Somewhat Positive News Coverage Somewhat Unlikely to Affect Barnes Group (B) Stock Price
Media headlines about Barnes Group (NYSE:B) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Barnes Group earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 44.8423920289282 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Synventive introduces third-generation Synflow hot-runner technology (plasticsnews.com)
- Barnes Group Clears Key Benchmark, Hitting 80-Plus RS Rating (finance.yahoo.com)
- Christmas Shop turns church sanctuary into free mall (somdnews.com)
- Aldi will open two new Louisville stores — here’s where they’ll be (bizjournals.com)
- Mid-Afternoon Market Update: Francesca’s Drops On Earnings Miss; Revance Therapeutics Shares Gain (benzinga.com)
Shares of Barnes Group (NYSE B) opened at $64.51 on Friday. Barnes Group has a fifty-two week low of $45.47 and a fifty-two week high of $72.87. The company has a current ratio of 2.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3,461.10, a PE ratio of 22.65, a price-to-earnings-growth ratio of 2.26 and a beta of 1.35.
Barnes Group (NYSE:B) last released its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03). Barnes Group had a net margin of 11.20% and a return on equity of 12.44%. The company had revenue of $357.16 million for the quarter, compared to the consensus estimate of $351.01 million. During the same period in the prior year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. equities research analysts expect that Barnes Group will post 2.85 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be given a $0.14 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.56 annualized dividend and a dividend yield of 0.87%. Barnes Group’s payout ratio is 19.72%.
B has been the subject of several recent research reports. BidaskClub raised Barnes Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Deutsche Bank boosted their price target on Barnes Group from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, September 8th. ValuEngine raised Barnes Group from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research lowered Barnes Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Robert W. Baird reissued a “hold” rating and set a $65.00 price target on shares of Barnes Group in a report on Sunday, October 29th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $65.60.
In other news, Director Thomas O. Barnes sold 1,500 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $66.36, for a total value of $99,540.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Christopher J. Stephens sold 15,700 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $63.53, for a total value of $997,421.00. The disclosure for this sale can be found here. 8.50% of the stock is owned by insiders.
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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