Equities research analysts expect that Haynes International, Inc. (NASDAQ:HAYN) will report earnings per share of ($0.37) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Haynes International’s earnings, with the lowest EPS estimate coming in at ($0.42) and the highest estimate coming in at ($0.31). Haynes International reported earnings of ($0.06) per share in the same quarter last year, which suggests a negative year over year growth rate of 516.7%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Haynes International will report full year earnings of $0.39 per share for the current financial year, with EPS estimates ranging from $0.28 to $0.50. For the next financial year, analysts expect that the company will post earnings of $1.33 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Haynes International.

Haynes International (NASDAQ:HAYN) last issued its quarterly earnings data on Thursday, November 16th. The basic materials company reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.06). Haynes International had a negative return on equity of 3.05% and a negative net margin of 2.58%. The company had revenue of $100.80 million for the quarter, compared to the consensus estimate of $100.19 million. During the same quarter in the previous year, the company earned $0.08 earnings per share. Haynes International’s quarterly revenue was down 6.2% compared to the same quarter last year.

Several research firms recently weighed in on HAYN. ValuEngine lowered Haynes International from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Haynes International from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. BidaskClub raised Haynes International from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, KeyCorp reaffirmed a “hold” rating on shares of Haynes International in a research report on Thursday, November 16th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.50.

Several hedge funds and other institutional investors have recently modified their holdings of HAYN. Wells Fargo & Company MN increased its holdings in shares of Haynes International by 1,968.2% during the 3rd quarter. Wells Fargo & Company MN now owns 191,428 shares of the basic materials company’s stock valued at $6,875,000 after acquiring an additional 182,172 shares during the last quarter. Boston Partners boosted its stake in Haynes International by 141.8% during the 3rd quarter. Boston Partners now owns 295,230 shares of the basic materials company’s stock valued at $10,602,000 after purchasing an additional 173,120 shares during the period. Third Avenue Management LLC bought a new stake in Haynes International during the 2nd quarter valued at approximately $4,619,000. Russell Investments Group Ltd. boosted its stake in Haynes International by 181.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 139,777 shares of the basic materials company’s stock valued at $5,019,000 after purchasing an additional 90,140 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Haynes International by 10.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 949,737 shares of the basic materials company’s stock valued at $34,485,000 after purchasing an additional 88,869 shares during the period. 98.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Haynes International (NASDAQ HAYN) opened at $31.94 on Thursday. Haynes International has a twelve month low of $28.97 and a twelve month high of $46.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.02 and a current ratio of 6.49.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, November 30th. Haynes International’s dividend payout ratio is -106.02%.

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About Haynes International

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.

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

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