Haynes International, Inc. (NASDAQ:HAYN) Expected to Announce Earnings of $0.38 Per Share

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.

HAYN has been the topic of several recent analyst reports. ValuEngine lowered Haynes International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. BidaskClub lowered Haynes International from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Finally, Zacks Investment Research raised Haynes International from a “sell” rating to a “hold” rating in a report on Wednesday.

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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