Barnes Group (B) reported quarterly earnings results on Monday, Apr-25-2016. The company reported $0.54 EPS for the quarter. Analysts had a consensus estimate of $0.54. The company posted revenue of $288.00 million in the period, compared to analysts expectations of $297.61 million. The company’s revenue was down -4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.
Many Wall Street Analysts have commented on Barnes Group. Deutsche Bank Upgraded Barnes Group on Apr 7, 2016 to ” Buy”, Price Target of the shares are set at $42.Alembic Global Advisors Initiated Barnes Group on Apr 7, 2016 to “Neutral”, Price Target of the shares are set at $37.Shares were Reiterated by Oppenheimer on Feb 12, 2016 to “Outperform” and Lowered the Price Target to $ 36 from a previous price target of $43 .
Barnes Group opened for trading at $37.21 and hit $37.75 on the upside on Friday, eventually ending the session at $37.51, with a gain of 0.91% or 0.34 points. The heightened volatility saw the trading volume jump to 1,80,709 shares. Company has a market cap of $2,022 M.
In a different news, on Mar 1, 2016, Thomas O Barnes (director) sold 1,655 shares at $34.70 per share price. According to the SEC, on Nov 30, 2015, Marian Acker (VP, Controller) sold 2,621 shares at $38.39 per share price. On Nov 23, 2015, William S Jr Bristow (director) sold 7,500 shares at $38.46 per share price, according to the Form-4 filing with the securities and exchange commission.
Barnes Group Inc. is an industrial and aerospace manufacturer and service provider serving a range of end-markets and customers. The Companys engineered products industrial technologies and solutions delivered are used in applications that provide transportation manufacturing healthcare products and technology to the world. The Company operates in segments: Industrial and Aerospace. The Industrial segment is a manufacturer of engineered precision parts products and systems for critical applications. It is a manufacturer and supplier of precision mechanical products including mechanical springs and nitrogen gas products. The Aerospace segment is a provider of precision-machined and fabricated components and assemblies for OEM turbine engine airframe and industrial gas turbine builders and the military. Aerospace provides jet engine component overhaul and repair services for turbine engine manufacturers commercial airlines and the military.