Equities research analysts predict that Barnes Group Inc. (NYSE:B) will announce earnings per share of $0.84 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Barnes Group’s earnings. The highest EPS estimate is $0.86 and the lowest is $0.80. Barnes Group reported earnings of $0.71 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.3%. The company is expected to report its next earnings results on Friday, February 15th.

On average, analysts expect that Barnes Group will report full year earnings of $3.23 per share for the current financial year, with EPS estimates ranging from $3.20 to $3.25. For the next year, analysts expect that the company will report earnings of $3.54 per share, with EPS estimates ranging from $3.48 to $3.65. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Barnes Group.

Barnes Group (NYSE:B) last issued its quarterly earnings data on Friday, October 26th. The industrial products company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.03). The company had revenue of $369.80 million for the quarter, compared to analyst estimates of $379.27 million. Barnes Group had a return on equity of 13.39% and a net margin of 4.60%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS.

A number of research analysts have commented on B shares. SunTrust Banks restated a “hold” rating and set a $63.00 price objective on shares of Barnes Group in a research note on Friday, July 27th. ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. Robert W. Baird boosted their price target on Barnes Group from $58.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. DA Davidson set a $67.00 price target on Barnes Group and gave the stock a “hold” rating in a research note on Tuesday, July 31st. Finally, Zacks Investment Research upgraded 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 Tuesday, July 31st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $71.83.

Shares of B traded up $0.71 during midday trading on Wednesday, reaching $58.52. 83,040 shares of the company were exchanged, compared to its average volume of 226,567. The stock has a market cap of $3.04 billion, a PE ratio of 20.32, a P/E/G ratio of 2.62 and a beta of 1.52. Barnes Group has a 1-year low of $52.42 and a 1-year high of $72.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.27 and a quick ratio of 1.50.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 27th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, November 26th. Barnes Group’s dividend payout ratio (DPR) is 22.22%.

Several large investors have recently added to or reduced their stakes in B. Legal & General Group Plc increased its holdings in Barnes Group by 5.1% in the third quarter. Legal & General Group Plc now owns 110,508 shares of the industrial products company’s stock valued at $7,853,000 after buying an additional 5,351 shares during the last quarter. Resources Management Corp CT ADV bought a new stake in Barnes Group in the third quarter valued at about $1,707,000. Macquarie Group Ltd. increased its holdings in Barnes Group by 12.5% in the third quarter. Macquarie Group Ltd. now owns 2,098,289 shares of the industrial products company’s stock valued at $149,041,000 after buying an additional 232,733 shares during the last quarter. MetLife Investment Advisors LLC increased its holdings in Barnes Group by 46.3% in the third quarter. MetLife Investment Advisors LLC now owns 32,331 shares of the industrial products company’s stock valued at $2,296,000 after buying an additional 10,232 shares during the last quarter. Finally, Man Group plc increased its holdings in Barnes Group by 72.9% in the third quarter. Man Group plc now owns 105,456 shares of the industrial products company’s stock valued at $7,491,000 after buying an additional 44,447 shares during the last quarter. 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.

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

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