Earnings results for Barnes Group (NYSE:B)
Barnes Group, Inc. is expected* to report earnings on 04/30/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.31. The reported EPS for the same quarter last year was $0.71.
Barnes Group last announced its quarterly earnings data on February 18th, 2021. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $289.10 million for the quarter, compared to analyst estimates of $285.34 million. Its revenue was down 21.9% on a year-over-year basis. Barnes Group has generated $3.21 earnings per share over the last year and currently has a price-to-earnings ratio of 30.2. Barnes Group has confirmed that its next quarterly earnings report will be published on Friday, April 30th, 2021.
Analyst Opinion on Barnes Group (NYSE:B)
10 Wall Street analysts have issued ratings and price targets for Barnes Group in the last 12 months. Their average twelve-month price target is $42.20, predicting that the stock has a possible downside of 17.32%. The high price target for B is $64.00 and the low price target for B is $10.00. There are currently 3 sell ratings, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”
Barnes Group has received a consensus rating of Hold. The company’s average rating score is 1.90, and is based on 2 buy ratings, 5 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $42.20, Barnes Group has a forecasted downside of 17.3% from its current price of $51.04. Barnes Group has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: Barnes Group (NYSE:B)
Barnes Group has a dividend yield of 1.26%, which is in the bottom 25% of all stocks that pay dividends. Barnes Group has only been increasing its dividend for 1 years. The dividend payout ratio of Barnes Group is 19.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Barnes Group will have a dividend payout ratio of 33.33% next year. This indicates that Barnes Group will be able to sustain or increase its dividend.
Insiders buying/selling: Barnes Group (NYSE:B)
In the past three months, Barnes Group insiders have not sold or bought any company stock. Only 8.37% of the stock of Barnes Group is held by insiders. 86.03% of the stock of Barnes Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Barnes Group (NYSE:B
Earnings for Barnes Group are expected to grow by 19.25% in the coming year, from $1.61 to $1.92 per share. The P/E ratio of Barnes Group is 30.20, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.18. The P/E ratio of Barnes Group is 30.20, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 51.10. Barnes Group has a PEG Ratio of 2.77. PEG Ratios above 1 indicate that a company could be overvalued. Barnes Group has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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