Alert: New Earnings Report (7/26/24)-Barnes Group Inc (NYSE: B).

out_logo_500#01580.jpg

Barnes Group Inc (NYSE: B) has reported E.P.S. of $-0.91 for its second fiscal quarter (ending June 30) versus $0.34 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-1.17 versus $1.24 for the same period a year ago.

Recent Price Action

out_mm#01580.jpg
Barnes Group Inc (NYSE: B) stock declined by -2.4% on 7/26/24. The shares closed at $41.10. Moreover, exceptionally high trading volume at 343% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.8% during the last week.

Current PriceTarget Research Rating

B’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

Barnes Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Barnes Group has a neutral Appreciation Score of 52 but a very high Power Rating of 86, triggering the Positive Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

Be the first to comment

Leave a Reply

Your email address will not be published.


*