Brokerages expect Haynes International, Inc. (NASDAQ:HAYN) to post $0.38 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Haynes International’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.40. Haynes International reported earnings of $0.25 per share in the same quarter last year, which would suggest a positive year over year growth rate of 52%. The business is scheduled to announce its next earnings results on Thursday, November 21st.
On average, analysts expect that Haynes International will report full-year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $0.69. For the next fiscal year, analysts expect that the company will report earnings of $2.04 per share, with EPS estimates ranging from $1.72 to $2.35. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Haynes International.
Haynes International (NASDAQ:HAYN) last posted its earnings results on Thursday, August 1st. The basic materials company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.09). The business had revenue of $126.03 million during the quarter, compared to analysts’ expectations of $130.14 million. Haynes International had a net margin of 1.21% and a return on equity of 2.06%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $0.05 EPS.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC boosted its stake in Haynes International by 64.9% in the second quarter. Quantamental Technologies LLC now owns 978 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 385 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Haynes International by 882.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,887 shares of the basic materials company’s stock valued at $95,000 after acquiring an additional 2,593 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Haynes International in the fourth quarter valued at $93,000. Metropolitan Life Insurance Co. NY boosted its stake in Haynes International by 351.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,966 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 3,088 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Haynes International in the first quarter valued at $160,000. Institutional investors own 92.34% of the company’s stock.
NASDAQ:HAYN traded up $0.26 during trading hours on Wednesday, hitting $30.23. The company’s stock had a trading volume of 54,183 shares, compared to its average volume of 56,816. The stock has a market capitalization of $369.14 million, a P/E ratio of -431.86 and a beta of 1.67. The stock has a fifty day moving average of $30.37 and a 200-day moving average of $32.02. The company has a current ratio of 5.56, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. Haynes International has a 52-week low of $24.46 and a 52-week high of $39.57.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.22 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.88 annualized dividend and a yield of 2.91%. Haynes International’s dividend payout ratio is presently -1,257.14%.
About Haynes International
Haynes International, Inc engages in the development, manufacture, and marketing of nickel-and cobalt-based alloys used in corrosion and high-temperature applications. It supports a range of industries such as aerospace, chemical processing, and industrial gas turbine. The company was founded by Elwood P.
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