Barnes Group, Inc. (NYSE:B) will be releasing its earnings data before the market opens on Friday, July 28th. Analysts expect Barnes Group to post earnings of $0.69 per share for the quarter. Barnes Group has set its FY17 guidance at $2.68-2.78 EPS.

Barnes Group (NYSE:B) last issued its quarterly earnings results on Friday, April 28th. The industrial products company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.60 by $0.11. Barnes Group had a net margin of 11.30% and a return on equity of 12.49%. The company had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $314.81 million. During the same quarter in the previous year, the company earned $0.54 EPS. Barnes Group’s revenue was up 18.6% on a year-over-year basis. On average, analysts expect Barnes Group to post $2.78 EPS for the current fiscal year and $3.00 EPS for the next fiscal year.

Shares of Barnes Group, Inc. (NYSE B) opened at 61.88 on Friday. Barnes Group, Inc. has a 12 month low of $35.96 and a 12 month high of $62.23. The stock’s 50 day moving average is $59.01 and its 200 day moving average is $52.85. The firm has a market cap of $3.32 billion, a PE ratio of 23.35 and a beta of 1.43.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.90%. Barnes Group’s payout ratio is 21.13%.

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

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Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Barnes Group from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, May 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $63.00 price objective on shares of Barnes Group in a research report 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 downgraded 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’s stock. The company has a consensus rating of “Buy” and an average price target of $56.00.

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.

Earnings History for Barnes Group (NYSE:B)

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