Barnes Group Inc. (NYSE: B) on Friday, soared 0.17% from the previous trading day, before settling in for the closing price of $46.53. Within the past 52 weeks, B’s price has moved between $18.79 and $46.72.
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Annual sales at Industrials sector company grew by 0.45% over the past five years. The company achieved an average annual earnings per share of -2.84%. With a float of $48.51 million, this company’s outstanding shares have now reached $50.69 million.
Let’s look at the performance matrix of the company that is accounted for 6500 employees. In terms of profitability, gross margin is 29.84%, operating margin of 7.96%, and the pretax margin is -0.92%.
Barnes Group Inc. (B) Insider and Institutional Ownership
Observing investor behavior towards Specialty Industrial Machinery industry stocks is more important than anything else. The insider ownership of Barnes Group Inc. is 4.57%, while institutional ownership is 93.00%. The most recent insider transaction that took place on Dec 08 ’23, was worth 1,912. In this transaction Director of this company bought 67 shares at a rate of $28.65, taking the stock ownership to the 26,367 shares. Before that another transaction happened on Nov 07 ’23, when Company’s Director bought 50,000 for $22.78, making the entire transaction worth $1,138,815. This insider now owns 66,079 shares in total.
Barnes Group Inc. (B) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.19 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.48) by -0.29. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.47 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -2.84% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to -36.99% drop over the previous five years of trading.
Barnes Group Inc. (NYSE: B) Trading Performance Indicators
Barnes Group Inc. (B) is currently performing well based on its current performance indicators. A quick ratio of 1.33 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.49. Likewise, its price to free cash flow for the trailing twelve months is 262.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.16, a number that is poised to hit 0.39 in the next quarter and is forecasted to reach 2.03 in one year’s time.
Technical Analysis of Barnes Group Inc. (B)
Barnes Group Inc. (NYSE: B) saw its 5-day average volume 1.09 million, a positive change from its year-to-date volume of 0.41 million. As of the previous 9 days, the stock’s Stochastic %D was 71.26%. Additionally, its Average True Range was 0.86.
During the past 100 days, Barnes Group Inc.’s (B) raw stochastic average was set at 99.15%, which indicates a significant increase from 98.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.05% in the past 14 days, which was higher than the 38.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.21, while its 200-day Moving Average is $37.82. Nevertheless, the first resistance level for the watch stands at $46.66 in the near term. At $46.71, the stock is likely to face the second major resistance level. The third major resistance level sits at $46.80. If the price goes on to break the first support level at $46.52, it is likely to go to the next support level at $46.43. The third support level lies at $46.38 if the price breaches the second support level.
Barnes Group Inc. (NYSE: B) Key Stats
Market capitalization of the company is 2.37 billion based on 50,702K outstanding shares. Right now, sales total 1,451 M and income totals 16,000 K. The company made 382,230 K in profit during its latest quarter, and -46,820 K in sales during its previous quarter.
