Barnes Group (B) Earns Daily News Impact Rating of 0.08
News stories about Barnes Group (NYSE:B) have trended somewhat positive on Tuesday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Barnes Group earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 44.729428961925 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Barnes Group, Inc. (B) Upgraded by BidaskClub to “Strong-Buy” (americanbankingnews.com)
- Editor’s Note: There’s no EW without U (ew.com)
- Uptrend Call Working As Barnes Group Inc Stock Rises 24.5% (B) (mysmartrend.com)
- Barnes Group, Inc. (NYSE:B) Experiences Heavier than Usual Trading Volume (highlightpress.com)
- Barnes Group, Inc. (NYSE:B) Experiences Heavier than Average Trading Volume (highlightpress.com)
Shares of Barnes Group (NYSE B) opened at 60.62 on Tuesday. The company has a market cap of $3.26 billion, a PE ratio of 21.20 and a beta of 1.43. Barnes Group has a 1-year low of $37.88 and a 1-year high of $62.37. The firm has a 50-day moving average price of $60.11 and a 200 day moving average price of $55.11.
Barnes Group (NYSE:B) last released its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. The business had revenue of $364.49 million for the quarter, compared to analysts’ expectations of $337.69 million. Barnes Group had a return on equity of 13.02% and a net margin of 11.69%. The firm’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. On average, equities analysts anticipate that Barnes Group will post $2.89 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 24th will be given a $0.14 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 annualized dividend and a yield of 0.92%. Barnes Group’s dividend payout ratio (DPR) is presently 19.58%.
B has been the topic of several recent analyst reports. Zacks Investment Research upgraded Barnes Group from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Monday, May 22nd. ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $63.00 price objective on shares of Barnes Group in a report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. lifted their price objective on Barnes Group from $58.00 to $67.00 and gave the company an “outperform” rating in a report on Monday, July 31st. Finally, BidaskClub cut Barnes Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Barnes Group presently has a consensus rating of “Buy” and a consensus target price of $58.20.
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In other news, VP Marian Acker sold 6,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $60.38, for a total transaction of $362,280.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas O. Barnes sold 2,000 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $59.93, for a total value of $119,860.00. 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 is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.
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