Wall Street analysts expect Haynes International, Inc. (NASDAQ:HAYN) to post sales of $94.04 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Haynes International’s earnings, with the lowest sales estimate coming in at $90.70 million and the highest estimate coming in at $97.37 million. Haynes International posted sales of $93.36 million during the same quarter last year, which suggests a positive year over year growth rate of 0.7%. The business is scheduled to issue its next earnings report on Thursday, February 1st.
On average, analysts expect that Haynes International will report full-year sales of $94.04 million for the current financial year, with estimates ranging from $427.50 million to $433.16 million. For the next fiscal year, analysts anticipate that the firm will post sales of $475.47 million per share. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Haynes International.
Haynes International (NASDAQ:HAYN) last announced its quarterly earnings results on Thursday, November 16th. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.06). The business had revenue of $100.80 million during the quarter, compared to the consensus estimate of $100.19 million. Haynes International had a negative net margin of 2.58% and a negative return on equity of 3.05%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS.
In other news, Director Dawne S. Hickton bought 2,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were acquired at an average price of $31.50 per share, with a total value of $63,000.00. Following the acquisition, the director now owns 5,300 shares in the company, valued at $166,950. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.41% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. TIAA CREF Investment Management LLC grew its holdings in shares of Haynes International by 0.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 33,941 shares of the basic materials company’s stock worth $1,232,000 after purchasing an additional 297 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Haynes International by 0.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 67,188 shares of the basic materials company’s stock worth $2,440,000 after purchasing an additional 388 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Haynes International by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,422 shares of the basic materials company’s stock worth $378,000 after purchasing an additional 395 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Haynes International by 7.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,540 shares of the basic materials company’s stock worth $274,000 after purchasing an additional 530 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Haynes International by 5.5% in the 2nd quarter. Alliancebernstein L.P. now owns 13,433 shares of the basic materials company’s stock worth $488,000 after purchasing an additional 700 shares during the last quarter.
Shares of Haynes International (NASDAQ:HAYN) traded up $0.41 during trading on Friday, reaching $34.98. 43,987 shares of the company’s stock traded hands, compared to its average volume of 78,223. The company has a market cap of $438.21, a price-to-earnings ratio of -42.14 and a beta of 1.48. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.49 and a quick ratio of 2.02. Haynes International has a 12-month low of $28.97 and a 12-month high of $43.95.
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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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