Haynes International (HAYN) Announces Quarterly Results
Haynes International (NASDAQ:HAYN) posted its quarterly earnings results on Thursday. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.01, Stock Ratings News reports. The company had revenue of $126.30 million for the quarter, compared to the consensus estimate of $124.23 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Haynes International from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $51.00 price target on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Haynes International from $59.00 to $66.00 in a research note on Monday, May 12th. They now have an “overweight” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Haynes International presently has an average rating of “Hold” and an average price target of $56.00.
Haynes International (NASDAQ:HAYN) traded down 0.68% on Thursday, hitting $49.67. 45,316 shares of the company’s stock traded hands. Haynes International has a 1-year low of $43.36 and a 1-year high of $59.36. The stock has a 50-day moving average of $53.37 and a 200-day moving average of $52.69. The company has a market cap of $611.2 million and a price-to-earnings ratio of 137.77.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.78%.
Haynes International, Inc (NASDAQ:HAYN) is the producers of nickel- and cobalt-based alloys in sheet, coil and plate forms.
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