Barnes Group Inc (NYSE: B) has reported E.P.S. of $0.04 for its first fiscal quarter (ending March 31) versus $0.26 for the same period a year ago — a decline of -85%. This performance was $-0.42 short of the consensus estimate of $0.46. For the latest four quarters through March 31, E.P.S. were $0.09 compared to $0.12 a year ago — a decline of -25%.
Recent Price Action
On 4/26/24, Barnes Group Inc (NYSE: B) stock declined by -4.0%, closing at $34.47. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -4.5% during the last week.
Current PriceTarget Research Rating
B is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Barnes Group has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Barnes Group has a neutral Appreciation Score of 57 and a slightly negative Power Rating of 36, triggering the Low Neutral Value Trend Rating.
Rating Review
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.
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