 19.88%.

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, automation, personal care, packaging, electronics, and medical devices.

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