Barnes Group Inc (NYSE: B) has reported earnings for its second fiscal quarter (ending June 30) of $0.73 versus $0.94 for the same period a year ago — a decline of -22%. Relative to the consensus estimate of $0.78, this was a shortfall of $-0.05. For the latest four quarters through June 30, E.P.S. were $2.90 compared to $1.21 a year ago — an increase of 140%.
Recent Price Action
On 7/26/19, Barnes Group Inc (NYSE: B) stock suffered a large decline of -2.5%, closing at $52.05. Moreover, trading volume in this decline was unusually high at 163% of normal. The stock has been weak relative to the market over the last nine months and has declined -1.8% during the last week.
Current PriceTarget Research Rating
B’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Barnes has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Barnes has a neutral Appreciation Score of 56 and a slightly negative Power Rating of 35, and the Low Neutral Value Trend Rating results.
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.