News coverage about Barnes Group (NYSE:B) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Barnes Group earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.758596740289 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Zacks: Analysts Expect Barnes Group Inc. (B) Will Announce Quarterly Sales of $385.56 Million (americanbankingnews.com)
- Barnes Group Inc.: Barnes Group Inc. Announces Second Quarter 2018 Earnings Conference Call and Webcast (twst.com)
- Barnes & Noble Inc. (BKS) CEO Demos Parneros on Q4 2018 Results – Earnings Call Transcript (seekingalpha.com)
- $0.75 Earnings Per Share Expected for Barnes Group Inc. (B) This Quarter (americanbankingnews.com)
- They made how much? Watchdog group notes public employee pay in Southern California (dailybreeze.com)
A number of research firms recently commented on B. DA Davidson began coverage on Barnes Group in a research report on Friday, May 18th. They set a “neutral” rating and a $63.00 price objective for the company. ValuEngine cut Barnes Group from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. Finally, Zacks Investment Research cut Barnes Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $66.50.
Shares of B opened at $59.57 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.27 and a quick ratio of 1.56. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 2.71 and a beta of 1.34. Barnes Group has a 52 week low of $52.42 and a 52 week high of $72.87.
Barnes Group (NYSE:B) last issued its quarterly earnings results on Friday, April 27th. The industrial products company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $366.70 million during the quarter, compared to analysts’ expectations of $362.71 million. Barnes Group had a return on equity of 12.17% and a net margin of 4.12%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 earnings per share. research analysts anticipate that Barnes Group will post 3.1 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 25th were given a $0.16 dividend. This is a boost from Barnes Group’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, May 24th. This represents a $0.64 dividend on an annualized basis and a yield of 1.07%. Barnes Group’s dividend payout ratio is presently 22.22%.
In related news, Director Richard J. Hipple purchased 500 shares of Barnes Group stock in a transaction on Friday, May 4th. The stock was acquired at an average price of $53.55 per share, for a total transaction of $26,775.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas O. Barnes sold 2,000 shares of the stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $59.14, for a total value of $118,280.00. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.
About Barnes Group
Barnes Group Inc operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy.
Receive News & Ratings for Barnes Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group and related companies with MarketBeat.com's FREE daily email newsletter.