Actor Temps (tm)

Barnes Group (NYSE:B) reported Q4 EPS of $0.43, beating estimates by $0.11. Revenues in the quarter rose 9.7% to $283.3 million, missing estimates by $29 million. Gregory F. Milzcik, Barnes Group Inc. President and Chief Executive Officer said, “Barnes Group’s fourth quarter results cap a strong year of performance for our Company. We generated solid organic growth with meaningful margin flow-through leading to an expansion in operating margins to 10.9%, up 250 basis points for the year. Coupled with our continuing focus on profitable growth and improved productivity, we delivered a 70% increase in income from continuing operations for 2011. In addition, we exit 2011 having achieved strong fourth quarter earnings per share from continuing operations, and a healthy backlog of $582 million, up 21% from 2010.” The company sees 2012 EPS of $1.78 - $1.93, vs. estimates of $1.75. It also sees 2012 revenue growth of 6% - 9% vs. estimates of up 9% to $1.38 billion. Barnes Group (NYSE:B) has potential upside of 29.1% based on a current price of $26.46 and an average consensus analyst price target of $34.17.