Equities research analysts expect Haynes International, Inc. (NASDAQ:HAYN) to announce earnings per share (EPS) of ($0.31) for the current quarter, Zacks reports. Two analysts have made estimates for Haynes International’s earnings. Haynes International posted earnings per share of ($0.06) during the same quarter last year, which suggests a negative year over year growth rate of 416.7%. The business is scheduled to announce its next earnings results on Thursday, February 1st.

On average, analysts expect that Haynes International will report full-year earnings of $0.28 per share for the current fiscal year. For the next year, analysts anticipate that the business will post earnings of $1.33 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Haynes International.

Haynes International (NASDAQ:HAYN) last released its quarterly earnings results on Thursday, November 16th. The basic materials company reported ($0.30) earnings per share for the quarter, missing the 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 firm had revenue of $100.80 million for the quarter, compared to analysts’ expectations of $100.19 million. During the same quarter last year, the firm posted $0.08 earnings per share. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year.

Several research analysts recently weighed in on HAYN shares. Zacks Investment Research upgraded shares of Haynes International from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. KeyCorp restated a “hold” rating on shares of Haynes International in a report on Thursday, November 16th. Finally, BidaskClub upgraded shares of Haynes International from a “strong sell” rating to a “sell” rating in a report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $36.50.

Haynes International (NASDAQ HAYN) opened at $35.06 on Wednesday. Haynes International has a twelve month low of $28.97 and a twelve month high of $43.95. The firm has a market cap of $438.52, a PE ratio of -42.76 and a beta of 1.48. The company has a current ratio of 6.49, a quick ratio of 2.02 and a debt-to-equity ratio of 0.02.

In other news, Director Dawne S. Hickton purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average cost of $31.50 per share, for a total transaction of $63,000.00. Following the completion of the acquisition, the director now owns 5,300 shares in the company, valued at $166,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.41% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HAYN. Schwab Charles Investment Management Inc. boosted its stake in Haynes International by 20.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 64,330 shares of the basic materials company’s stock valued at $2,336,000 after acquiring an additional 10,900 shares during the last quarter. SG Americas Securities LLC purchased a new position in Haynes International in the second quarter valued at about $140,000. Legal & General Group Plc boosted its stake in Haynes International by 11.2% in the second quarter. Legal & General Group Plc now owns 23,805 shares of the basic materials company’s stock valued at $865,000 after acquiring an additional 2,399 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Haynes International by 50.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,098 shares of the basic materials company’s stock valued at $149,000 after acquiring an additional 1,370 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Haynes International by 799.6% in the second quarter. JPMorgan Chase & Co. now owns 18,064 shares of the basic materials company’s stock valued at $656,000 after acquiring an additional 16,056 shares during the last quarter.

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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.

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