Barnes Group (NYSE:B – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect Barnes Group to post earnings of $0.34 per share for the quarter. Barnes Group has set its FY24 guidance at $1.55-1.80 EPS and its FY 2024 guidance at 1.550-1.800 EPS.Investors interested in registering for the company’s conference call can do so using this link.
Barnes Group (NYSE:B – Get Free Report) last issued its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The company had revenue of $415.50 million during the quarter, compared to analysts’ expectations of $420.47 million. Barnes Group had a return on equity of 6.20% and a net margin of 1.10%. The business’s revenue was up 32.5% on a year-over-year basis. During the same period last year, the business earned $0.52 earnings per share. On average, analysts expect Barnes Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Barnes Group Stock Up 1.2 %
Shares of NYSE B opened at $36.29 on Wednesday. The stock has a market cap of $1.84 billion, a PE ratio of 117.07, a PEG ratio of 2.12 and a beta of 1.38. The business has a fifty day moving average of $36.09 and a two-hundred day moving average of $31.91. Barnes Group has a 52-week low of $18.79 and a 52-week high of $43.65. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.37 and a current ratio of 2.29.
Barnes Group Dividend Announcement
Analysts Set New Price Targets
A number of research firms recently issued reports on B. StockNews.com raised Barnes Group from a “sell” rating to a “hold” rating in a report on Monday, February 19th. Oppenheimer lifted their price target on Barnes Group from $36.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. DA Davidson raised Barnes Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $35.00 to $45.00 in a report on Thursday, April 18th. Finally, Truist Financial boosted their price objective on Barnes Group from $23.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th.
Get Our Latest Report on Barnes Group
About Barnes Group
Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.
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