Haynes International, Inc. (NASDAQ:HAYN) – Investment analysts at KeyCorp lowered their Q3 2017 earnings per share estimates for shares of Haynes International in a research report issued to clients and investors on Monday. KeyCorp analyst P. Gibbs now expects that the basic materials company will post earnings of ($0.32) per share for the quarter, down from their prior forecast of $0.27. KeyCorp also issued estimates for Haynes International’s FY2017 earnings at ($0.75) EPS and FY2018 earnings at $0.82 EPS.

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A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 18th. Longbow Research raised Haynes International from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Monday, May 15th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $26.00 price objective (down from $33.50) on shares of Haynes International in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Haynes International has a consensus rating of “Hold” and a consensus target price of $37.33.

Shares of Haynes International (HAYN) opened at 30.74 on Thursday. The firm’s 50-day moving average is $35.49 and its 200-day moving average is $38.18. Haynes International has a 1-year low of $30.42 and a 1-year high of $48.37. The company has a market capitalization of $381.18 million, a price-to-earnings ratio of 116.00 and a beta of 1.54.

A number of institutional investors have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC increased its position in Haynes International by 7.1% in the first quarter. Mason Street Advisors LLC now owns 2,925 shares of the basic materials company’s stock valued at $112,000 after buying an additional 195 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Haynes International by 4.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,950 shares of the basic materials company’s stock valued at $107,000 after buying an additional 130 shares in the last quarter. Karp Capital Management Corp purchased a new position in Haynes International during the first quarter valued at $229,000. Arizona State Retirement System increased its position in Haynes International by 1.5% in the first quarter. Arizona State Retirement System now owns 6,565 shares of the basic materials company’s stock valued at $250,000 after buying an additional 100 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Haynes International by 6.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,770 shares of the basic materials company’s stock valued at $291,000 after buying an additional 410 shares in the last quarter. 98.94% of the stock is owned by institutional investors.

Haynes International Company Profile

Haynes International, Inc (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries.

Earnings History and Estimates for Haynes International (NASDAQ:HAYN)

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