Previous Close | 33.31 |
Open | 33.98 |
Bid | 34.48 x 900 |
Ask | 35.15 x 800 |
Day's Range | 33.88 - 34.70 |
52 Week Range | 29.60 - 50.34 |
Volume | |
Avg. Volume | 234,006 |
Market Cap | 1.745B |
Beta (5Y Monthly) | 1.17 |
PE Ratio (TTM) | 19.70 |
EPS (TTM) | 1.75 |
Earnings Date | Apr 28, 2022 - May 02, 2022 |
Forward Dividend & Yield | 0.64 (1.89%) |
Ex-Dividend Date | Aug 24, 2022 |
1y Target Est | 41.00 |
Barnes Group's (B) Q2 results reflect higher sales in Aerospace. However, B lowers the adjusted operating margin forecast due to the lackluster performance of the Industrial segment.
Shares in engineering products company Barnes Group (NYSE: B) fell more than 8% by midday today. Barnes sells into two main end markets: industrial (healthcare, automation, mobility, packaging, and advanced packaging) and aerospace (commercial and military).
Barnes Group Inc. (NYSE: B) reported that second-quarter FY22 sales were flat year-over-year at $321.27 million, +5% on an organic basis, missing the consensus of $329.1 million. Adjusted EPS improved to $0.56 compared to $0.45 in 2Q21, beating the consensus of $0.48. The company reported an operating loss of $(28.19) million, compared to a profit of $38.54 million a year ago. Industrial segment sales decreased by 9.6% Y/Y, and Aerospace segment sales increased by 26.2% Y/Y to $109.15 million. B