Barnes Group Inc. (B) Issues FY14 Earnings Guidance
Barnes Group Inc. (NYSE:B) updated its FY14 earnings guidance on Friday. The company provided EPS guidance of $2.15-2.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.30, American Banking & Market News reports. The company issued revenue guidance of +14-17% to ~$1.24-1.28 billion, compared to the consensus revenue estimate of $1.26 billion.
Several analysts have recently commented on the stock. Analysts at Jefferies Group upgraded shares of Barnes Group from a hold rating to a buy rating in a research note on Tuesday, January 14th. They now have a $44.00 price target on the stock. Analysts at Zacks upgraded shares of Barnes Group from a neutral rating to an outperform rating in a research note on Monday, December 30th. They now have a $41.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $39.40.
Shares of Barnes Group Inc. (NYSE:B) remained flat at $37.81 during during mid-day trading trading on Friday. The stock had a trading volume of 86,654 shares. Barnes Group Inc. has a 52 week low of $25.38 and a 52 week high of $40.92. The stock has a 50-day moving average of $37.85 and a 200-day moving average of $35.82. The company has a market cap of $1.995 billion and a price-to-earnings ratio of 7.61.
Barnes Group (NYSE:B) last released its earnings data on Friday, February 21st. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.05. The company had revenue of $291.00 million for the quarter, compared to the consensus estimate of $297.54 million. On average, analysts predict that Barnes Group Inc. will post $1.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, February 25th.
Barnes Group Inc (NYSE:B) is an international aerospace and industrial manufacturer and service provider, serving a range of end markets and customers.
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