Equities analysts forecast that Barnes Group, Inc. (NYSE:B) will announce $337.79 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Barnes Group’s earnings, with the lowest sales estimate coming in at $333.67 million and the highest estimate coming in at $344.10 million. Barnes Group posted sales of $306.69 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.1%. The company is scheduled to report its next quarterly earnings results before the market opens on Friday, July 28th.

According to Zacks, analysts expect that Barnes Group will report full-year sales of $337.79 million for the current financial year, with estimates ranging from $1.33 billion to $1.35 billion. For the next fiscal year, analysts expect that the company will report sales of $1.40 billion per share, with estimates ranging from $1.38 billion to $1.43 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Barnes Group.

Barnes Group (NYSE:B) last released its quarterly earnings results on Friday, April 28th. The industrial products company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. The business had revenue of $341.80 million for the quarter, compared to the consensus estimate of $314.81 million. Barnes Group had a net margin of 11.30% and a return on equity of 12.49%. Barnes Group’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS.

B has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Barnes Group from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Wednesday, May 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $63.00 price target on shares of Barnes Group in a research note on Tuesday, May 2nd. ValuEngine raised shares of Barnes Group from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Sidoti lowered shares of Barnes Group from a “buy” rating to a “neutral” rating in a research report on Monday, April 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.00.

ILLEGAL ACTIVITY WARNING: This news story was posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/06/30/337-79-million-in-sales-expected-for-barnes-group-inc-b-this-quarter.html.

In related news, Director Hassell H. Mcclellan sold 2,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $56.00, for a total transaction of $112,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas O. Barnes sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $56.06, for a total transaction of $56,060.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,250 shares of company stock worth $1,552,653. 8.50% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in B. BlackRock Inc. increased its stake in shares of Barnes Group by 40,783.4% in the first quarter. BlackRock Inc. now owns 6,069,547 shares of the industrial products company’s stock worth $311,610,000 after buying an additional 6,054,701 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Barnes Group by 0.4% in the first quarter. Bank of America Corp DE now owns 5,487,280 shares of the industrial products company’s stock worth $281,717,000 after buying an additional 23,017 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Barnes Group by 5.5% in the first quarter. Vanguard Group Inc. now owns 4,532,470 shares of the industrial products company’s stock worth $232,698,000 after buying an additional 235,065 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Barnes Group by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,526,503 shares of the industrial products company’s stock worth $181,050,000 after buying an additional 19,233 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Barnes Group by 0.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,750,602 shares of the industrial products company’s stock worth $83,014,000 after buying an additional 9,047 shares during the last quarter. 85.71% of the stock is currently owned by institutional investors and hedge funds.

Barnes Group (NYSE:B) traded up 0.50% on Friday, hitting $58.49. 18,444 shares of the stock were exchanged. The stock has a market capitalization of $3.14 billion, a P/E ratio of 22.07 and a beta of 1.42. The company has a 50 day moving average of $57.31 and a 200 day moving average of $51.68. Barnes Group has a one year low of $32.55 and a one year high of $60.74.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Thursday, May 25th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.96%. This is a positive change from Barnes Group’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, May 23rd. Barnes Group’s dividend payout ratio (DPR) is currently 21.13%.

Barnes Group Company Profile

Barnes Group Inc is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.

Get a free copy of the Zacks research report on Barnes Group (B)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Barnes Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.