Barnes Group, Inc. (NYSE:B) is reporting third quarter earnings results on Friday 23rd October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.28 per share from $ 245.62 million in revenue.
For the full year, analysts predict revenues of $ 1078.73 million, while looking forward to income of $ 1.61 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.22 ~ $ 0.32 per share
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. disclosed income for the second quarter of $ 0.27 per share, from the revenue of $ 235.54 million. The quarterly earnings contracted 64.00 percent compared with the same quarter last year. According to street consensus, B was expected to report 2Q20 income of $ 0.21 per share from revenue of $ 240.35 million. The bottom line results beat street analysts by $ 0.06 or 28.57 percent, at the same time, top line results fell short of analysts by $ 4.81 million or 2 percent.
Stock Performance
Shares of Barnes Group, Inc. traded up $ 0.39 or 0.96 percent on Thursday, reaching $ 40.89 with volume of 127.00 thousand shares. Barnes Group, Inc. has traded high as $ 41.23 and has cracked $ 40.40 on the downward trend
The closing price of $ 40.89, representing a 34.02 % increase from the 52 week low of $ 30.22 and a 40.96 % decrease over the 52 week high of $ 68.60.
The company has a market capital of $ 2.07 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.16 per share on October 16, 2020. The dividend were payable on December 10, 2020 to holders of record as of the close of business on November 24, 2020 and ex-dividend date on November 23, 2020.
The board of directors has authorized quarterly dividend of $ 0.16 per share on July 17, 2020. The dividend were payable on September 10, 2020 to holders of record as of the close of business on August 27, 2020 and ex-dividend date on August 26, 2020.
Conference Call
Barnes Group, Inc. will be hosting a conference call at 8:30 AM eastern time on 23rd October 2020, to discuss its 3Q20 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.
