Barnes Group (NYSE:B) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Barnes Group (NYSE:B) released its quarterly earnings results on Friday. The industrial products company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03), Briefing.com reports. Barnes Group had a negative net margin of 2.46% and a positive return on equity of 4.84%. During the same quarter in the prior year, the business earned $0.19 EPS. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year.

Barnes Group Trading Down 59.0 %

Shares of B stock opened at $19.46 on Friday. The stock has a market capitalization of $991.29 million, a price-to-earnings ratio of -25.27 and a beta of 1.32. Barnes Group has a 1 year low of $18.88 and a 1 year high of $47.50. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. The company’s fifty day simple moving average is $46.92 and its two-hundred day simple moving average is $47.07.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Barnes Group in a report on Monday, May 5th. They set a “sell” rating on the stock.

Barnes Group Company Profile

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.