Equities analysts expect Barnes Group Inc. (NYSE:B) to post earnings of $0.60 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Barnes Group’s earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.59. Barnes Group reported earnings per share of $0.54 during the same quarter last year, which suggests a positive year over year growth rate of 11.1%. The business is expected to report its next earnings results before the market opens on Friday, April 28th.

On average, analysts expect that Barnes Group will report full-year earnings of $2.71 per share for the current fiscal year, with EPS estimates ranging from $2.69 to $2.74. For the next year, analysts forecast that the business will post earnings of $2.93 per share, with EPS estimates ranging from $2.85 to $2.97. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Barnes Group.

Barnes Group (NYSE:B) last announced its quarterly earnings results on Friday, February 17th. The industrial products company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. The company earned $324.17 million during the quarter, compared to analysts’ expectations of $328.23 million. Barnes Group had a return on equity of 12.10% and a net margin of 10.33%. Barnes Group’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share.

A number of brokerages have recently issued reports on B. Zacks Investment Research downgraded Barnes Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 5th. Jefferies Group LLC raised their price objective on Barnes Group from $46.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, April 4th. Finally, SunTrust Banks, Inc. began coverage on Barnes Group in a research note on Thursday, January 19th. They issued a “hold” rating and a $49.00 price objective for the company.

Shares of Barnes Group (NYSE:B) traded up 0.35% on Tuesday, reaching $51.43. The company had a trading volume of 158,827 shares. Barnes Group has a 52 week low of $31.13 and a 52 week high of $51.97. The firm has a market capitalization of $2.77 billion, a P/E ratio of 20.74 and a beta of 1.45. The company’s 50-day moving average price is $50.35 and its 200 day moving average price is $46.73.

In other Barnes Group news, Director Gary G. Benanav sold 12,735 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $49.97, for a total transaction of $636,367.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas O. Barnes sold 12,577 shares of the firm’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $50.14, for a total value of $630,610.78. The disclosure for this sale can be found here. Company insiders own 7.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in B. Meeder Asset Management Inc. bought a new position in Barnes Group during the third quarter valued at $297,000. Nationwide Fund Advisors boosted its stake in Barnes Group by 10.2% in the third quarter. Nationwide Fund Advisors now owns 270,446 shares of the industrial products company’s stock valued at $10,967,000 after buying an additional 25,091 shares during the period. Rothschild Asset Management Inc. boosted its stake in Barnes Group by 5.4% in the third quarter. Rothschild Asset Management Inc. now owns 593,038 shares of the industrial products company’s stock valued at $24,048,000 after buying an additional 30,377 shares during the period. Tocqueville Asset Management L.P. boosted its stake in Barnes Group by 2,273.8% in the third quarter. Tocqueville Asset Management L.P. now owns 237,375 shares of the industrial products company’s stock valued at $9,626,000 after buying an additional 227,375 shares during the period. Finally, Aperio Group LLC boosted its stake in Barnes Group by 25.4% in the third quarter. Aperio Group LLC now owns 22,068 shares of the industrial products company’s stock valued at $895,000 after buying an additional 4,465 shares during the period. 83.27% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Analysts Anticipate Barnes Group Inc. (B) to Post $0.60 EPS” was originally reported by Financial Market News and is owned by of Financial Market News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at http://www.financial-market-news.com/analysts-anticipate-barnes-group-inc-b-to-post-0-60-eps/1406496/.

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.

5 Day Chart for NYSE:B

Get a free copy of the Zacks research report on Barnes Group (B)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Barnes Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.