Haynes International (NASDAQ:HAYN) Issues Earnings Results, Beats Expectations By $0.24 EPS

Haynes International (NASDAQ:HAYN) posted its quarterly earnings data on Thursday. The basic materials company reported ($0.46) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.70) by $0.24, MarketWatch Earnings reports. Haynes International had a net margin of 1.23% and a return on equity of 1.76%.

Shares of HAYN stock traded up $0.20 on Friday, hitting $21.15. 98,315 shares of the stock traded hands, compared to its average volume of 103,928. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.23 and a quick ratio of 1.69. The company has a market capitalization of $265.58 million, a PE ratio of 51.59 and a beta of 1.39. Haynes International has a 1-year low of $15.29 and a 1-year high of $39.04. The company’s fifty day moving average is $18.02 and its 200 day moving average is $20.60.

A number of brokerages have recently commented on HAYN. TheStreet cut shares of Haynes International from a “c” rating to a “d+” rating in a research report on Thursday, August 6th. ValuEngine lowered shares of Haynes International from a “hold” rating to a “sell” rating in a research note on Thursday, October 1st. Finally, Sidoti lowered their price objective on shares of Haynes International from $33.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. Two investment 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’s stock. The stock has an average rating of “Hold” and a consensus price target of $27.00.

About Haynes International

Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation and waste incineration; and industrial heating equipment.

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Earnings History for Haynes International (NASDAQ:HAYN)

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