Analysts Anticipate Haynes International, Inc. (HAYN) to Post $0.40 EPS
Analysts expect Haynes International, Inc. (NASDAQ:HAYN) to announce earnings of $0.40 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Haynes International’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.57. Haynes International posted earnings of $0.05 per share in the same quarter last year, which would suggest a positive year over year growth rate of 700%. The firm is expected to report its next earnings report on Thursday, August 1st.
On average, analysts expect that Haynes International will report full-year earnings of $0.98 per share for the current financial year, with EPS estimates ranging from $0.50 to $1.46. For the next financial year, analysts expect that the firm will post earnings of $2.28 per share, with EPS estimates ranging from $1.70 to $2.85. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Haynes International.
Haynes International (NASDAQ:HAYN) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11). The company had revenue of $127.47 million during the quarter, compared to the consensus estimate of $119.64 million. Haynes International had a return on equity of 1.12% and a net margin of 0.58%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company posted ($0.17) EPS.
Shares of HAYN stock traded up $1.31 on Tuesday, reaching $32.47. The company had a trading volume of 39,700 shares, compared to its average volume of 50,706. The stock has a market capitalization of $388.87 million, a P/E ratio of -464.43 and a beta of 1.75. The company has a current ratio of 5.57, a quick ratio of 1.48 and a debt-to-equity ratio of 0.03. Haynes International has a one year low of $24.46 and a one year high of $44.10.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.71%. Haynes International’s dividend payout ratio (DPR) is presently -1,257.14%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantamental Technologies LLC bought a new position in Haynes International in the 4th quarter valued at approximately $29,000. Municipal Employees Retirement System of Michigan bought a new position in Haynes International in the 4th quarter valued at approximately $93,000. BNP Paribas Arbitrage SA raised its holdings in Haynes International by 882.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,887 shares of the basic materials company’s stock valued at $95,000 after buying an additional 2,593 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in Haynes International by 351.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,966 shares of the basic materials company’s stock valued at $105,000 after buying an additional 3,088 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in Haynes International in the 4th quarter valued at approximately $126,000. Institutional investors and hedge funds own 97.55% of the company’s stock.
Haynes International Company Profile
Haynes International, Inc engages in the development, manufacture, and marketing of nickel-and cobalt-based alloys used in corrosion and high-temperature applications. It supports a range of industries such as aerospace, chemical processing, and industrial gas turbine. The company was founded by Elwood P.
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