Haynes International (NASDAQ:HAYN) Releases Earnings Results, Misses Estimates By $0.10 EPS

Haynes International (NASDAQ:HAYNGet Free Report) released its earnings results on Friday. The basic materials company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.10), MarketWatch Earnings reports. The firm had revenue of $147.36 million during the quarter, compared to analysts’ expectations of $151.94 million. Haynes International had a net margin of 6.94% and a return on equity of 9.89%. During the same quarter last year, the business earned $0.61 EPS.

Haynes International Price Performance

NASDAQ:HAYN opened at $59.71 on Monday. Haynes International has a one year low of $41.15 and a one year high of $60.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.69 and a current ratio of 7.62. The stock has a market cap of $763.09 million, a PE ratio of 18.32, a P/E/G ratio of 0.70 and a beta of 1.43. The stock has a 50 day moving average price of $54.49 and a 200 day moving average price of $49.82.

Haynes International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a $0.22 dividend. The ex-dividend date is Thursday, February 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.47%. Haynes International’s dividend payout ratio is presently 26.99%.

Analyst Upgrades and Downgrades

Separately, Noble Financial downgraded Haynes International from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 6th.

View Our Latest Research Report on HAYN

Institutional Investors Weigh In On Haynes International

Several hedge funds and other institutional investors have recently made changes to their positions in HAYN. BNP Paribas Arbitrage SNC increased its stake in Haynes International by 20.5% during the first quarter. BNP Paribas Arbitrage SNC now owns 16,364 shares of the basic materials company’s stock worth $820,000 after acquiring an additional 2,785 shares during the last quarter. Ethic Inc. increased its stake in Haynes International by 43.7% during the first quarter. Ethic Inc. now owns 14,044 shares of the basic materials company’s stock worth $598,000 after acquiring an additional 4,273 shares during the last quarter. Tudor Investment Corp Et Al acquired a new stake in Haynes International during the second quarter worth $533,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Haynes International by 12.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,737 shares of the basic materials company’s stock worth $457,000 after buying an additional 1,147 shares during the period. Finally, Citigroup Inc. boosted its position in shares of Haynes International by 9.1% during the first quarter. Citigroup Inc. now owns 10,391 shares of the basic materials company’s stock worth $443,000 after buying an additional 865 shares during the period. Institutional investors and hedge funds own 97.11% of the company’s stock.

About Haynes International

(Get Free Report)

Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, China, and internationally. The company offers high-temperature resistant alloys used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating equipment.

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Earnings History for Haynes International (NASDAQ:HAYN)

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