Barnes Group, Inc. (NYSE:B) is expected to report second quarter earnings results, before market open, on Tuesday 28th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.21 per share from revenue of $ 240.35 million.
Looking ahead, the full year income are expected at $ 1.70 per share on the revenues of $ 1115.02 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.12 ~ $ 3.32 per share
Click Here For More Historical Outlooks Of Barnes Group, Inc.
Previous Quarter Performance
Barnes Group, Inc. unveiled income for the first quarter of $ 0.71 per share, from the revenue of $ 330.67 million. The quarterly revenues declined 11.60 percent compared with the same quarter last year. The consensus estimates are income of $ 0.49 per share from $ 316.73 million in revenue. The bottom line results beat street analysts by $ 0.22 or 44.90 percent, at the same time, top line results outshined analysts by $ 13.94 million or 4.40 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of B was $ 37.90, representing a 25.41 % increase from the 52 week low of $ 30.22 and a 44.75 % decrease over the 52 week high of $ 68.60.
The company has a market capital of $ 1.91 billion and is part of the Industrials sector and Diversified Industrials industry.
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Recent Analyst recommendations
- On 15th July 2020, maintained by SunTrust Robinson Humphrey at Hold rating, with $ 30.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.16 per share on May 8, 2020. The dividend were payable on June 10, 2020 to holders of record as of the close of business on May 22, 2020 and ex-dividend date on May 21, 2020.
Conference Call
Barnes Group, Inc. will be hosting a conference call at 8:30 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.barnesgroupinc.com
Barnes Group Inc. operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices.
