Barnes Group (B) Issues FY 2019 Earnings Guidance

Barnes Group (NYSE:B) updated its FY 2019 earnings guidance on Friday. The company provided EPS guidance of $3.25-3.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.47. The company issued revenue guidance of $1.556-1.586 billion, compared to the consensus revenue estimate of $1.6 billion.

B has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Barnes Group from a sell rating to a hold rating in a research note on Wednesday. UBS Group downgraded shares of Barnes Group from a buy rating to a neutral rating and lowered their target price for the company from $72.00 to $65.00 in a research note on Friday, February 15th. Sidoti raised shares of Barnes Group from a neutral rating to a buy rating in a research note on Wednesday, January 2nd. Finally, DA Davidson set a $66.00 target price on shares of Barnes Group and gave the company a hold rating in a research note on Monday, November 19th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Barnes Group has a consensus rating of Hold and a consensus target price of $66.83.

Shares of B opened at $61.32 on Friday. The company has a market capitalization of $3.15 billion, a P/E ratio of 19.74, a P/E/G ratio of 2.52 and a beta of 1.48. Barnes Group has a 1-year low of $49.06 and a 1-year high of $72.70. The company has a current ratio of 2.27, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Monday, February 25th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, February 22nd. Barnes Group’s dividend payout ratio (DPR) is presently 22.22%.

In other news, Director Thomas O. Barnes sold 770 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $59.28, for a total value of $45,645.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Hassell H. Mcclellan sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $58.25, for a total transaction of $81,550.00. The disclosure for this sale can be found here. Company insiders own 7.93% of the company’s stock.

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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.

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Earnings History and Estimates for Barnes Group (NYSE:B)

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