Barnes Group, Inc. (NYSE:B) will post its quarterly earnings results before the market opens on Thursday, October 26th. Analysts expect Barnes Group to post earnings of $0.69 per share for the quarter. Barnes Group has set its FY17 guidance at $2.80-2.90 EPS.

Barnes Group (NYSE:B) last posted its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. The business had revenue of $364.49 million during the quarter, compared to analysts’ expectations of $337.69 million. Barnes Group had a return on equity of 13.02% and a net margin of 11.69%. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. On average, analysts expect Barnes Group to post $2.90 EPS for the current fiscal year and $3.07 EPS for the next fiscal year.

Shares of Barnes Group, Inc. (NYSE:B) opened at 72.44 on Thursday. The stock has a 50 day moving average price of $67.97 and a 200 day moving average price of $59.86. The firm has a market capitalization of $3.90 billion, a PE ratio of 25.33 and a beta of 1.45. Barnes Group, Inc. has a 12-month low of $37.95 and a 12-month high of $73.84.

B has been the subject of a number of research analyst reports. SunTrust Banks, Inc. restated a “hold” rating and issued a $60.00 target price on shares of Barnes Group in a research report on Thursday, October 12th. ValuEngine downgraded Barnes Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Deutsche Bank AG upped their target price on Barnes Group from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. BidaskClub upgraded Barnes Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. upped their target price on Barnes Group from $58.00 to $67.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Barnes Group has a consensus rating of “Buy” and an average target price of $65.75.

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In other news, Director Thomas O. Barnes sold 755 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $61.22, for a total transaction of $46,221.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Marian Acker sold 6,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $60.38, for a total value of $362,280.00. The disclosure for this sale can be found here. Insiders sold 8,755 shares of company stock valued at $528,361 over the last 90 days. 8.50% of the stock is currently owned by insiders.

About Barnes Group

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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