Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Barnes Group (B) Share Price
Media stories about Barnes Group (NYSE:B) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Barnes Group earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 44.2761342276866 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Barnes Group, Inc. (NYSE:B) Traded Much Higher Than Its 50 Day Average – First News 24 (firstnewspaper24.com)
- UPDATE: Barnes Group (B) Trades at and Above $70.89 to be Canceled – StreetInsider.com (streetinsider.com)
- Endonovo Therapeutics, Inc. and Kodiak Capital Group, LLC Announce Settlement and Dismissal of Lawsuit (marketwatch.com)
- Barnes & Noble : Coming up (4-traders.com)
Shares of Barnes Group (NYSE:B) opened at 70.26 on Thursday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 24.57 and a beta of 1.43. Barnes Group has a 12 month low of $37.88 and a 12 month high of $70.68. The stock’s 50 day moving average price is $61.72 and its 200 day moving average price is $56.83.
Barnes Group (NYSE:B) last announced its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $364.49 million for the quarter, compared to the consensus estimate of $337.69 million. Barnes Group had a return on equity of 13.02% and a net margin of 11.69%. The company’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. Analysts expect that Barnes Group will post $2.90 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 24th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Tuesday, August 22nd. Barnes Group’s payout ratio is currently 19.58%.
A number of equities research analysts recently commented on B shares. ValuEngine raised Barnes Group from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Deutsche Bank AG increased their price target on Barnes Group from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and issued a $66.00 price target on shares of Barnes Group in a research report on Thursday, June 8th. Oppenheimer Holdings, Inc. increased their price target on Barnes Group from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. Finally, BidaskClub lowered Barnes Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $62.60.
In other news, Director Thomas O. Barnes sold 755 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $61.22, for a total transaction of $46,221.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Marian Acker sold 6,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $60.38, for a total value of $362,280.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,755 shares of company stock worth $528,361. Corporate insiders own 8.50% of the company’s stock.
Barnes Group Company Profile
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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