Weakness in the Industrial segment and increasing operating costs weigh on B. Unfavorable foreign currency movement is an added concern.
Evaluate Barnes Group's (B) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
B's third-quarter sales increase 7% year over year, driven by the impressive performance of its Aerospace segment.
Although the revenue and EPS for Barnes Group (B) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Barnes Group (B) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.19 per share a year ago.
Barnes & Noble Education's First Day Complete program is driving growth, with the potential to significantly boost EBITDA through increased student adoption. Strengthened balance sheet supporting future expansion, with significant upside under new management. BNED's stock is undervalued, trading at
NEW YORK, NY / ACCESSWIRE / October 8, 2024 / Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Barnes Group Inc. (NYSE:B) , relating to its proposed merger with Apollo Global Management, Inc. Under the terms of the agreement, all Barnes Group common stock will be converted into the right to receive $47.50 in cash.
B is set to be acquired by Apollo Global in a $3.6 billion cash deal, offering $47.50 per share to shareholders.
Weakness in the Industrial segment and increasing operating costs weigh on B. Unfavorable foreign currency movement is an added concern.
B, CNMD and CHEOY have been added to the Zacks Rank #5 (Strong Sell) List on September 11, 2024.
Softness in the Industrial segment and increasing operating costs weigh on B. Unfavorable foreign currency movement is an added concern.
Examine Barnes Group's (B) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.