Must-See Earnings Estimates for: Barnes Group (NYSE:B)

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Earnings results for Barnes Group (NYSE:B)

Barnes Group last announced its quarterly earnings results on July 29th, 2021. The industrial products company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business earned $321.16 million during the quarter, compared to analysts’ expectations of $305.89 million. Its quarterly revenue was up 36.4% compared to the same quarter last year. Barnes Group has generated $1.64 earnings per share over the last year ($1.51 diluted earnings per share) and currently has a price-to-earnings ratio of 27.0. Earnings for Barnes Group are expected to grow by 30.89% in the coming year, from $1.91 to $2.50 per share. Barnes Group has confirmed that its next quarterly earnings report will be published on Friday, October 29th, 2021. Barnes Group will be holding an earnings conference call on Friday, October 29th at 8:30 AM Eastern. Interested parties can or dial in at 416-621-4642 with passcode “8123687”.

Analyst Opinion on Barnes Group (NYSE:B)

According to the issued ratings of 5 analysts in the last year, the consensus rating for Barnes Group stock is Hold based on the current 1 sell rating, 3 hold ratings and 1 buy rating for B. The average twelve-month price target for Barnes Group is $50.20 with a high price target of $64.00 and a low price target of $45.00.
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on B’s analyst rating history

Barnes Group has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on 1 buy rating, 3 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $50.20, Barnes Group has a forecasted upside of 23.2% from its current price of $40.74. Barnes Group has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Barnes Group (NYSE:B)

Barnes Group pays a meaningful dividend of 1.53%, higher than the bottom 25% of all stocks that pay dividends. Barnes Group does not have a long track record of dividend growth. The dividend payout ratio of Barnes Group is 39.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Barnes Group will have a dividend payout ratio of 25.60% 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 sold 14,557.98% more of their company’s stock than they have bought. Specifically, they have bought $2,149.00 in company stock and sold $315,000.00 in company stock. Only 8.21% of the stock of Barnes Group is held by insiders. 85.41% 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 30.89% in the coming year, from $1.91 to $2.50 per share. The P/E ratio of Barnes Group is 26.98, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.01. The P/E ratio of Barnes Group is 26.98, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 33.11. Barnes Group has a PEG Ratio of 2.36. PEG Ratios above 1 indicate that a company could be overvalued. Barnes Group has a P/B Ratio of 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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