Equities analysts forecast that Barnes Group Inc. (NYSE:B) will announce $0.68 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Barnes Group’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.67. Barnes Group reported earnings per share of $0.67 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.5%. The business is scheduled to announce its next earnings results before the market opens on Friday, February 16th.

According to Zacks, analysts expect that Barnes Group will report full-year earnings of $2.85 per share for the current fiscal year, with EPS estimates ranging from $2.84 to $2.86. For the next fiscal year, analysts anticipate that the business will report earnings of $3.12 per share, with EPS estimates ranging from $3.02 to $3.30. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Barnes Group.

Barnes Group (NYSE:B) last issued its earnings results on Friday, October 27th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03). The firm had revenue of $357.16 million during the quarter, compared to the consensus estimate of $351.01 million. Barnes Group had a net margin of 11.20% and a return on equity of 12.44%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share.

Several brokerages have issued reports on B. ValuEngine lowered Barnes Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. SunTrust Banks reiterated a “hold” rating and issued a $60.00 price target on shares of Barnes Group in a research report on Thursday, October 12th. Robert W. Baird reiterated a “hold” rating and issued a $65.00 price target on shares of Barnes Group in a research report on Sunday, October 29th. Finally, Zacks Investment Research upgraded Barnes Group from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Wednesday, January 10th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $68.17.

In related news, SVP Christopher J. Stephens sold 15,700 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $63.53, for a total transaction of $997,421.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas O. Barnes sold 1,500 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $66.36, for a total value of $99,540.00. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in shares of Barnes Group by 143.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,027 shares of the industrial products company’s stock valued at $294,000 after acquiring an additional 2,963 shares during the last quarter. Fisher Asset Management LLC bought a new position in Barnes Group during the 3rd quarter valued at approximately $6,274,000. Stifel Financial Corp raised its position in Barnes Group by 7.9% during the 3rd quarter. Stifel Financial Corp now owns 277,675 shares of the industrial products company’s stock valued at $19,558,000 after purchasing an additional 20,403 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Barnes Group by 65.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 51,147 shares of the industrial products company’s stock valued at $3,603,000 after purchasing an additional 20,313 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new position in shares of Barnes Group in the 2nd quarter worth approximately $304,000. Institutional investors and hedge funds own 86.29% of the company’s stock.

Shares of Barnes Group (NYSE B) traded up $0.28 on Thursday, hitting $67.60. The company’s stock had a trading volume of 189,100 shares, compared to its average volume of 218,900. The company has a market capitalization of $3,609.06, a price-to-earnings ratio of 23.80, a PEG ratio of 2.16 and a beta of 1.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 2.20. Barnes Group has a 52-week low of $45.47 and a 52-week high of $72.87.

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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.

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