Intrinsic value of Barnes Group - B

Previous Close

$61.97

  Intrinsic Value

$49.24

stock screener

  Rating & Target

sell

-21%

Previous close

$61.97

 
Intrinsic value

$49.24

 
Up/down potential

-21%

 
Rating

sell

We calculate the intrinsic value of B stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 3.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  16.70
  15.53
  14.48
  13.53
  12.68
  11.91
  11.22
  10.60
  10.04
  9.53
  9.08
  8.67
  8.30
  7.97
  7.68
  7.41
  7.17
  6.95
  6.76
  6.58
  6.42
  6.28
  6.15
  6.04
  5.93
  5.84
  5.76
  5.68
  5.61
  5.55
Revenue, $m
  1,676
  1,936
  2,216
  2,516
  2,835
  3,173
  3,529
  3,903
  4,294
  4,704
  5,131
  5,576
  6,039
  6,520
  7,021
  7,541
  8,081
  8,643
  9,227
  9,834
  10,466
  11,123
  11,808
  12,520
  13,263
  14,038
  14,846
  15,689
  16,570
  17,489
Variable operating expenses, $m
  1,394
  1,592
  1,806
  2,034
  2,276
  2,533
  2,804
  3,088
  3,386
  3,698
  3,903
  4,241
  4,593
  4,960
  5,340
  5,736
  6,147
  6,574
  7,019
  7,480
  7,961
  8,461
  8,981
  9,524
  10,089
  10,678
  11,292
  11,934
  12,604
  13,303
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,394
  1,592
  1,806
  2,034
  2,276
  2,533
  2,804
  3,088
  3,386
  3,698
  3,903
  4,241
  4,593
  4,960
  5,340
  5,736
  6,147
  6,574
  7,019
  7,480
  7,961
  8,461
  8,981
  9,524
  10,089
  10,678
  11,292
  11,934
  12,604
  13,303
Operating income, $m
  281
  344
  411
  483
  559
  640
  725
  814
  908
  1,006
  1,228
  1,335
  1,445
  1,561
  1,680
  1,805
  1,934
  2,069
  2,209
  2,354
  2,505
  2,662
  2,826
  2,997
  3,175
  3,360
  3,553
  3,755
  3,966
  4,186
EBITDA, $m
  579
  669
  765
  869
  979
  1,096
  1,219
  1,348
  1,483
  1,624
  1,772
  1,926
  2,086
  2,252
  2,425
  2,604
  2,791
  2,985
  3,187
  3,396
  3,614
  3,841
  4,078
  4,324
  4,581
  4,848
  5,127
  5,418
  5,722
  6,040
Interest expense (income), $m
  11
  29
  39
  49
  61
  74
  87
  101
  116
  131
  147
  164
  182
  201
  220
  240
  261
  282
  305
  328
  352
  378
  404
  431
  460
  489
  520
  552
  586
  621
  657
Earnings before tax, $m
  253
  305
  361
  421
  485
  553
  624
  699
  777
  859
  1,064
  1,152
  1,245
  1,341
  1,441
  1,544
  1,652
  1,764
  1,880
  2,002
  2,127
  2,259
  2,395
  2,537
  2,685
  2,840
  3,001
  3,169
  3,345
  3,529
Tax expense, $m
  68
  82
  98
  114
  131
  149
  168
  189
  210
  232
  287
  311
  336
  362
  389
  417
  446
  476
  508
  540
  574
  610
  647
  685
  725
  767
  810
  856
  903
  953
Net income, $m
  184
  223
  264
  308
  354
  404
  456
  510
  567
  627
  776
  841
  909
  979
  1,052
  1,127
  1,206
  1,288
  1,373
  1,461
  1,553
  1,649
  1,748
  1,852
  1,960
  2,073
  2,191
  2,314
  2,442
  2,576

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,761
  3,190
  3,651
  4,145
  4,671
  5,227
  5,813
  6,429
  7,075
  7,749
  8,453
  9,186
  9,948
  10,742
  11,566
  12,423
  13,314
  14,239
  15,201
  16,202
  17,242
  18,325
  19,452
  20,627
  21,851
  23,127
  24,458
  25,847
  27,298
  28,813
Adjusted assets (=assets-cash), $m
  2,761
  3,190
  3,651
  4,145
  4,671
  5,227
  5,813
  6,429
  7,075
  7,749
  8,453
  9,186
  9,948
  10,742
  11,566
  12,423
  13,314
  14,239
  15,201
  16,202
  17,242
  18,325
  19,452
  20,627
  21,851
  23,127
  24,458
  25,847
  27,298
  28,813
Revenue / Adjusted assets
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
  0.607
Average production assets, $m
  1,776
  2,052
  2,349
  2,667
  3,005
  3,363
  3,740
  4,137
  4,552
  4,986
  5,439
  5,910
  6,401
  6,911
  7,442
  7,993
  8,566
  9,162
  9,781
  10,424
  11,094
  11,791
  12,516
  13,272
  14,059
  14,880
  15,737
  16,630
  17,564
  18,539
Working capital, $m
  134
  155
  177
  201
  227
  254
  282
  312
  344
  376
  410
  446
  483
  522
  562
  603
  647
  691
  738
  787
  837
  890
  945
  1,002
  1,061
  1,123
  1,188
  1,255
  1,326
  1,399
Total debt, $m
  716
  916
  1,132
  1,363
  1,608
  1,868
  2,142
  2,429
  2,731
  3,046
  3,374
  3,717
  4,073
  4,443
  4,828
  5,229
  5,644
  6,077
  6,526
  6,993
  7,479
  7,985
  8,511
  9,060
  9,631
  10,227
  10,849
  11,497
  12,175
  12,883
Total liabilities, $m
  1,289
  1,490
  1,705
  1,936
  2,181
  2,441
  2,715
  3,003
  3,304
  3,619
  3,947
  4,290
  4,646
  5,016
  5,401
  5,802
  6,218
  6,650
  7,099
  7,566
  8,052
  8,558
  9,084
  9,633
  10,204
  10,800
  11,422
  12,071
  12,748
  13,456
Total equity, $m
  1,472
  1,700
  1,946
  2,209
  2,490
  2,786
  3,099
  3,427
  3,771
  4,130
  4,505
  4,896
  5,303
  5,725
  6,165
  6,622
  7,096
  7,590
  8,102
  8,635
  9,190
  9,767
  10,368
  10,994
  11,646
  12,326
  13,036
  13,776
  14,550
  15,357
Total liabilities and equity, $m
  2,761
  3,190
  3,651
  4,145
  4,671
  5,227
  5,814
  6,430
  7,075
  7,749
  8,452
  9,186
  9,949
  10,741
  11,566
  12,424
  13,314
  14,240
  15,201
  16,201
  17,242
  18,325
  19,452
  20,627
  21,850
  23,126
  24,458
  25,847
  27,298
  28,813
Debt-to-equity ratio
  0.490
  0.540
  0.580
  0.620
  0.650
  0.670
  0.690
  0.710
  0.720
  0.740
  0.750
  0.760
  0.770
  0.780
  0.780
  0.790
  0.800
  0.800
  0.810
  0.810
  0.810
  0.820
  0.820
  0.820
  0.830
  0.830
  0.830
  0.830
  0.840
  0.840
Adjusted equity ratio
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  184
  223
  264
  308
  354
  404
  456
  510
  567
  627
  776
  841
  909
  979
  1,052
  1,127
  1,206
  1,288
  1,373
  1,461
  1,553
  1,649
  1,748
  1,852
  1,960
  2,073
  2,191
  2,314
  2,442
  2,576
Depreciation, amort., depletion, $m
  297
  325
  355
  386
  420
  456
  494
  533
  575
  618
  544
  591
  640
  691
  744
  799
  857
  916
  978
  1,042
  1,109
  1,179
  1,252
  1,327
  1,406
  1,488
  1,574
  1,663
  1,756
  1,854
Funds from operations, $m
  482
  548
  618
  694
  775
  860
  949
  1,043
  1,142
  1,245
  1,320
  1,432
  1,549
  1,670
  1,796
  1,927
  2,063
  2,204
  2,351
  2,504
  2,662
  2,828
  3,000
  3,179
  3,366
  3,561
  3,765
  3,977
  4,198
  4,430
Change in working capital, $m
  19
  21
  22
  24
  26
  27
  28
  30
  31
  33
  34
  36
  37
  39
  40
  42
  43
  45
  47
  49
  51
  53
  55
  57
  59
  62
  65
  67
  70
  74
Cash from operations, $m
  463
  527
  596
  670
  749
  833
  921
  1,014
  1,111
  1,212
  1,286
  1,397
  1,512
  1,631
  1,756
  1,885
  2,019
  2,159
  2,304
  2,455
  2,612
  2,775
  2,945
  3,122
  3,307
  3,499
  3,700
  3,909
  4,128
  4,356
Maintenance CAPEX, $m
  -152
  -178
  -205
  -235
  -267
  -301
  -336
  -374
  -414
  -455
  -499
  -544
  -591
  -640
  -691
  -744
  -799
  -857
  -916
  -978
  -1,042
  -1,109
  -1,179
  -1,252
  -1,327
  -1,406
  -1,488
  -1,574
  -1,663
  -1,756
New CAPEX, $m
  -253
  -276
  -297
  -318
  -338
  -358
  -377
  -396
  -415
  -434
  -453
  -472
  -491
  -510
  -531
  -551
  -573
  -595
  -619
  -644
  -670
  -697
  -725
  -756
  -787
  -821
  -856
  -894
  -933
  -975
Cash from investing activities, $m
  -405
  -454
  -502
  -553
  -605
  -659
  -713
  -770
  -829
  -889
  -952
  -1,016
  -1,082
  -1,150
  -1,222
  -1,295
  -1,372
  -1,452
  -1,535
  -1,622
  -1,712
  -1,806
  -1,904
  -2,008
  -2,114
  -2,227
  -2,344
  -2,468
  -2,596
  -2,731
Free cash flow, $m
  57
  73
  94
  117
  144
  174
  207
  243
  282
  323
  335
  381
  430
  481
  534
  589
  647
  707
  769
  833
  900
  969
  1,041
  1,115
  1,192
  1,272
  1,355
  1,442
  1,532
  1,625
Issuance/(repayment) of debt, $m
  184
  200
  216
  231
  245
  260
  274
  288
  301
  315
  329
  342
  356
  370
  385
  400
  416
  432
  449
  467
  486
  506
  526
  548
  572
  596
  622
  649
  677
  708
Issuance/(repurchase) of shares, $m
  27
  6
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  211
  206
  216
  231
  245
  260
  274
  288
  301
  315
  329
  342
  356
  370
  385
  400
  416
  432
  449
  467
  486
  506
  526
  548
  572
  596
  622
  649
  677
  708
Total cash flow (excl. dividends), $m
  268
  279
  309
  348
  390
  434
  481
  531
  583
  638
  663
  723
  786
  851
  919
  990
  1,063
  1,139
  1,218
  1,300
  1,386
  1,475
  1,567
  1,664
  1,764
  1,868
  1,977
  2,091
  2,209
  2,333
Retained Cash Flow (-), $m
  -212
  -229
  -246
  -263
  -280
  -296
  -313
  -328
  -344
  -359
  -375
  -391
  -407
  -423
  -440
  -457
  -475
  -493
  -513
  -533
  -555
  -577
  -601
  -626
  -652
  -680
  -710
  -740
  -773
  -808
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  13
  15
  17
  20
  23
  26
  29
  32
  35
  39
  42
  46
  50
  54
  59
  63
  68
  73
  78
  83
  89
  94
  100
  106
  113
  119
  126
  134
  141
  149
Cash available for distribution, $m
  56
  51
  63
  85
  109
  137
  169
  203
  239
  279
  288
  333
  380
  428
  480
  533
  588
  646
  705
  767
  831
  898
  966
  1,038
  1,111
  1,188
  1,268
  1,350
  1,436
  1,525
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  54
  47
  55
  70
  85
  100
  114
  127
  137
  146
  137
  142
  144
  144
  141
  135
  128
  119
  109
  97
  86
  74
  63
  53
  43
  35
  27
  21
  16
  11
Current shareholders' claim on cash, %
  99.2
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0
  99.0

Barnes Group Inc. is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company's engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world. Its segments include Industrial and Aerospace. The Industrial segment is engaged in the manufacturing of precision parts, products and systems for applications serving a customer base in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices and energy. The Industrial segment includes the Molding Solutions, Nitrogen Gas Products and Engineered Components business units. The Aerospace segment includes the original equipment manufacturer (OEM) business and the aftermarket business, which includes maintenance repair and overhaul services and the manufacture and delivery of aerospace aftermarket spare parts.

FINANCIAL RATIOS  of  Barnes Group (B)

Valuation Ratios
P/E Ratio 24.5
Price to Sales 2.7
Price to Book 2.9
Price to Tangible Book
Price to Cash Flow 15.3
Price to Free Cash Flow 19.6
Growth Rates
Sales Growth Rate 3.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 4.3%
Cap. Spend. - 3 Yr. Gr. Rate -3.4%
Financial Strength
Quick Ratio 2
Current Ratio 0
LT Debt to Equity 40.1%
Total Debt to Equity 42.9%
Interest Coverage 18
Management Effectiveness
Return On Assets 6.9%
Ret/ On Assets - 3 Yr. Avg. 6.4%
Return On Total Capital 8.2%
Ret/ On T. Cap. - 3 Yr. Avg. 7.6%
Return On Equity 11.8%
Return On Equity - 3 Yr. Avg. 11%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 35.7%
Gross Margin - 3 Yr. Avg. 34.8%
EBITDA Margin 22.3%
EBITDA Margin - 3 Yr. Avg. 21.1%
Operating Margin 15.6%
Oper. Margin - 3 Yr. Avg. 14.6%
Pre-Tax Margin 14.9%
Pre-Tax Margin - 3 Yr. Avg. 13.8%
Net Profit Margin 11%
Net Profit Margin - 3 Yr. Avg. 10.2%
Effective Tax Rate 25.7%
Eff/ Tax Rate - 3 Yr. Avg. 25.5%
Payout Ratio 19.9%

B stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the B stock intrinsic value calculation we used $1436 million for the last fiscal year's total revenue generated by Barnes Group. The default revenue input number comes from 2017 income statement of Barnes Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our B stock valuation model: a) initial revenue growth rate of 16.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for B is calculated based on our internal credit rating of Barnes Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Barnes Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of B stock the variable cost ratio is equal to 84.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for B stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Barnes Group.

Corporate tax rate of 27% is the nominal tax rate for Barnes Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the B stock is equal to 0.9%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for B are equal to 106%.

Life of production assets of 10 years is the average useful life of capital assets used in Barnes Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for B is equal to 8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1260 million for Barnes Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 54 million for Barnes Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Barnes Group at the current share price and the inputted number of shares is $3.3 billion.

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COMPANY NEWS

▶ Barnes Group Inc. Declares Quarterly Dividend   [Jul-20-18 10:07AM  Business Wire]
▶ Barnes Group Inc. Declares Quarterly Dividend   [May-04-18 08:32AM  Business Wire]
▶ Are Barnes Group Incs (NYSE:B) Interest Costs Too High?   [Apr-27-18 09:22AM  Simply Wall St.]
▶ Barnes Group: 1Q Earnings Snapshot   [06:45AM  Associated Press]
▶ Barnes Group Inc. to Host Earnings Call   [06:45AM  ACCESSWIRE]
▶ Barnes Group reports 4Q loss   [06:47AM  Associated Press]
▶ Barnes Group Inc. to Host Earnings Call   [06:30AM  ACCESSWIRE]
▶ Barnes Group Inc. Declares Quarterly Dividend   [Feb-09-18 09:56AM  Business Wire]
▶ Barnes Group Earns Relative Strength Rating Upgrade   [Jan-12-18 03:00AM  Investor's Business Daily]
▶ Barnes Group Clears Key Benchmark, Hitting 80-Plus RS Rating   [Dec-07-17 03:00AM  Investor's Business Daily]
▶ Barnes Group Inc (B): Will The Growth Last?   [Oct-27-17 09:41AM  Simply Wall St.]
▶ Barnes Group misses 3Q profit forecasts   [06:35AM  Associated Press]
▶ Barnes Group Inc. to Host Earnings Call   [06:20AM  ACCESSWIRE]
▶ Barnes Group Inc. Declares Quarterly Dividend   [Oct-20-17 08:27AM  Business Wire]
▶ Barnes Group Inc. Hosts Inaugural Investor Day   [Sep-07-17 06:45AM  Business Wire]
▶ How Will Harvey Impact Oil And Gasoline Prices?   [Aug-28-17 10:28AM  Benzinga]
▶ New Strong Buy Stocks for August 1st   [Aug-01-17 10:21AM  Zacks]
▶ Barnes Group beats Street 2Q forecasts   [Jul-28-17 09:57PM  Associated Press]
▶ Barnes Group Inc. Declares Quarterly Dividend   [Jul-20-17 09:56AM  Business Wire]
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