Barnes Group - B Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Barnes Group in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" B shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in B, but not buy additional shares or sell existing shares.
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4 equities research analysts have issued 12-month price targets for Barnes Group's shares. Their B share price forecasts range from $36.00 to $48.00. On average, they anticipate the company's share price to reach $40.75 in the next twelve months. This suggests that the stock has a possible downside of 10.8%.
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Barnes Group's stock was trading at $40.85 at the beginning of 2023. Since then, B shares have increased by 11.8% and is now trading at $45.66.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 17th 2023.
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Barnes Group will be holding an earnings conference call on Friday, February 17th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "1137078".

Barnes Group Inc. (NYSE:B) posted its quarterly earnings data on Thursday, October, 28th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The industrial products company earned $325.10 million during the quarter, compared to analysts' expectations of $322.14 million. Barnes Group had a trailing twelve-month return on equity of 7.61% and a net margin of 2.07%. The firm's revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share.

Barnes Group announced a quarterly dividend on Friday, October 14th. Stockholders of record on Tuesday, November 22nd will be given a dividend of $0.16 per share on Friday, December 9th. This represents a $0.64 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Monday, November 21st.
Read our dividend analysis for B.

Barnes Group (NYSE:B) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.45%. The dividend payout ratio is 128.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, B will have a dividend payout ratio of 29.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for B.

Barnes Group issued an update on its FY 2022 earnings guidance on Sunday, November, 6th. The company provided earnings per share (EPS) guidance of $1.90-$2.00 for the period, compared to the consensus earnings per share estimate of $1.96. The company issued revenue guidance of -.

18 employees have rated Barnes Group Chief Executive Officer Patrick J. Dempsey on Glassdoor.com. Patrick J. Dempsey has an approval rating of 71% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Barnes Group investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Athabasca Oil (ATH), Chipotle Mexican Grill (CMG), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), Zoetis (ZTS) and Transocean (RIG).

Barnes Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "B."

Barnes Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Patriot Financial Group Insurance Agency LLC (0.96%), Tributary Capital Management LLC (0.78%), Peregrine Capital Management LLC (0.69%), New York State Common Retirement Fund (0.44%), Wooster Corthell Wealth Management Inc. (0.16%) and New York State Teachers Retirement System (0.16%). Insiders that own company stock include Christopher J Stephens, Dawn N Edwards, Dawn N Edwards, Elijah Kent Barnes, James C Pelletier, Julie K Streich, Michael Andrew Beck, Mylle H Mangum, Mylle H Mangum, Richard J Hipple and Thomas J Hook.
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Shares of B stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of B stock can currently be purchased for approximately $45.66.

Barnes Group (NYSE:B) has a market capitalization of $2.31 billion and generates $1.26 billion in revenue each year. The industrial products company earns $99.87 million in net income (profit) each year or $0.50 on an earnings per share basis.

The company employs 5,100 workers across the globe.

Barnes Group's mailing address is 123 MAIN ST, BRISTOL CT, 06010. The official website for the company is www.barnesgroupinc.com. The industrial products company can be reached via phone at (860) 583-7070, via email at ir@bginc.com, or via fax at 302-674-5266.